STEPHENSON ROBERT O 4

What Happened

• Robert O. Stephenson, a director of Plymouth Industrial REIT, disposed of 6,269 shares of the company's common stock on 2026-01-27. The shares were converted to cash at $22.00 per share under the Merger Agreement, producing $137,918 in aggregate proceeds.

Key Details

• Transaction date: 2026-01-27. Price per share: $22.00. Total proceeds: $137,918.
• Reported as a "Disposition to the issuer" (D) — the shares were converted to cash per the Agreement and Plan of Merger dated October 24, 2025.
• Footnote: Each share held by the reporting person was converted into the right to receive $22.00 in cash (the Merger Consideration), without interest and subject to any required withholding taxes.
• Shares owned after the transaction: not specified in the provided filing.
• Filing timing: Form 4 filed 2026-01-28 for a 2026-01-27 transaction — appears timely (no late filing indicated).

Context

• This was not an open-market sale but a conversion of shares into cash as part of a corporate merger/REIT merger transaction. Such dispositions reflect the deal terms rather than an individual insider decision to sell on the market; they do not necessarily indicate the insider's view on the company's prospects.