Witherell Jeffrey E 4

What Happened

• Jeffrey E. Witherell, CEO and Director of Plymouth Industrial REIT, disposed of 437,682 shares on Jan 27, 2026. The shares were converted into cash at $22.00 per share under the Merger Agreement, generating $9,629,004 (before any required tax withholding).

Key Details

• Transaction date and price: 2026-01-27, $22.00 per share.
• Shares disposed: 437,682; gross proceeds: $9,629,004.
• Shares owned after transaction: effectively 0 common shares (each share was converted into the right to receive cash at the effective time of the REIT merger).
• Footnote: Disposal occurred in connection with the Agreement and Plan of Merger dated Oct 24, 2025; Merger Consideration = $22.00 cash per share, without interest and subject to withholding.
• Filing timeliness: Form 4 filed 2026-01-28 for a 2026-01-27 transaction (appears timely; not marked late).

Context

• This was not an open-market sale but a disposition to the issuer as part of a merger (REIT Merger), meaning the shares were converted to cash under the merger terms rather than a voluntary market trade. Such merger-driven conversions reflect deal terms rather than an insider picking a market timing strategy.