Jones Jeffrey Alan 4
Research Summary
AI-generated summary
Whitestone REIT (WSR) Director Jeffrey A. Jones Sells 45,728 Shares
What Happened
Jeffrey A. Jones, a director of Whitestone REIT (WSR), disposed of 45,728 common shares on July 14, 2026. Each share was converted into $19.00 in cash under the company’s merger, producing gross proceeds of $868,832. This was a disposition to the issuer as part of the merger consideration, not an open‑market sale.
Key Details
- Transaction date: 2026-07-14; Price per share: $19.00; Total proceeds: $868,832.
- Transaction code: D (Disposition to issuer — shares converted for cash under merger agreement).
- Shares owned after transaction: 0 (reporting person no longer beneficially owns any Company common shares).
- Footnote: Per the Merger Agreement dated April 8, 2026, each Whitestone share was converted into the right to receive $19.00 in cash (subject to withholding).
- Filing timeliness: Report covers period 2026-07-14 and was filed 2026-07-15 (appears timely).
Context
This was not a typical insider sale on the open market; it reflects the cash-out of holdings under a merger agreement. After the company’s delisting and deregistration, the reporting person will cease having Form 4 reporting obligations.