Holeman David K 4

What Happened
David K. Holeman, CEO of Whitestone REIT (WSR), disposed of 1,164,103 common shares to the issuer on July 14, 2026 at $19.00 per share for a total of $22,117,957. On the same date 345,938 restricted performance share unit awards (TSR Unit Awards) became fully vested, were cancelled, and converted into the right to receive cash equal to $19.00 per share (345,938 × $19 = $6,572,822). The transactions were effected under the Merger Agreement; combined cash consideration attributable to these items is approximately $28.69 million, subject to applicable withholding.

Key Details

• Transaction date: 2026-07-14; Price for disposed shares: $19.00/share.
• Disposition: 1,164,103 shares → $22,117,957.
• Award conversion: 345,938 TSR Units converted to cash at $19.00 → $6,572,822.
• Shares owned after transaction: 0 (per filing; reporting person no longer beneficially owns Company Common Shares).
• Footnotes: Transactions result from the Agreement and Plan of Merger (Merger Agreement). TSR Unit Awards automatically vested, were cancelled, and converted into cash based on merger consideration; amounts are without interest and subject to applicable withholding taxes.
• Filing timeliness: Reported on 2026-07-15 for transactions dated 2026-07-14 (appears timely). No 10b5-1 plan or late filing flags noted.

Context
These were not open-market purchases or routine executive sales but the cash-out of equity holdings and vested performance awards pursuant to Whitestone REIT’s merger/going-private transaction (each common share converted into the right to receive $19.00 in cash). As the company is being delisted/deregistered under the Merger Agreement, Holeman will cease to have reporting obligations.