Presidio Property Trust: CEO Jack Heilbron received 99,897 shares

What happened Jack Heilbron, CEO, disposed of 18,163 shares of Series D preferred stock and acquired 99,897 common shares on Oct 02, 2026 in an issuer exchange offer. Dispositions reported: 11,563 Series D preferred at $6.25 for $72,269 and 6,600 Series D preferred at $6.25 for $41,250. Acquisitions reported: 63,597 common shares at $1.18 for $75,044 and 36,300 common shares at $1.18 for $42,834.

Key details

• Transaction date: Oct 02, 2026. Prices: dispositions at $6.25 per preferred share; acquisitions at $1.18 per common share.
• Shares owned after the transaction: 213,976 common shares beneficially owned (per footnote 2).
• Footnote 1: The reporting person disposed of 18,163 shares of Series D preferred in exchange for 99,897 common shares in an issuer exchange offer; the 11,563 Series D shares held by Puppy Toes, Inc. and its subsidiaries (of which Mr. Heilbron is the controlling shareholder) were exchanged for 63,597 common shares.
• Footnote 2: Holdings include 86,077 shares held by Puppy Toes, Inc. and its subsidiaries, 1,000 shares held by Mr. Heilbron's spouse, 60 shares held for grandchildren, 29,670 unvested shares, and 97,169 shares held directly by Mr. Heilbron.
• Filing date: Oct 06, 2026. The Form 4 was filed within the required 2 business days for an Oct 02, 2026 transaction.

Why it may matter

• The transactions reflect an issuer exchange offer (preferred shares exchanged for common shares), not a market purchase or sale of common stock.
• A filing does not show why the insider traded or why the company acted.