Regan Kenneth P 4
4 · Sterling Real Estate Trust · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Sterling Real Estate Trust CEO Kenneth Regan Acquires 122,830 Units
What Happened Kenneth P. Regan, CEO of Sterling Real Estate Trust, is reported to have acquired 122,830 derivative units on February 9, 2026. The Form 4 records the transaction as a purchase (code P) at $0.00 per unit (no cash consideration) and attributes the issuance to an UPREIT transaction. The Form 4 was filed on February 10, 2026 (timely).
Key Details
- Transaction date: 2026-02-09; Filing date: 2026-02-10 (timely).
- Reported transaction: 122,830 derivative units acquired at $0.00 (total reported value $0).
- Shares/units owned after transaction: Not specified on the Form 4.
- Notable footnotes:
- F5: These units were issued to GF Corporation as a result of an UPREIT on 2/9/2026; Kenneth Regan is a beneficial owner of GF Corporation.
- F1 & F4: Regan has ownership interests in Trustmark Enterprises, Inc. and JKD, Inc.; he disclaims beneficial ownership except to the extent of his pecuniary interest.
- F2: Units are subject to exchange or redemption under the LLLP Agreement and applicable redemption plan.
- F3: The derivative securities have no expiration date.
- Filing timeliness: transaction reported promptly (no late filing indicated).
Context These were derivative partnership/LLLP units issued in connection with an UPREIT exchange, not an open-market cash purchase of common stock. Such non-cash unit issuances can be part of property contribution or tax-structure transactions and do not necessarily reflect a traditional cash-based insider buy. The reporting person’s ownership is routed through entities (GF Corporation, Trustmark, JKD), and some beneficial ownership is disclaimed except for pecuniary interest.
Insider Transaction Report
- Purchase
Limited Partnership Units
[F2][F3][F5]2026-02-09+122,830→ 122,830 total(indirect: GF Corporation)Exercise: $25.50→ Common Shares (122,830 underlying)
- 135,808.167
Common Shares
- 131,215.074(indirect: By Spouse)
Common Shares
- 13,000(indirect: By Trust)
Common Shares
[F1] - 35,408.425(indirect: JKD, Inc.)
Limited Partnership Units
[F2][F3][F4]Exercise: $25.50→ Common Shares (35,408.425 underlying) - 127,716.631(indirect: By Spouse)
Limited Partnership Units
[F2][F3]Exercise: $25.50→ Common Shares (43,825 underlying) - 3,606,663.432
Limited Partnership Units
[F2][F3]Exercise: $25.50→ Common Shares (394,422 underlying)
Footnotes (5)
- [F1]The Reporting Person has an ownership interest in Trustmark Enterprises, Inc. (Trustmark) and has shared voting control of the shares held by Trustmark. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest in such securities.
- [F2]The units are subject to exchange or redemption pursuant to the terms of the LLLP Agreement and the applicable redemption plan.
- [F3]These derivative securities do not have an expiration date.
- [F4]The reporting person has an ownership interest in JKD, Inc.
- [F5]Kenneth Regan is a beneficial owner of GF Corporation. This Corp is the holder of these units which came as a result of an UPREIT that occurred on 2/9/2026.