Regan Kenneth P 4
4 · Sterling Real Estate Trust · Filed Jul 22, 2026
Research Summary
AI-generated summary of this filing
Sterling Real Estate Trust CEO Kenneth Regan Acquires 57,436 Units
What Happened
Kenneth P. Regan, Chief Executive Officer of Sterling Real Estate Trust, completed a purchase on 2026-07-21 of 57,436.539 limited partnership units (reported as derivative securities) at $25.50 per unit, for a total purchase price of $1,464,632. The transaction is reported as a purchase (code P) and was filed with the SEC on 2026-07-22.
Key Details
- Transaction date: 2026-07-21; filing date: 2026-07-22 (filed promptly).
- Security: 57,436.539 limited partnership units (derivative securities) at $25.50 per unit.
- Total value: $1,464,632.
- Nature: Reported as a private purchase (derivative units) and subject to terms of the LLLP Agreement (units may be exchanged or redeemed).
- Footnotes: reporting person has ownership interests in Trustmark Enterprises, JKD, Inc., and GF Corporation and disclaims beneficial ownership of certain securities except to the extent of his pecuniary interest; the derivative securities have no expiration date.
- Shares owned after transaction: not specified in the filing.
Context
These are limited partnership/derivative units, not necessarily common stock — they may be exchangeable or redeemable under the LLLP agreement and the filing disclaims full beneficial ownership except for Mr. Regan’s pecuniary interest. Purchases by executives can signal increased economic exposure, but derivative unit holdings can carry different rights and liquidity than common shares; this filing is factual and does not indicate the insider's motives.
Insider Transaction Report
- Purchase
Limited Partnership Units
[F6][F2][F3]2026-07-21$25.50/sh+57,436.539$1,464,632→ 3,702,060.971 totalExercise: $25.50→ Common Shares (3,644,624.432 underlying)
- 13,509.773(indirect: By Trust)
Common Shares
[F1] - 131,215.074(indirect: By Spouse)
Common Shares
- 135,808.167
Common Shares
- 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) - 122,830(indirect: GF Corporation)
Limited Partnership Units
[F2][F3][F5]Exercise: $25.50→ Common Shares (122,830 underlying)
Footnotes (6)
- [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. and disclaims beneficial ownership except to the extent of his pecuniary interest in such securities.
- [F5]The reporting person is a beneficial owner of GF Corporation and disclaims beneficial ownership except to the extent of his pecuniary interest in such securities.
- [F6]The reporting person acquired the Limited Partnership Units in connection with a private purchase on 7/21/2026 and disclaims beneficial ownership except to the extent of his pecuniary interest in such securities.