Wieland James 4

What Happened Wieland James (reported as a 10% owner) reported a purchase (code P) of 45,875 derivative units on 2026-03-06. The filing shows a $0.00 per-unit price and $0 total cash paid — the units were acquired in connection with an UPREIT exchange (footnote F8), so this was a non‑cash transaction rather than an open‑market cash purchase. The derivative units are reported as having no expiration (F4) and James has voting control over them (F2, F5).

Key Details

• Transaction date: 2026-03-06; Filing date: 2026-03-09 (report covers period 3/6/2026).
• Reported price: $0.00 per unit; Reported cash value: $0.
• Quantity: 45,875 derivative units acquired (code P).
• Shares/units owned after transaction: not disclosed in the provided excerpt.
• Notable footnotes: F8 (acquired in UPREIT transaction); F3 (units subject to exchange/redemption under the LLLP Agreement/relevant redemption plan); F4 (no expiration); F1/F6/F7 note ownership/interests in affiliated entities and applicable beneficial‑ownership disclaimers; F2/F5 note voting control.
• Timeliness: filed three days after the transaction date; check the full filing for any official timeliness flag.

Context An UPREIT exchange typically means limited‑partnership interests were exchanged for REIT units or OP units and often shows as $0 cash consideration on Form 4. These are derivative/partnership‑type interests (not a cash market buy) and may be subject to exchange or redemption rules described in the LLLP agreement. As a 10% owner, this filing reflects a material ownership change by a principal holder rather than routine executive cash trades.