Kevorkian Eric G 4

4 · BXP, Inc. · Filed May 26, 2026

AI-generated summary of this filing

Updated May 26, 2026

BXP SVP Eric Kevorkian Sells 2,200 Shares After Unit Redemption

What Happened

Eric G. Kevorkian, Senior Vice President, Chief Legal Officer and Secretary of BXP, redeemed 2,000 Common OP Units for 2,000 shares of Boston Properties, Inc. common stock (per filing footnote). He then sold a total of 2,200 BXP shares: 200 shares on 2026-05-21 at $60.23 ($12,045) and 2,000 shares on 2026-05-22 at a weighted average price of $59.85 (~$119,702). Total reported proceeds from the open-market sales are approximately $131,747. Net of the redemption, the transactions resulted in 200 more shares sold than acquired.

Key Details

Transaction dates: Redemptions and sales occurred 2026-05-21 and 2026-05-22; Form 4 filed 2026-05-26 (reporting period: 2026-05-21).
Sale prices: 200 shares at $60.23; 2,000 shares at a weighted average of $59.85 (sales ranged $59.85–$59.86 per footnote).
Proceeds: ~ $131,747 total from open-market sales.
Shares owned after transaction: Not specified in the excerpt of the filing provided.
Notable footnotes:
- F1: 2,000 Common OP Units were redeemed for an equal number of Issuer shares under the BPLP Partnership Agreement.
- F2: Weighted-average sale price; seller can provide per-price breakdown on request.
- F3: Common OP Units are limited partnership units that can be redeemed for cash equal to fair market value or, at the issuer’s election, exchanged for one share each; they have no expiration.
No indication in the provided data of a 10b5-1 plan, tax withholding, or late-filing code (if timeliness is a concern, check the full SEC filing for any late-filing designation).

Context

The key derivative detail is a redemption of limited-partnership units into common shares (not an option exercise). Those redeemed shares were largely sold in the open market. Sales by insiders are common and may be for routine or personal-liquidity reasons; they do not by themselves indicate company outlook. Purchases generally carry more informational weight for investors than routine sales.

Form 4

Period: 2026-05-21

SVP, CLO and Secretary

Transactions

Conversion
Common Stock, par value $0.01
[F1]
2026-05-21+2,000→ 2,511 total
Sale
Common Stock, par value $0.01
2026-05-21$60.23/sh−200$12,045→ 2,311 total
Sale
Common Stock, par value $0.01
[F2]
2026-05-22$59.85/sh−2,000$119,702→ 311 total
Conversion
Common OP Units
[F3][F1]
2026-05-21−2,000→ 1,757.43 total
→ Common Stock, par value $0.01 (2,000 underlying)

Footnotes (3)

[F1]2,000 of the reporting person's common units of limited partnership interest ("Common OP Units") in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, were redeemed by the reporting person for an equal number of shares of the Issuer's common stock in accordance with BPLP's Partnership Agreement.
[F2]Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $59.85 to $59.86, inclusive. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
[F3]Represents Common OP Units in BPLP. Each Common OP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Common OP Unit so presented for redemption for one share of the Issuer's common stock. Common OP Units have no expiration date.

Signature

/s/ Kelli A. DiLuglio, as Attorney-in-Fact|2026-05-26

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