Kevorkian Eric G 4

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.