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  4. [Form 4] BXP, Inc. Insider Trading Activity

BXP (BXP) SVP sells 2,200 shares and converts 2,000 Common OP Units

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

BXP, Inc. senior vice president and chief legal officer Eric G. Kevorkian reported a mix of conversions and sales of company equity. On May 21, he converted 2,000 Common OP Units in Boston Properties Limited Partnership into 2,000 shares of BXP common stock, then sold 200 shares at $60.2250 per share. On May 22, he sold an additional 2,000 shares at a weighted average price of $59.8508 per share, with individual trades ranging from $59.85 to $59.86. After these transactions, he directly held 311 shares of BXP common stock and 1,757.4300 Common OP Units, which are redeemable for cash equal to the fair market value of a common share, or, at the issuer’s election, one share of common stock per unit.

Positive

  • None.

Negative

  • None.
Insider Kevorkian Eric G
Role SVP, CLO and Secretary
Sold 2,200 shs ($132K)
Approx. gross sale proceeds $132K
Approx. exercise cost $0.00
Type Security Shares Price Value
Sale Common Stock, par value $0.01 2,000 $59.8508 $120K
Conversion Common OP Units 2,000 $0.00 $0.00
Conversion Common Stock, par value $0.01 2,000 $0.00 $0.00
Sale Common Stock, par value $0.01 200 $60.225 $12K
Holdings After Transaction: Common OP Units — 1,757.43 shares (Direct); Common Stock, par value $0.01 — 311 shares (Direct)
Footnotes (3)
  1. 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.
  2. 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.
  3. 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.
Shares sold total 2,200 shares Open-market sales of common stock
Sale price (May 22) $59.8508 per share Weighted average; trades from $59.85 to $59.86
Sale price (May 21) $60.2250 per share Open-market sale of 200 shares
OP Units converted 2,000 Common OP Units Redeemed into 2,000 shares of common stock
Shares held after 311 shares Direct BXP common stock holdings post-transaction
OP Units remaining 1,757.4300 units Common OP Units in BPLP after conversion
Common OP Units financial
"2,000 of the reporting person's common units of limited partnership interest ("Common OP Units") in Boston Properties Limited Partnership"
derivative conversion financial
"transaction_action": "derivative conversion""
weighted average sale price financial
"Represents the weighted average sale price. These shares were sold in multiple transactions"
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
redemption financial
"may be presented for redemption, at the election of the holder, for cash equal to the then fair market value"
Redemption is when an issuer or holder settles a financial instrument by paying it off or returning it for cash, such as a bond being paid at maturity or a preferred share bought back by the company. It matters to investors because redemption changes when and how they get their money back, can cut off future income from the investment, and affects the issuer’s cash needs—think of it like a loan being paid off early or a store refunding a returned purchase.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transactions did BXP (BXP) executive Eric G. Kevorkian report?
Eric G. Kevorkian reported converting 2,000 Common OP Units into 2,000 BXP common shares, then selling 2,200 shares in open-market transactions over two days. These filings detail both the derivative conversion and subsequent stock sales.

How many BXP shares did Eric G. Kevorkian sell and at what prices?
Kevorkian sold 2,200 BXP common shares. He sold 200 shares at $60.2250 per share and 2,000 shares at a weighted average price of $59.8508, with those trades occurring between $59.85 and $59.86 per share.

What is the derivative conversion involving BXP Common OP Units in this Form 4?
The filing shows 2,000 Common OP Units in Boston Properties Limited Partnership converted into 2,000 BXP common shares. Each Common OP Unit is redeemable for cash equal to a share’s fair market value or, at the issuer’s election, one share of common stock.

How many BXP shares does Eric G. Kevorkian hold after these transactions?
Following the reported sales, Kevorkian directly holds 311 BXP common shares. This reflects his remaining direct equity position after selling 2,200 shares in open-market transactions and completing the related derivative conversion.

How many Common OP Units tied to BXP does Eric G. Kevorkian still hold?
After converting 2,000 units, Kevorkian holds 1,757.4300 Common OP Units. Each unit can be redeemed for cash equal to the fair market value of one BXP share, or exchanged at the issuer’s election for one share of common stock.

Were Eric G. Kevorkian’s BXP share sales done on the open market?
Yes, the Form 4 describes the two stock transactions as open-market sales. One sale used a single price of $60.2250 per share, while the larger sale’s reported price is a weighted average between $59.85 and $59.86.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kevorkian Eric G
(Last)(First)(Middle)
C/O BXP
800 BOYLSTON STREET
(Street)
BOSTON MASSACHUSETTS 02199
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
BXP, Inc. [ BXP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
SVP, CLO and Secretary
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.0105/21/2026C(1)2,000A(1)2,511D
Common Stock, par value $0.0105/21/2026S200D$60.2252,311D
Common Stock, par value $0.0105/22/2026S2,000D$59.8508(2)311D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Common OP Units(3)(3)05/21/2026C(1)2,000 (3) (3)Common Stock, par value $0.012,000(1)(3)1,757.43D
Explanation of Responses:
1. 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.
2. 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.
3. 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.
Remarks:
/s/ Kelli A. DiLuglio, as Attorney-in-Fact05/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR