City Office REIT Form 4: 306 New RSUs Granted to Director John Sweet

Rhea-AI Filing Summary

City Office REIT (CIO) Form 4: Director John Sweet reported an automatic acquisition of 306 restricted stock units (RSUs) on 07/24/2025 as a dividend-equivalency grant under the company’s Equity Incentive Plan. Each RSU converts 1-for-1 into common stock upon vesting and will be delivered when the related underlying awards vest. Following the transaction, Sweet directly owns 21,392 RSUs. No common-stock sales, purchases, or option exercises were disclosed, indicating the filing is a routine equity-compensation update rather than a directional trade. The grant marginally increases insider alignment but does not affect the public float or signal any strategic shift.

Positive

• Increased insider alignment: Director John Sweet’s direct holdings rise to 21,392 RSUs, modestly reinforcing shareholder-management alignment.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine RSU dividend grant; negligible market impact.

The 306 RSU dividend-equivalency units represent less than 0.1% of City Office REIT’s outstanding shares and simply keep John Sweet’s ownership in line with the equity incentive plan. There is no cash outlay, dilution is immaterial, and the award vests on the same schedule as prior grants. Such filings are common among REIT board members and generally do not influence valuation, guidance, or liquidity. Investors may view the continued accumulation of stock-settled awards as modestly positive for governance, but it should not drive investment decisions.

SEC Form 4

FORM 4

UNITED 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
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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).

1. Name and Address of Reporting Person^*

Sweet John

(Last) (First) (Middle)

666 BURRARD STREET, SUITE 3210

(Street)

VANCOUVER A1 V6C2X8

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
City Office REIT, Inc. [ CIO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	07/24/2025		A		306		(2)	(2)	Common Stock	306(3)	(1)	21,392	D

Explanation of Responses:

1. In accordance with the Company's Equity Incentive Plan (the "Equity Incentive Plan"), Restricted Stock Units (as the defined in the Equity Incentive Plan) convert into common stock on a one-for-one basis.

2. The units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest in three substantially equal installments on each of the first three annual anniversaries of the initial Grant Date, generally subject to the Participant's continued service through each applicable vesting date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest.

3. Vested shares will be delivered to the reporting person promptly upon vesting of the related restricted stock units.

	/s/ John Sweet	07/25/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did CIO disclose in the July 2025 Form 4?

Director John Sweet received 306 RSUs as a dividend-equivalency grant on 07/24/2025.

How many CIO shares/units does John Sweet now own?

He beneficially owns 21,392 restricted stock units directly.

Was there any open-market buying or selling of CIO stock?

No. The filing shows only an automatic RSU grant; no purchases or sales of common shares occurred.

Does the RSU grant cause dilution for CIO shareholders?

Dilution is immaterial; 306 units represent a tiny fraction of CIO’s total shares outstanding.

When will the newly granted RSUs vest?

They vest on the same schedule as the underlying RSUs—three equal installments over three years, contingent on continued service.