Industrial Logistics Properties Trust: 2,000-share buy

Available on EDGAR 11/12/2026 - 04:37 PM EST Accepted by SEC EDGAR 11/12/2026 - 04:36 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Industrial Logistics Properties Trust (ILPT) reports that the Anne D. Phelan Trust purchased 2,000 common shares of beneficial interest on November 9, 2026, at $6.0060 per share. Kevin C. Phelan, an ILPT director and the trust’s co-trustee and beneficiary, disclaims beneficial ownership except to the extent of his pecuniary interest; the trust held 9,500 shares after the purchase. The report also lists 104,082 shares held directly by Phelan, including 1,125 shares acquired under ILPT’s Dividend Reinvestment Plan since his last Section 16 filing. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 2,000 shares

Net Buy 1 txn

Insider PHELAN KEVIN C

Role Director

Bought 2,000 shs ($12K)

Increase in Position 26.7%

Type	Security	Shares	Price	Value
Purchase	Common Shares of Beneficial Interest F1	2,000	$6.006	$12K
Holding	Common Shares of Beneficial Interest F2	--	--	--

Holdings After Transaction: Common Shares of Beneficial Interest — 9,500 shares (Indirect, By Trust); Common Shares of Beneficial Interest — 104,081.83 shares (Direct)

Holdings Before and After: Common Shares of Beneficial Interest, 7,500 to 9,500 shares (Indirect, By Trust)

Footnotes (2)

1. F1. This transaction is being reported to reflect the purchase of common shares of Industrial Logistics Properties Trust by the Anne D. Phelan Trust, of which Mr. Phelan is a co-trustee and beneficiary. Mr. Phelan disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
2. F2. Includes 1,125.281 shares acquired under the Industrial Logistics Properties Trust Dividend Reinvestment Plan since the last Section 16 filing by Mr. Phelan.

Key Figures

Trust purchase: 2,000 shares Purchase price: $6.0060 per share Trust shares after purchase: 9,500 shares +2 more

5 metrics

Trust purchase 2,000 shares Anne D. Phelan Trust purchase on November 9, 2026

Purchase price $6.0060 per share Anne D. Phelan Trust purchase on November 9, 2026

Trust shares after purchase 9,500 shares Shares held by the Anne D. Phelan Trust after the reported purchase

Direct holdings 104,082 shares Kevin C. Phelan’s reported direct holdings

Dividend Reinvestment Plan shares 1,125 shares Acquired since Kevin C. Phelan’s last Section 16 filing

Key Terms

Common Shares of Beneficial Interest, Dividend Reinvestment Plan, Section 16 filing, pecuniary interest

4 terms

Common Shares of Beneficial Interest financial

"purchase of common shares of Industrial Logistics Properties Trust"

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

Dividend Reinvestment Plan financial

"shares acquired under the Industrial Logistics Properties Trust Dividend Reinvestment Plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Section 16 filing regulatory

"since the last Section 16 filing by Mr. Phelan"

pecuniary interest regulatory

"disclaims beneficial ownership except to the extent of his pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ILPT shares did the Anne D. Phelan Trust purchase?

The Anne D. Phelan Trust purchased 2,000 shares on November 9, 2026, at $6.0060 per share. Kevin C. Phelan, an ILPT director, is the trust’s co-trustee and beneficiary and disclaims beneficial ownership except to the extent of his pecuniary interest. No Rule 10b5-1 plan is reported.

How many ILPT shares did Kevin C. Phelan hold directly?

Kevin C. Phelan’s direct holdings were reported as 104,082 shares as of November 9, 2026. That amount includes 1,125 shares acquired under ILPT’s Dividend Reinvestment Plan since his last Section 16 filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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
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^*

PHELAN KEVIN C

(Last) (First) (Middle)

C/O THE RMR GROUP LLC

TWO NEWTON PL., 255 WASH. ST., STE. 300

(Street)

NEWTON MASSACHUSETTS 02458

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Industrial Logistics Properties Trust [ ILPT ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/09/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	11/09/2026		P(1)		2,000	A	$6.006	9,500	I	By Trust
Common Shares of Beneficial Interest								104,081.83(2)	D

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

Explanation of Responses:

1. This transaction is being reported to reflect the purchase of common shares of Industrial Logistics Properties Trust by the Anne D. Phelan Trust, of which Mr. Phelan is a co-trustee and beneficiary. Mr. Phelan disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

2. Includes 1,125.281 shares acquired under the Industrial Logistics Properties Trust Dividend Reinvestment Plan since the last Section 16 filing by Mr. Phelan.

	/s/ Kevin C. Phelan	11/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)