IRT director sells 500 shares in planned trade

INDEPENDENCE REALTY TRUST, INC. director Richard D. Gebert reported an open-market sale of common stock.

Rhea-AI Filing Summary

INDEPENDENCE REALTY TRUST, INC. director Richard D. Gebert reported an open-market sale of common stock. He sold 500 shares at an average price of $16.15 per share. After this transaction, he directly holds 43,069 shares of the company’s common stock.

The sale was executed under a pre-arranged Rule 10b5-1(c) trading plan adopted on a prior date, which means the timing was set in advance rather than chosen opportunistically.

Insights

Equity market & insider-transactions analyst

Small, pre-planned director sale with substantial holdings retained.

Director Richard D. Gebert sold 500 shares of INDEPENDENCE REALTY TRUST, INC. common stock at $16.15 per share in an open-market transaction. Following the sale, he still directly owns 43,069 shares, indicating that only a small portion of his position was traded.

The filing notes the sale occurred under a pre-arranged Rule 10b5-1(c) plan adopted on 12-03-2025. Such plans schedule trades in advance, so the timing usually reflects preset instructions rather than an active view on the stock. With no derivative positions reported and a modest transaction size, this appears to be a routine, low-signal liquidity event.

Insider Trade Summary 10b5-1

Net Seller: 500 shares

Net Sell 1 txn

Insider Gebert Richard D

Role Director

Sold 500 shs ($8K)

Type	Security	Shares	Price	Value
Sale	Common stock	500	$16.15	$8K

Holdings After Transaction: Common stock — 43,069 shares (Direct)

Footnotes (1)

1. F1. The sale was made pursuant to the adoption of a 10b5-1(c) plan dated 12-03-2025

Key Figures

Shares sold: 500 shares Sale price: $16.15 per share Shares owned after: 43,069 shares +2 more

5 metrics

Shares sold 500 shares Open-market sale of common stock

Sale price $16.15 per share Price for the 500-share sale

Shares owned after 43,069 shares Direct holdings following transaction

Net buy/sell shares -500 shares Net effect of reported transactions

Transaction date June 1, 2026 Date of the open-market sale

Key Terms

open-market sale, Rule 10b5-1(c) plan, Form 4, non-derivative

4 terms

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.

Rule 10b5-1(c) plan regulatory

"The sale was made pursuant to the adoption of a 10b5-1(c) plan"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

non-derivative financial

"transaction_type": "non-derivative""

FAQ

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

What did IRT director Richard D. Gebert do in this Form 4 filing?

Director Richard D. Gebert reported selling 500 shares of INDEPENDENCE REALTY TRUST, INC. common stock. The sale was an open-market transaction at $16.15 per share and was executed under a previously adopted Rule 10b5-1(c) trading plan.

How many INDEPENDENCE REALTY TRUST (IRT) shares did the director sell and at what price?

The director sold 500 shares of INDEPENDENCE REALTY TRUST, INC. common stock at an average price of $16.15 per share. This transaction was reported as an open-market sale of non-derivative common stock in the Form 4 filing.

How many INDEPENDENCE REALTY TRUST (IRT) shares does the director own after the sale?

After the reported sale, the director directly owns 43,069 shares of INDEPENDENCE REALTY TRUST, INC. common stock. This post-transaction holding figure is disclosed in the Form 4 and reflects his remaining direct equity position following the 500-share sale.

Was the IRT director’s stock sale under a Rule 10b5-1 trading plan?

Yes. The Form 4 footnote states the sale was made pursuant to a Rule 10b5-1(c) trading plan adopted on December 3, 2025. Such plans pre-schedule trades, reducing the significance of trade timing as an indicator of insider sentiment.

Is this IRT Form 4 transaction a buy or a sell by the insider?

This Form 4 reports a sale by the insider. It shows an open-market sale of 500 shares of INDEPENDENCE REALTY TRUST, INC. common stock, coded as a transaction type “S,” which represents a sale in an open-market or private transaction.

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

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Accepted by SEC EDGAR 06/01/2026 - 04:13 PM Learn about SEC filing dates

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).

X

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^*

Gebert Richard D

(Last) (First) (Middle)

1835 MARKET STREET

SUITE 2601

(Street)

PHILADELPHIA PENNSYLVANIA 19103

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
INDEPENDENCE REALTY TRUST, INC. [ IRT ]

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)
06/01/2026

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 stock	06/01/2026		S(1)		500	D	$16.15	43,069	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. The sale was made pursuant to the adoption of a 10b5-1(c) plan dated 12-03-2025

	/s/ James J. Sebra, attorney-in-fact	06/01/2026
	** 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)