IRT director reduces stake to 40,872 shares after 500-share sale

Rhea-AI Filing Summary

Richard D. Gebert, a director of Independence Realty Trust, Inc. (IRT), reported a sale of 500 shares of the company's common stock on 10/01/2025 at a price of $16.42 per share. After the transaction he beneficially owns 40,872 shares, held directly. The filing states the sale was executed under a pre-established 10b5-1(c) plan dated 12/05/2024, indicating the trade was preplanned rather than discretionary. The Form 4 was signed by an attorney-in-fact on 10/02/2025.

Positive

• Sale executed under a 10b5-1(c) plan dated 12/05/2024, indicating the trade was preplanned and compliant
• Form 4 filed promptly and signed by attorney-in-fact on 10/02/2025, demonstrating disclosure transparency

Negative

• Director sold 500 shares, reducing direct ownership to 40,872 shares

Insights

Corporate Governance Analyst

Routine, pre-planned director sale under a 10b5-1 plan; small position change.

This Form 4 discloses a 500-share sale at $16.42 that reduced Richard D. Gebert to 40,872 shares directly owned. The filing explicitly states the trade was executed pursuant to a 10b5-1(c) plan dated 12/05/2024, which is a prearranged program allowing scheduled transactions irrespective of later insider knowledge.

Because the sale size is modest relative to the remaining holding reported, this filing appears procedural and does not, by itself, reveal a change in management intent or corporate governance. The explicit 10b5-1 disclosure supports routine compliance and transparency.

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

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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^*

Gebert Richard D

(Last) (First) (Middle)

1835 MARKET STREET

SUITE 2601

(Street)

PHILADELPHIA PA 19103

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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
Common stock	10/01/2025		S		500	D	$16.42(1)	40,872	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 12-05-2024

	/s/ James J. Sebra, attorney-in-fact	10/02/2025
	** 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 IRT director Richard D. Gebert report on Form 4 (IRT)?

He reported a sale of 500 common shares on 10/01/2025 at $16.42 per share and now beneficially owns 40,872 shares directly.

Was the sale by the IRT director discretionary or preplanned?

The filing states the sale was made pursuant to a pre-established 10b5-1(c) plan dated 12/05/2024, indicating it was preplanned.

Who filed the Form 4 for Richard D. Gebert (IRT)?

The Form 4 was executed by an attorney-in-fact, James J. Sebra, and dated 10/02/2025.

How much did the director receive per share in the reported sale?

The reported sale price was $16.42 per share for the 500 shares sold.

Does this Form 4 show any derivative transactions or amendments?

No. The filing shows a single non-derivative sale and does not list derivative transactions or an amendment date.