[Form 4] InvenTrust Properties Corp. Insider Trading Activity

Rhea-AI Filing Summary

EVP, COO, General Counsel & Secretary David C. Lynn of InvenTrust Properties Corp. (IVT) filed a Form 4 covering transactions on 25 Jul 2025. The executive acquired 750 common shares through the company’s Employee Stock Purchase Plan (ESPP) for the 1 Jan-30 Jun 2025 period at an ESPP price recorded as $0 (discounted payroll contributions). To address withholding taxes, 48 shares were automatically surrendered to the issuer at $27.21 per share. Net result is a 702-share increase, lifting Lynn’s direct ownership to 88,625 shares.

No derivative securities were involved, and there were no sales for personal proceeds. The filing indicates routine participation in the ESPP rather than open-market buying or discretionary selling.

Positive

• Net insider share increase of 702 shares indicates continued executive ownership alignment, albeit modest.

Negative

• Transaction executed under preset ESPP—limits usefulness as an intentional bullish signal.

Insights

Securities Analyst

TL;DR: Small ESPP purchase; negligible impact on IVT valuation.

The transaction adds 702 net shares to the COO’s holdings, taking his stake to roughly US$2.4 million at the latest $27 share price. Because purchases occurred under a preset ESPP, this does not signal an active bullish stance, yet continued participation suggests management alignment with shareholders. The 48-share tax surrender is mechanically neutral. Given IVT’s 68 million share count, the added shares are immaterial. I view the event as non-impactful for valuation or liquidity.

Corporate Governance Expert

TL;DR: Routine ESPP activity; governance posture unchanged.

Form 4 shows compliance with Section 16 reporting and transparent disclosure of tax-related share withholding. No red flags: the automatic $0 ESPP price is standard accounting for payroll deductions, and the proportional tax surrender (6.4% of acquired shares) is within normal ranges. No derivatives or discretionary trades reduce potential insider-trading concerns. Overall governance implications are neutral.

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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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^*

David Christy Lynn

(Last) (First) (Middle)

3025 HIGHLAND PARKWAY

SUITE 350

(Street)

DOWNERS GROVE IL 60515

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
InvenTrust Properties Corp. [ IVT ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, COO, GC & Sec.

3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025

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	07/25/2025		A		750(1)	A	$0(1)	88,673	D
Common Stock	07/25/2025		D		48(2)	D	$27.21	88,625	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. Shares of Common Stock purchased pursuant to the InvenTrust Properties Corp. Employee Stock Purchase Plan ("ESPP"), for the purchase period of January 1, 2025 to June 30, 2025.

2. Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations.

Remarks:

	/s/ Daniel J. Busch, Attorney in Fact	07/28/2025
	** 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

How many IVT shares did EVP David Lynn purchase on 25 July 2025?

He acquired 750 shares through the Employee Stock Purchase Plan.

Did the insider sell any IVT shares?

No discretionary sale occurred; 48 shares were surrendered solely for tax withholding.

What is David Lynn’s total IVT ownership after the transaction?

He now directly owns 88,625 common shares.

Was any derivative security involved in this Form 4?

No; Table II reports zero derivative transactions.

Is this transaction considered material to IVT investors?

Given IVT’s large share base, the 702-share net change is immaterial and unlikely to affect valuation.