InvenTrust (IVT) Form 4: CEO Busch nets +700 shares, 142,288 total

Rhea-AI Filing Summary

President & CEO Daniel Busch, who is also a director of InvenTrust Properties (IVT), filed a Form 4 for two transactions dated 25 July 2025.

• Acquisition: 750 shares obtained at $0 under the company’s Employee Stock Purchase Plan (ESPP) covering the 1 Jan – 30 Jun 2025 period.
• Disposition: 50 shares surrendered back to the issuer at $27.21 to satisfy payroll-tax withholding requirements.

The net result is an increase of 700 common shares, bringing Busch’s direct ownership to 142,288 shares. No derivative securities were involved and there is no indication of any other material corporate event. Given IVT’s share count, the net purchase is immaterial to the float and reflects routine plan participation rather than a discretionary open-market buy.

Positive

• CEO net share increase: Busch’s ownership grew by 700 shares, demonstrating continued participation in the company’s ESPP.

Negative

• Immaterial size: The transaction equals far less than 0.01% of IVT’s total float, limiting market impact.
• No open-market purchase: Shares were allocated at $0 through the ESPP rather than bought in the market, weakening the bullish signal.

Insights

Securities Analyst

TL;DR: Minor ESPP-driven net purchase; neutral signal for IVT valuation.

The CEO’s additional 700 shares represent roughly 0.5% of his personal stake and an immaterial fraction of IVT’s outstanding shares. Because the stock was acquired automatically via ESPP rather than open-market buying, it carries limited information value about management’s view of near-term fundamentals. There is likewise no dilution or cash outflow for the company. Overall impact on share price or investor sentiment is expected to be negligible.

Corporate Governance Expert

TL;DR: Routine insider filing; compliant, no governance concerns.

The Form 4 is timely, discloses standard ESPP activity, and includes a tax-withholding share surrender—common practice under Rule 16b. Signature is provided via power of attorney, and no red flags appear in the explanatory notes. Filing supports transparency but does not alter the company’s governance risk profile.

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).

1. Name and Address of Reporting Person^*

Busch Daniel

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & C.E.O.

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)	142,338	D
Common Stock	07/25/2025		D		50(2)	D	$27.21	142,288	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/ Christy L. David, 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 CEO Daniel Busch acquire on 25 July 2025?

He acquired 750 shares through the Employee Stock Purchase Plan.

Why were 50 IVT shares disposed of in the same filing?

The 50 shares were surrendered to cover tax withholding obligations tied to the ESPP purchase.

What is Daniel Busch’s total IVT ownership after the transactions?

His direct stake is now 142,288 common shares.

Did the CEO buy IVT shares on the open market?

No. The shares were obtained automatically via the ESPP at $0 cost basis, not through an open-market purchase.

Does this Form 4 indicate any derivative security activity?

No derivative securities were acquired, disposed of, or outstanding in this filing.