IVT CFO acquires 750 shares, now holds 52,160 – July 2025 Form 4

Rhea-AI Filing Summary

On 07/25/2025, InvenTrust Properties Corp. (IVT) Executive Vice President, Chief Financial Officer & Treasurer Michael D. Phillips filed a Form 4 detailing routine insider activity:

• Acquisition: 750 common shares acquired through the company’s Employee Stock Purchase Plan covering the 01 Jan – 30 Jun 2025 period. The filing reflects an accounting cost of $0 for these shares.
• Disposition: 47 shares automatically surrendered at $27.21 to satisfy tax-withholding obligations.

Following the transactions, Phillips’ direct ownership stands at 52,160 IVT shares. No derivative securities were involved. The filing does not signal any strategic shift; it represents standard ESPP participation and related tax withholding, implying neutral investment impact.

Insights

Securities Analyst

TL;DR: Small ESPP purchase and tax withholding; immaterial to IVT’s valuation.

The 750-share ESPP acquisition equals roughly <0.001% of IVT’s outstanding shares, while the 47-share disposition merely covers taxes. No derivatives or unusual codes appear, suggesting purely administrative activity. Insider net ownership increased marginally and remains modest in absolute dollar terms (<$25k). Such routine transactions rarely influence market perception or forward fundamentals; therefore the disclosure is best viewed as neutral for investors.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Phillips Michael Douglas

Role E.V.P., C.F.O. & Treasurer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	750	$0.00	$0.00
Disposition	Common Stock	47	$27.21	$1K

Holdings After Transaction: Common Stock — 52,160 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations.

FAQ

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

How many IVT shares did CFO Michael Phillips purchase on 07/25/2025?

He acquired 750 common shares through the Employee Stock Purchase Plan.

At what price were the surrendered IVT shares valued?

The 47 shares surrendered for withholding were valued at $27.21 each.

What is Phillips' total direct IVT share ownership after the filing?

Following the transactions, he owns 52,160 IVT shares directly.

Were any derivative securities (options, warrants) reported in this Form 4?

No; the filing lists no derivative security activity.

Does the filing indicate a material change in control or insider ownership at IVT?

No. The activity is routine ESPP participation and tax withholding with no material impact on control.

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

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Accepted by SEC EDGAR 07/28/2025 - 05:24 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).

1. Name and Address of Reporting Person^*

Phillips Michael Douglas

(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)
	E.V.P., C.F.O. & Treasurer

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)	52,207	D
Common Stock	07/25/2025		D		47(2)	D	$27.21	52,160	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.