Redwood funds sell Office Properties Income Trust (OPI) shares in August

Rhea-AI Filing Summary

Office Properties Income Trust received an amended insider report from funds managed by Redwood Capital Management and related entities. The amendment restates previously reported open-market sales totaling 162,254 common shares on August 6, 2026, adding weighted-average prices and price ranges, without reporting any new share sales. The shares are held by Redwood-managed funds, and the reporting persons may be deemed beneficial owners only to the extent of their pecuniary interests.

Insider Trade Summary

Net Seller: 162,254 shares

Net Sell 2 txns

Insider REDWOOD CAPITAL MANAGEMENT, LLC, Redwood Capital Management Holdings, LP, Double Twins K, LLC, KLIKSBERG RUBEN

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 162,254 shs ($3.20M)

Type	Security	Shares	Price	Value
Sale	Common Shares of Beneficial Interest F1, F2, F3	25,605	$18.805	$482K
Sale	Common Shares of Beneficial Interest F4, F2, F3	136,649	$19.8791	$2.72M

Holdings After Transaction: Common Shares of Beneficial Interest — 4,165,267 shares (Indirect, See footnotes)

Footnotes (4)

1. F1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.50 - $19.50. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote to this Form 4.
2. F2. This Form 4 is being filed jointly by Redwood Capital Management, LLC, a Delaware limited liability company ("Redwood Capital Management"), Redwood Capital Management Holdings, LP, a Delaware limited partnership ("Redwood Capital Management Holdings"), Double Twins K, LLC, a Delaware limited liability company ("Double Twins K"), and Ruben Kliksberg, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). The business address of each Reporting Person is 250 West 55th St., 26th Floor, New York, NY 10019.
3. F3. The Subject Securities are directly held by certain funds (the "Redwood Funds") for which Redwood Capital Management serves as the investment manager. Each of (a) Redwood Capital Management, as the investment manager to the Redwood Funds with respect to the Subject Securities directly held by the Redwood Funds, (b) Redwood Capital Management Holdings, as the sole member of Redwood Capital Management, (c) Double Twins K, as the general partner of Redwood Capital Management Holdings, and (d) Mr. Kliksberg, as the managing member of Double Twins K, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. Each Reporting Person disclaims any beneficial ownership of the Subject Securities, except to the extent of any pecuniary interest therein.
4. F4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.53 - $20.30. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission the SEC, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote to this Form 4.

Key Figures

Shares sold (first transaction): 25,605 shares Weighted average price (first transaction): $18.8050 per share Price range (first transaction): $18.50 - $19.50 +4 more

7 metrics

Shares sold (first transaction) 25,605 shares Indirect sale of Common Shares of Beneficial Interest on August 6, 2026

Weighted average price (first transaction) $18.8050 per share Multiple trades within a $18.50 - $19.50 range

Price range (first transaction) $18.50 - $19.50 Range for first set of sales on August 6, 2026

Shares sold (second transaction) 136,649 shares Indirect sale of Common Shares of Beneficial Interest on August 6, 2026

Weighted average price (second transaction) $19.8791 per share Multiple trades within a $19.53 - $20.30 range

Price range (second transaction) $19.53 - $20.30 Range for second set of sales on August 6, 2026

Total shares sold 162,254 shares Combined indirect sales by Redwood-managed funds on August 6, 2026

Key Terms

weighted average price, beneficial owner, pecuniary interest, Rule 16a-1(a), +1 more

5 terms

weighted average price financial

"The price reported is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

beneficial owner regulatory

"may be deemed to be the beneficial owner of the Subject Securities"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

pecuniary interest financial

"disclaims any beneficial ownership of the Subject Securities, except to the extent of any pecuniary interest"

Rule 16a-1(a) regulatory

"beneficial owner of the Subject Securities for purposes of Rule 16a-1(a)"

indirect ownership financial

"The Subject Securities are directly held by certain funds for which Redwood Capital Management serves as the investment manager."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/07/2026 - 07:01 PM Accepted by SEC EDGAR 08/07/2026 - 07:01 PM Learn about SEC filing dates

FAQ

What insider stock sales in Office Properties Income Trust (OPI) are covered by this amendment?

The amendment covers already-reported open-market sales totaling 162,254 common shares of Office Properties Income Trust on August 6, 2026. Two indirect transactions by Redwood-managed funds sold 25,605 shares and 136,649 shares; no additional sales are disclosed.

What prices and trading range applied to the first OPI share sale reported?

For the first sale, funds sold 25,605 shares at a weighted-average price of $18.8050 per share. These shares traded in multiple transactions within a price range of $18.50–$19.50, and the reporting persons offer to provide full breakdowns upon request.

What prices and trading range applied to the second OPI share sale reported?

For the second sale, funds sold 136,649 shares at a weighted-average price of $19.8791 per share. These shares were sold in multiple transactions within a price range of $19.53–$20.30, with detailed per-trade information available from the reporting persons on request.

Who are the reporting persons for the OPI insider sales and how are the shares held?

The reporting persons are Redwood Capital Management, LLC, its affiliated entities, and Ruben Kliksberg. The shares are directly held by certain Redwood funds, while the reporting persons may be deemed beneficial owners through their roles but disclaim beneficial ownership beyond any pecuniary interest.

Does this OPI insider filing indicate trades under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox is not marked, indicating the reported August 6, 2026 sales were not made pursuant to a Rule 10b5-1 trading plan. No footnote references any pre-arranged trading agreement for these transactions.

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).

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^*

REDWOOD CAPITAL MANAGEMENT, LLC

(Last) (First) (Middle)

250 WEST 55TH ST.

26TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
OFFICE PROPERTIES INCOME TRUST [ OPI ]

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

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/06/2026

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 Shares of Beneficial Interest	08/06/2026		S		25,605	D	$18.805(1)	4,301,916	I	See footnotes(2)(3)
Common Shares of Beneficial Interest	08/06/2026		S		136,649	D	$19.8791(4)	4,165,267	I	See footnotes(2)(3)

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

1. Name and Address of Reporting Person^*

REDWOOD CAPITAL MANAGEMENT, LLC

(Last) (First) (Middle)

250 WEST 55TH ST.

26TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Redwood Capital Management Holdings, LP

(Last) (First) (Middle)

250 WEST 55TH STREET

26TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Double Twins K, LLC

(Last) (First) (Middle)

250 W 55TH STREET

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

KLIKSBERG RUBEN

(Last) (First) (Middle)

C/O REDWOOD CAPITAL MANAGEMENT, LLC

250 WEST 55TH STREET, 26TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.50 - $19.50. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote to this Form 4.

2. This Form 4 is being filed jointly by Redwood Capital Management, LLC, a Delaware limited liability company ("Redwood Capital Management"), Redwood Capital Management Holdings, LP, a Delaware limited partnership ("Redwood Capital Management Holdings"), Double Twins K, LLC, a Delaware limited liability company ("Double Twins K"), and Ruben Kliksberg, a citizen of the United States of America (collectively, the "Reporting Persons"), each of whom may be deemed to have a pecuniary interest in securities reported on this Form 4 (the "Subject Securities"). The business address of each Reporting Person is 250 West 55th St., 26th Floor, New York, NY 10019.

3. The Subject Securities are directly held by certain funds (the "Redwood Funds") for which Redwood Capital Management serves as the investment manager. Each of (a) Redwood Capital Management, as the investment manager to the Redwood Funds with respect to the Subject Securities directly held by the Redwood Funds, (b) Redwood Capital Management Holdings, as the sole member of Redwood Capital Management, (c) Double Twins K, as the general partner of Redwood Capital Management Holdings, and (d) Mr. Kliksberg, as the managing member of Double Twins K, may be deemed to be the beneficial owner of the Subject Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended. Each Reporting Person disclaims any beneficial ownership of the Subject Securities, except to the extent of any pecuniary interest therein.

4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.53 - $20.30. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission the SEC, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth in this footnote to this Form 4.

Remarks:

This Form 4/A amends the Form 4 filed by the Reporting Persons on August 6, 2026 and is being filed to include information related to (i) the weighted average price of the shares sold and (ii) the ranges included in such weighted average price. This Form 4/A is not being filed to report any additional shares sold.

	Redwood Capital Management, LLC, By: /s/ Redwood Capital Management Holdings, LP, its sole member, By: Double Twins K, LLC, its general partner, By: /s/ Ruben Kliksberg, its Managing Member	08/07/2026
	Redwood Capital Management Holdings, LP, By: Double Twins K, LLC, its general partner, By: /s/ Ruben Kliksberg, its Managing Member	08/07/2026
	Double Twins K, LLC, By: /s/ Ruben Kliksberg, its Managing Member	08/07/2026
	/s/ Ruben Kliksberg	08/07/2026
	** 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)