Merger cashes out Peakstone (NYSE: PKST) director’s 15,378 shares

Rhea-AI Filing Summary

Peakstone Realty Trust director Jeffrey Eric Friedman reported a disposition of 15,378 shares of Common Stock. These shares, including unvested restricted stock units, were cancelled and converted into the right to receive cash at $21.00 per share at the Company Merger Effective Time under the Merger Agreement. After this non-market disposition to the issuer, Friedman no longer holds Peakstone shares according to this filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Friedman Jeffrey Eric

Role null

Type	Security	Shares	Price	Value
Disposition	Common Stock	15,378	$21.00	$323K

Holdings After Transaction: Common Stock — 0 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares disposed: 15,378 shares Cash conversion price: $21.00 per share Shares after transaction: 0 shares

3 metrics

Shares disposed 15,378 shares Common stock and unvested RSUs cancelled at merger effective time

Cash conversion price $21.00 per share Amount paid per cancelled share/RSU under Merger Agreement

Shares after transaction 0 shares Total Peakstone shares held by Friedman following disposition

Key Terms

Disposition to issuer, restricted stock units, Merger Agreement, Company Merger Effective Time

4 terms

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

restricted stock units financial

"unvested restricted stock units that were cancelled and converted"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Merger Agreement financial

"in accordance with the terms of the Merger Agreement as defined"

A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.

Company Merger Effective Time financial

"at the Company Merger Effective Time in accordance with the terms"

Form 4 Insider Transactions: What Each Field Means →

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

X

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^*

Friedman Jeffrey Eric

(Last) (First) (Middle)

1520 E. GRAND AVE

(Street)

EL SEGUNDO CALIFORNIA 90245

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Peakstone Realty Trust [ PKST ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/06/2026

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

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

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

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	05/06/2026		D(1)		15,378	D	$21	0	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. Represents shares of common stock and unvested restricted stock units that were cancelled and converted into the right to receive an amount in cash equal to $21.00 per share at the Company Merger Effective Time in accordance with the terms of the Merger Agreement as defined and disclosed in the Company's Proxy Statement filed with the Securities and Exchange Commission on March 16, 2026.

	/s/ Javier F. Bitar, attorney-in-fact	05/06/2026
	** 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)

FAQ

What did Peakstone Realty Trust (PKST) director Jeffrey Eric Friedman report on this Form 4?

Jeffrey Eric Friedman reported a disposition to the issuer of 15,378 Peakstone Realty Trust common shares. These included unvested restricted stock units that were cancelled and converted into cash in connection with the Company Merger Effective Time.

How many Peakstone Realty Trust (PKST) shares were affected in this transaction?

The Form 4 shows 15,378 shares of common stock, including unvested restricted stock units, were cancelled. All were converted into a right to receive cash, leaving the reporting person with zero shares following the transaction.

At what price were Jeffrey Eric Friedman’s PKST shares and RSUs converted to cash?

Each affected share and restricted stock unit was converted into cash at $21.00 per share. This fixed cash amount applied at the Company Merger Effective Time under the Merger Agreement referenced in the company’s proxy statement.

Is this Form 4 for an open-market sale of PKST shares?

No. The transaction is coded as a Disposition to issuer (D) and described as shares and unvested restricted stock units being cancelled and converted to cash at $21.00 per share under the Merger Agreement, not a market sale.

How is this PKST Form 4 transaction related to the company’s merger?

The footnote explains the shares and unvested restricted stock units were cancelled and cashed out at $21.00 per share at the Company Merger Effective Time, in accordance with the Merger Agreement described in Peakstone’s March 16, 2026 proxy statement.

What is Jeffrey Eric Friedman’s Peakstone Realty Trust ownership after this Form 4?

Following the disposition, the Form 4 reports that Friedman holds 0 shares of Peakstone Realty Trust common stock. All 15,378 reported shares and unvested restricted stock units were cancelled and converted into cash at $21.00 per share.