Peakstone Realty Trust (PKST) CFO has 183,223 shares cashed out at $21

Rhea-AI Filing Summary

Peakstone Realty Trust CFO Javier F. Bitar reported a disposition to the issuer of 183,223 shares of common stock at $21.00 per share. According to the footnote, these shares and unvested restricted stock units were cancelled at the Company Merger Effective Time and converted into the right to receive cash under the Merger Agreement. Following this cash-out related to the merger, Bitar no longer holds Peakstone common stock in this filing.

Insights

Insider transactions specialist

CFO’s entire equity position was cashed out via merger terms, not market selling.

The filing shows CFO Javier F. Bitar disposed of 183,223 Peakstone common shares through a disposition to issuer at $21.00 per share. A footnote explains these were shares and unvested restricted stock units cancelled and converted into a cash right at the Company Merger Effective Time under the Merger Agreement.

This indicates a transaction driven by merger mechanics rather than an open-market decision. Because total shares following the transaction are 0, this appears to eliminate the reported direct equity stake. The economic outcome and broader implications are governed by the previously disclosed Merger Agreement and related proxy materials.

Insider Trade Summary

Net Seller: 183,223 shares

Net Sell 1 txn

Insider BITAR JAVIER F

Role CFO

Type	Security	Shares	Price	Value
Disposition	Common Stock	183,223	$21.00	$3.85M

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

Footnotes (1)

1. F1. 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.

Key Figures

Shares disposed: 183,223 shares Per-share cash amount: $21.00 per share Post-transaction holdings: 0 shares

3 metrics

Shares disposed 183,223 shares Disposition to issuer at Company Merger Effective Time

Per-share cash amount $21.00 per share Cancellation and conversion of shares and RSUs under Merger Agreement

Post-transaction holdings 0 shares Total common shares directly held after merger-related 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

"Represents shares of common stock and unvested restricted stock units that were cancelled"

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 and disclosed"

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

"cancelled and converted into the right to receive an amount in cash ... at the Company Merger Effective Time"

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/06/2026 - 05:24 PM Learn about SEC filing dates

FAQ

What did Peakstone Realty Trust (PKST) CFO Javier Bitar report in this Form 4?

He reported a disposition to the issuer of 183,223 shares of Peakstone common stock. The shares were not sold on the market but were cancelled and converted into cash rights in connection with a merger transaction.

At what price were Javier Bitar’s Peakstone (PKST) shares converted in the merger?

The filing shows the shares were valued at $21.00 per share. A footnote states that common stock and unvested restricted stock units were cancelled and converted into cash equal to $21.00 per share at the Company Merger Effective Time.

How many Peakstone (PKST) shares did CFO Javier Bitar dispose of in this transaction?

He disposed of 183,223 shares of Peakstone common stock. The transaction is coded as a disposition to the issuer, reflecting cancellation and cash conversion under the Merger Agreement, rather than an open-market sale to third-party investors.

Does Javier Bitar hold any Peakstone Realty Trust (PKST) shares after this Form 4 transaction?

According to the filing, total shares following the transaction are 0. This indicates the reported direct holdings were fully eliminated when shares and unvested restricted stock units were cancelled and converted into cash pursuant to the merger terms.

Was this Peakstone (PKST) Form 4 transaction related to a merger?

Yes. A footnote explains that common stock and unvested restricted stock units were cancelled and converted into cash at $21.00 per share at the Company Merger Effective Time, consistent with the Merger Agreement described in the company’s proxy statement.

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^*

BITAR JAVIER F

(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)

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

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)		183,223	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	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)