Peakstone Realty CAO shares cashed out at $21
Peakstone Realty Trust’s Chief Accounting Officer, Mai Qiyan, reported a disposition of company equity tied to a merger closing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Peakstone Realty Trust’s Chief Accounting Officer, Mai Qiyan, reported a disposition of company equity tied to a merger closing. On May 6, 2026, 12,823 shares of common stock and unvested restricted stock units were cancelled and converted into the right to receive $21.00 per share in cash under the merger agreement. Following this cash-out transaction, Mai Qiyan reported holding 0 shares of Peakstone Realty Trust common stock directly.
Insider Trade Summary
Disposition: 12,823 shares
Disposition
1 txn
Insider
Mai Qiyan
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 12,823 | $21.00 | $269K |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (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: 12,823 shares
Cash per share: $21.00 per share
Shares after transaction: 0 shares
+2 more
5 metrics
Shares disposed
12,823 shares
Common stock and unvested RSUs cancelled at merger effective time
Cash per share
$21.00 per share
Cash amount received for each cancelled share/RSU under merger agreement
Shares after transaction
0 shares
Direct common stock holdings reported after merger-related disposition
Disposition type
Disposition to issuer
Form 4 transaction code D, issuer disposition under merger
Dispose transactions
1 transaction
transactionSummary shows one dispose event and no buys or sells
Key Terms
Disposition to issuer, restricted stock units, Merger Agreement, Company Merger Effective Time, +1 more
5 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
"converted into the right to receive an amount in cash ... at the Company Merger Effective Time in accordance with the terms of the Merger Agreement"
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 equal to $21.00 per share at the Company Merger Effective Time"
Proxy Statement regulatory
"as defined and disclosed in the Company's Proxy Statement filed with the Securities and Exchange Commission on March 16, 2026"
A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Mai Qiyan report for Peakstone Realty Trust (PKST)?
Mai Qiyan reported a disposition of Peakstone Realty Trust equity in connection with a merger. 12,823 common shares and unvested restricted stock units were cancelled and converted into cash rights at $21.00 per share, leaving no directly held shares after the transaction.
Was Mai Qiyan’s Peakstone (PKST) Form 4 transaction an open-market sale?
No, the Form 4 describes a disposition to the issuer as part of a merger. Shares and unvested restricted stock units were cancelled and converted into cash at $21.00 per share, rather than being sold on the open market to third-party buyers.
What are Mai Qiyan’s Peakstone Realty Trust (PKST) holdings after the reported Form 4 transaction?
After the merger-related disposition, Mai Qiyan reported owning 0 shares of Peakstone Realty Trust common stock directly. The cancellation and cash conversion of shares and unvested restricted stock units eliminated the previously reported direct equity position in the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
