Peakstone director’s shares cashed out at $21 merger price
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Peakstone Realty Trust director Carrie DeWees disposed of her remaining common stock as part of a merger-related cash-out. On the Company Merger Effective Time, 17,648 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 transaction, DeWees reported holding no Peakstone common shares directly.
Insider Trade Summary
Disposition: 17,648 shares
Disposition
1 txn
Insider
DeWees Carrie
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 17,648 | $21.00 | $371K |
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: 17,648 shares
Cash per share: $21.00 per share
Shares after transaction: 0 shares
+1 more
4 metrics
Shares disposed
17,648 shares
Common stock and unvested RSUs cancelled at Company Merger Effective Time
Cash per share
$21.00 per share
Consideration for each cancelled share/RSU under Merger Agreement
Shares after transaction
0 shares
Direct Peakstone common stock holdings following the disposition
Transaction date
May 6, 2026
Form 4 transaction date for disposition to issuer
Key Terms
restricted stock units, Merger Agreement, Company Merger Effective Time, Disposition to issuer
4 terms
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 regulatory
"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 regulatory
"converted into the right to receive an amount in cash equal to $21.00 per share at the Company Merger Effective Time"
Disposition to issuer regulatory
"transaction_code_description": "Disposition to issuer""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Peakstone Realty Trust (PKST) report for Carrie DeWees?
Peakstone Realty Trust reported that director Carrie DeWees disposed of 17,648 shares of common stock and related unvested restricted stock units. These equity awards were cancelled at the Company Merger Effective Time and converted into a cash right under the Merger Agreement.
What does the Form 4 mean by a ‘Disposition to issuer’ for Peakstone (PKST)?
The Form 4 classifies the event as a “Disposition to issuer,” meaning the shares and unvested restricted stock units were surrendered back to Peakstone. In return, Carrie DeWees received a contractual cash right of $21.00 per share at the Company Merger Effective Time.
How is the Company Merger Effective Time relevant to this Peakstone (PKST) Form 4?
The Company Merger Effective Time is when Carrie DeWees’s Peakstone shares and unvested restricted stock units were cancelled and converted. At that moment, they became a right to receive $21.00 per share in cash, consistent with the Merger Agreement disclosed in the company’s proxy statement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
