[Form 4] Plymouth Industrial REIT, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Plymouth Industrial REIT’s CEO and director Jeffrey E. Witherell reported the disposition of 437,682 shares of common stock on January 27, 2026. The shares were converted into the right to receive $22.00 per share in cash under a previously signed Agreement and Plan of Merger.

At the effective time of the merger between Plymouth Industrial REIT, Inc. and PIR Industrial REIT LLC, each share held by Witherell was exchanged for the cash merger consideration, leaving him with zero shares beneficially owned after the transaction, subject to applicable withholding taxes.

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

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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^*

Witherell Jeffrey E

(Last) (First) (Middle)

20 CUSTOM HOUSE STREET, 11TH FLOOR

(Street)

BOSTON MA 02110

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Plymouth Industrial REIT, Inc. [ PLYM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

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

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

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

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	01/27/2026		D		437,682	D	$22(1)	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 the Issuer's common stock, par value $0.01 per share (the "Shares"), disposed of in connection with the Agreement and Plan of Merger, dated as of October 24, 2025 (the "Merger Agreement"), by and among the Issuer, Plymouth Industrial OP, LP, PIR Ventures LP, PIR Industrial REIT LLC ("REIT Merger Sub"), and PIR Industrial OP LLC. In accordance with the Merger Agreement, at the effective time of the merger of the Issuer with and into REIT Merger Sub (the "REIT Merger"), each Share held by the reporting person was converted into the right to receive an amount in cash equal to $22.00 (the "Merger Consideration"), without interest and subject to any required withholding taxes.

	/s/ Anthony Saladino, as attorney-in-fact for Jeffrey E. Witherell	01/28/2026
	** 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.

FAQ

What insider transaction did PLYM CEO Jeffrey E. Witherell report?

Jeffrey E. Witherell reported disposing of 437,682 shares of Plymouth Industrial REIT common stock. The shares were converted into a cash payment of $22.00 per share in connection with a merger, leaving him with no shares beneficially owned afterward.

At what price were Jeffrey E. Witherell’s PLYM shares converted?

Each share was converted into the right to receive $22.00 in cash. This amount was defined as the merger consideration under the Agreement and Plan of Merger and is subject to any required withholding taxes at closing.

Why did the PLYM CEO dispose of 437,682 shares in this Form 4?

The disposition resulted from a merger involving Plymouth Industrial REIT, Inc. Under the merger agreement, each share held by Jeffrey E. Witherell was automatically converted into a cash right for $22.00 per share at the effective time of the transaction.

How many PLYM shares does Jeffrey E. Witherell own after this transaction?

Following the reported transaction, Jeffrey E. Witherell beneficially owns 0 shares of Plymouth Industrial REIT common stock. His entire reported position of 437,682 shares was converted into the right to receive cash merger consideration under the merger agreement.

What merger is referenced in Jeffrey E. Witherell’s PLYM Form 4 filing?

The filing references an Agreement and Plan of Merger dated October 24, 2025. It involves Plymouth Industrial REIT, Inc., Plymouth Industrial OP, LP, PIR Ventures LP, PIR Industrial REIT LLC, and PIR Industrial OP LLC, with shares converted into $22.00 per share in cash at closing.

What roles does Jeffrey E. Witherell hold at Plymouth Industrial REIT (PLYM)?

Jeffrey E. Witherell is identified as both a director and an officer of Plymouth Industrial REIT, Inc., serving as CEO. The Form 4 reflects his status as a reporting person disposing of shares in connection with the merger transaction.