Plymouth Industrial REIT (PLYM) director’s 6,269 shares cashed out at $22 in merger

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Form Type

Rhea-AI Filing Summary

Plymouth Industrial REIT director Robert O. Stephenson reported the disposition of 6,269 shares of common stock on January 27, 2026. The shares were converted in connection with a merger, with each share exchanged for $22.00 in cash, before taxes and without interest. Following this transaction, Stephenson reported owning 0 shares of Plymouth Industrial REIT common stock.

Insider Trade Summary

Net Seller: 6,269 shares

Net Sell 1 txn

Insider STEPHENSON ROBERT O

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock	6,269	$22.00	$138K

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

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/28/2026 - 10:19 AM

FAQ

What insider transaction did PLYM director Robert O. Stephenson report?

Robert O. Stephenson reported disposing of 6,269 shares of Plymouth Industrial REIT common stock. The shares were converted into cash as part of a merger, with each share receiving $22.00, leaving him with zero shares afterward.

At what price were Robert O. Stephenson’s PLYM shares converted in the merger?

Each share of Plymouth Industrial REIT common stock held by Robert O. Stephenson was converted into the right to receive $22.00 in cash. This amount was paid without interest and subject to any required withholding taxes under the merger terms.

How many Plymouth Industrial REIT (PLYM) shares did Robert O. Stephenson dispose of?

He disposed of 6,269 shares of Plymouth Industrial REIT common stock. The disposition resulted from a merger transaction where his shares were converted into cash at $22.00 per share as specified in the merger agreement.

Does Robert O. Stephenson still own PLYM shares after this Form 4 transaction?

After the reported transaction, Robert O. Stephenson reported beneficial ownership of zero Plymouth Industrial REIT common shares. All 6,269 shares he held were converted into cash consideration at $22.00 per share in connection with the completed merger.

What corporate event triggered the Form 4 transaction for PLYM?

The transaction was triggered by a merger under an Agreement and Plan of Merger involving Plymouth Industrial REIT and related entities. At the merger’s effective time, each common share was converted into the right to receive $22.00 in cash.

What was the role of Robert O. Stephenson at Plymouth Industrial REIT (PLYM)?

Robert O. Stephenson was a director of Plymouth Industrial REIT, as indicated in the filing. The Form 4 reports his beneficial ownership change when his 6,269 common shares were converted into cash at $22.00 per share in the merger.

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

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^*

STEPHENSON ROBERT O

(Last)

(First)

(Middle)

20 CUSTOM HOUSE STREET, 11TH FLOOR

(Street)

BOSTON

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
	Officer (give title below)	Other (specify below)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/27/2026		D		6,269	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of the Issuer's common stock, par value $0.01 per share (collectively, 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 Robert O. Stephenson	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.

Source: View Original Filing on SEC EDGAR