Plymouth Industrial REIT (PLYM) CFO converts 127,314 shares to $22 cash in merger

Rhea-AI Filing Summary

Anthony Saladino, President and CFO of Plymouth Industrial REIT, Inc., reported the disposition of 127,314 shares of common stock on January 27, 2026. The shares were converted into the right to receive $22.00 in cash per share under a previously signed merger agreement, leaving him with no directly owned common shares after the transaction.

The cash payment, called the Merger Consideration, was paid without interest and subject to applicable withholding taxes when Plymouth Industrial REIT merged with PIR Industrial REIT LLC’s merger subsidiary.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Saladino Anthony

Role President and CFO

Type	Security	Shares	Price	Value
Disposition	Common Stock	127,314	$22.00	$2.80M

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

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

Saladino Anthony

(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)

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

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		127,314	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	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 Anthony Saladino report for PLYM on January 27, 2026?

Anthony Saladino reported disposing of 127,314 Plymouth Industrial REIT common shares. The shares were converted to cash at $22.00 per share in connection with a completed merger, leaving him with zero directly owned common shares after the transaction.

What price per share did Anthony Saladino receive for his Plymouth Industrial REIT (PLYM) stock?

Anthony Saladino’s Plymouth Industrial REIT shares were converted into the right to receive $22.00 in cash per share. This fixed cash amount, called the Merger Consideration, was paid without interest and subject to any required withholding taxes under the merger agreement.

Why were Anthony Saladino’s Plymouth Industrial REIT (PLYM) shares disposed of?

The shares were disposed of as part of a merger involving Plymouth Industrial REIT. Under the merger agreement, each share he held automatically converted into a right to receive $22.00 in cash at the effective time of the merger with PIR Industrial REIT LLC’s subsidiary.

How many Plymouth Industrial REIT (PLYM) shares does Anthony Saladino hold after this Form 4 transaction?

Following the reported transaction, Anthony Saladino beneficially owned zero shares of Plymouth Industrial REIT common stock directly. All 127,314 reported shares were converted into the right to receive cash consideration under the terms of the completed merger agreement.

Was Anthony Saladino’s Form 4 sale in Plymouth Industrial REIT (PLYM) a market sale?

The disposition was not a typical open-market sale. Instead, Saladino’s 127,314 shares were converted to a fixed $22.00 cash amount per share automatically under a merger agreement when Plymouth Industrial REIT merged with an affiliate of PIR Industrial REIT LLC.