Plymouth Industrial REIT director exits 47,069 shares

Plymouth Industrial REIT director John W. Guinee reported the cash-out of 47,069 common shares in connection with the company’s merger.

Rhea-AI Filing Summary

Plymouth Industrial REIT director John W. Guinee reported the cash-out of 47,069 common shares in connection with the company’s merger. On January 27, 2026, all of his shares were disposed of at $22.00 per share under a previously signed merger agreement.

Following the transaction, Guinee reported owning zero Plymouth Industrial REIT common shares in this account. The cash payment reflected the agreed merger consideration, paid without interest and subject to any required tax withholding as the company merged into PIR Industrial REIT LLC’s merger subsidiary.

Insights

Insider transactions analyst

Director’s shares are cashed out at $22 in a completed merger.

The filing shows director John W. Guinee disposing of 47,069 Plymouth Industrial REIT common shares at $22.00 per share on January 27, 2026. This occurs automatically under a merger agreement rather than as an open-market sale.

The footnote explains that each share was converted into the right to receive the cash merger consideration when Plymouth Industrial REIT merged into a PIR Industrial REIT LLC subsidiary. Future company disclosures, rather than this routine Form 4, will carry the main implications of the overall merger.

Insider Trade Summary

Disposition: 47,069 shares

Disposition 1 txn

Insider GUINEE JOHN W III

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock	47,069	$22.00	$1.04M

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

Footnotes (1)

1. F1. 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.

FAQ

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What insider transaction did Plymouth Industrial REIT (PLYM) report for John W. Guinee?

Plymouth Industrial REIT reported that director John W. Guinee disposed of 47,069 common shares. The shares were converted into a cash payment of $22.00 per share, following the terms of a previously signed merger agreement involving PIR Industrial REIT LLC affiliates.

Was the Plymouth Industrial REIT (PLYM) insider sale an open-market transaction?

No, the Plymouth Industrial REIT transaction was not an open-market sale. Director John W. Guinee’s 47,069 shares were automatically cashed out at $22.00 per share under a merger agreement when the company merged into a PIR Industrial REIT LLC subsidiary.

What price did Plymouth Industrial REIT (PLYM) shares receive in the merger for John W. Guinee?

Each Plymouth Industrial REIT share held by John W. Guinee received $22.00 in cash. This merger consideration was paid without interest and subject to any required withholding taxes, as specified in the October 24, 2025 merger agreement referenced in the filing.

How many Plymouth Industrial REIT (PLYM) shares does John W. Guinee own after this Form 4?

After the reported transaction, John W. Guinee reported owning zero Plymouth Industrial REIT common shares in this account. All 47,069 shares previously reported were disposed of for cash in connection with the consummation of the agreed merger terms.

What merger is referenced in the Plymouth Industrial REIT (PLYM) Form 4 footnote?

The footnote references a merger under an Agreement and Plan of Merger dated October 24, 2025. Plymouth Industrial REIT merged with and into PIR Industrial REIT LLC’s merger subsidiary, with each share converted into a right to receive $22.00 in cash for the holder.

What role does John W. Guinee hold at Plymouth Industrial REIT (PLYM) in this filing?

In this filing, John W. Guinee is identified as a director of Plymouth Industrial REIT. The Form 4 reports his director-level beneficial ownership change as his 47,069 common shares were converted into cash through the completed merger transaction at $22.00 per share.

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Accepted by SEC EDGAR 01/28/2026 - 10:17 AM Learn about SEC filing dates

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^*

GUINEE JOHN W III

(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
	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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/27/2026		D		47,069	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 (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 John W. Guinee	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.