RMR Form 4: Insider Withholds 1,851 Shares at $17.28

John G. Murray, Executive Vice President of The RMR Group LLC and a director of RMR Group Inc. (NASDAQ: RMR), reported a transaction on 09/16/2025 in a Form 4 filing.

Rhea-AI Filing Summary

John G. Murray, Executive Vice President of The RMR Group LLC and a director of RMR Group Inc. (NASDAQ: RMR), reported a transaction on 09/16/2025 in a Form 4 filing. The Form 4 shows 1,851 shares of Class A Common Stock were disposed of at $17.28 per share. The filing explains the disposition was the withholding of shares to satisfy tax liability upon vesting. After the withholding, Mr. Murray beneficially owned 39,672 shares reported as direct ownership. The form was signed on 09/18/2025.

Positive

• Transaction clearly explained as tax-withholding upon vesting, improving transparency
• Form 4 filed and signed promptly (transaction 09/16/2025; signature 09/18/2025)

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider tax-withholding sale; no evidence of discretionary trading or unusual timing.

The Form 4 documents a common post-vesting administrative disposition where 1,851 shares were withheld to cover tax obligations at $17.28 per share. This transaction is described explicitly as tax withholding and results in 39,672 shares remaining beneficially owned directly by the reporting person. From a governance perspective, these transactions are routine and transparent, and the filing meets Section 16(a) disclosure requirements. There is no indication in the filing of other sales, derivative activity, or coordinated group filings.

Securities Analyst

TL;DR: Non-material insider share withholding; does not alter ownership materially for investors.

The reported disposal of 1,851 Class A shares at $17.28 is explained as share-withholding for taxes related to vesting. The remaining direct beneficial ownership of 39,672 shares is disclosed. The size of the withholding relative to total reported holdings is small and the filing contains no derivative transactions or other disposals. This disclosure is informational and unlikely to be material to valuation or control considerations given the data provided.

Insider Trade Summary

Exercise Price or Tax Liability: 1,851 shares

Exercise Price or Tax Liability 1 txn

Insider MURRAY JOHN G.

Role Exec. VP of The RMR Group LLC

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	1,851	$17.28	$32K

Holdings After Transaction: Class A Common Stock — 39,672 shares (Direct)

Footnotes (1)

1. F1. Payment of tax liability by withholding securities incident to the vesting of the security issued in accordance with Rule 16b-3.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did John G. Murray report in the Form 4 for RMR (NASDAQ:RMR)?

The Form 4 reports the disposal of 1,851 Class A shares on 09/16/2025 at $17.28 per share, with 39,672 shares remaining beneficially owned.

Why were the 1,851 shares disposed of according to the filing?

The filing states the shares were withheld to pay tax liability incident to the vesting of securities.

What is John G. Murray's relationship to RMR?

He is reported as a Director and an Officer (Executive Vice President of The RMR Group LLC).

When was the Form 4 signed?

The Form 4 bears the reporting person's signature dated 09/18/2025.

Does the filing show any derivative transactions or other sales?

No. The filing contains only a non-derivative disposition of Class A Common Stock via withholding; Table II lists no derivative activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/18/2025 - 04:31 PM 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

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

MURRAY JOHN G.

(Last) (First) (Middle)

C/O THE RMR GROUP LLC TWO NEWTON PLACE

255 WASHINGTON STREET, SUITE 300

(Street)

NEWTON MA 02458

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RMR GROUP INC. [ NASDAQ:RMR ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec. VP of The RMR Group LLC

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

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
Class A Common Stock	09/16/2025		F		1,851	D	$17.28(1)	39,672	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. Payment of tax liability by withholding securities incident to the vesting of the security issued in accordance with Rule 16b-3.

	/s/ John G. Murray	09/18/2025
	** 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.