[Form 4] RMR GROUP INC. Insider Trading Activity

Rhea-AI Filing Summary

Christopher J. Bilotto, Executive Vice President of The RMR Group LLC and officer of RMR Group Inc. (RMR), reported a transaction dated 09/16/2025 in which he disposed of 1,983 shares of Class A common stock at a price of $17.28 per share. Following the transaction he beneficially owned 19,032 shares directly. The Form 4 filing, signed on 09/18/2025, states the disposal reflected withholding of shares to pay tax liability incident to the vesting of securities under Rule 16b-3.

Positive

• Timely and compliant disclosure of the insider transaction with a signed Form 4 filed on 09/18/2025
• Transaction tied to tax withholding on vested awards, indicating the sale was administrative rather than a voluntary open-market sale

Negative

• Reduction in direct beneficial ownership by 1,983 shares, leaving 19,032 shares owned after the transaction

Insights

Financial Analyst

TL;DR: Routine insider tax-withholding sale; small reduction in direct ownership, no new options or derivative activity reported.

The Form 4 discloses a non-derivative sale of 1,983 Class A shares at $17.28 each executed 09/16/2025, with 19,032 shares reported as beneficially owned after the transaction. The explanation specifies the sale was to satisfy tax withholding on vested awards rather than an open-market discretionary sale. For investors this reads as a non-economic change to share count from an executive compensation event rather than a liquidity-driven exit.

Corporate Governance Expert

TL;DR: Filing appears compliant and timely; transaction aligns with standard Rule 16b-3 vesting practices.

The report is signed and filed within the typical Section 16 reporting window and includes the required explanatory statement that shares were withheld to cover tax obligations tied to vesting. No amendments or derivative transactions were disclosed. From a governance standpoint, this is routine disclosure demonstrating adherence to insider-reporting requirements.

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^*

Bilotto Christopher J.

(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. [ 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		1,983	D	$17.28(1)	19,032	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/ Christopher J. Bilotto	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.

FAQ

What transaction did Christopher J. Bilotto report for RMR on Form 4?

He reported a disposition of 1,983 Class A shares executed on 09/16/2025 at a price of $17.28 per share.

Why were the shares disposed according to the filing?

The filing states the shares were withheld to pay tax liability incident to the vesting of securities under Rule 16b-3.

How many RMR shares does Bilotto beneficially own after the reported transaction?

He beneficially owned 19,032 shares following the reported transaction.

When was the Form 4 for this transaction signed and filed?

The Form 4 is signed by Christopher J. Bilotto on 09/18/2025.

Did the Form 4 disclose any derivative securities or option activity?

No. Table II for derivative securities contains no entries; only a non-derivative disposition is reported.