[Form 4] RMR GROUP INC. Insider Trading Activity

Rhea-AI Filing Summary

Jeffrey C. Leer, Executive Vice President of The RMR Group LLC and an officer of RMR Group Inc. (NASDAQ: RMR), reported a sale of Class A common stock. On 09/16/2025 he disposed of 1,111 shares at a price of $17.28 per share. The filing states the sale resulted from withholding to cover tax obligations tied to vested securities. After the transaction he beneficially owned 19,303 shares, reported as direct ownership. The Form 4 was signed on 09/18/2025 and filed by a single reporting person.

Insights

Financial Analyst

TL;DR: Routine insider tax-withholding sale; small position change unlikely to affect valuation.

The Form 4 discloses a non-derivative disposition of 1,111 Class A shares at $17.28 on 09/16/2025, executed as tax withholding for vested securities. The post-transaction beneficial ownership stands at 19,303 shares direct. This is a routine administrative sale rather than a sale driven by a liquidity event or major change in ownership. The size of the sale relative to reported ownership appears modest and does not indicate a material shift in insider exposure.

Corporate Governance Expert

TL;DR: Disclosure complies with Section 16 reporting; the transaction is consistent with standard insider tax practices.

The filing shows the reporting person checked applicable relationship boxes (director/officer) and filed as a single reporting person. The explanatory note clarifies the disposition was a tax-withholding action under Rule 16b-3. The Form 4 includes a manual signature date of 09/18/2025, meeting formal signature disclosure requirements. There are no indications of noncompliance or unusual arrangements in the reported entry.

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

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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^*

Leer Jeffrey C.

(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		1,111	D	$17.28(1)	19,303	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/ Jeffrey C. Leer	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 the RMR insider report in the Form 4?

The report shows a disposition of 1,111 Class A shares on 09/16/2025 at $17.28 per share.

Why were the shares sold according to the Form 4 for RMR?

The filing states the sale was due to payment of tax liability by withholding securities incident to vesting of issued securities.

How many RMR shares does the reporting person own after the reported transaction?

After the transaction the reporting person beneficially owned 19,303 shares reported as direct ownership.

Who filed the Form 4 and what is their role at RMR?

The Form 4 was filed by Jeffrey C. Leer, who is listed as an Executive Vice President of The RMR Group LLC and an officer/director of RMR Group Inc.

When was the Form 4 signed by the reporting person?

The signature block shows the reporting person signed the Form on 09/18/2025.