[Form 4] Seaport Entertainment Group Inc. Insider Trading Activity

Rhea-AI Filing Summary

Hirsh David Z., a director of Seaport Entertainment Group Inc. (SEG), was granted 998 shares of common stock on 09/16/2025 under the company’s 2024 Equity Incentive Plan as part of the Independent Director Compensation Program. The shares were recorded at a $0 price and increase his reported beneficial ownership to 4,897 shares following the transaction.

The Form 4 was filed as a single reporting person filing and is signed by an attorney-in-fact on behalf of the reporting person. The filing’s explanation states the grant arose from the standard director compensation program; no derivative transactions or other dispositions are reported in this filing.

Positive

• Director received equity compensation aligning interests with shareholders via the 2024 Equity Incentive Plan
• Timely disclosure filed by one reporting person and signed by attorney-in-fact on 09/17/2025

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director equity grant recorded; increases insider ownership modestly without cash consideration.

The Form 4 documents a non-cash equity award of 998 common shares to a company director under the company’s established equity incentive plan for independent directors. This is a customary governance practice to align director interests with shareholders. The filing shows the grant price as $0 and reports total beneficial ownership of 4,897 shares after the grant. There are no exercised options, dispositions, or derivative positions disclosed, and the transaction appears administrative rather than indicative of material strategic change.

Securities Compliance Analyst

TL;DR: Filing is a standard Section 16 disclosure of a director compensation grant; no compliance concerns shown.

The Form 4 lists a timely disclosure of an equity award granted 09/16/2025 with reporting by one individual. The explanation ties the grant to the 2024 Equity Incentive Plan and the Independent Director Compensation Program, consistent with typical Section 16 reporting obligations. The signature is by an attorney-in-fact dated 09/17/2025. The document does not present information about derivative securities, cash payments, or amendments, and contains no indications of reporting errors or omitted transactions within the presented content.

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).

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^*

Hirsh David Z.

(Last) (First) (Middle)

199 WATER STREET

28TH FLOOR

(Street)

NEW YORK NY 10038

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Seaport Entertainment Group Inc. [ SEG ]

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)
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
Common Stock	09/16/2025		A		998(1)	A	$0	4,897	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. The common stock was granted under the Seaport Entertainment Group Inc. 2024 Equity Incentive Plan, pursuant to the Seaport Entertainment Group Inc. Independent Director Compensation Program.

	/s/ Lucy Fato, Attorney-in-Fact	09/17/2025
	** 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 Hirsh David Z. report on Form 4 for SEG?

The filing reports a grant of 998 shares of SEG common stock on 09/16/2025 under the 2024 Equity Incentive Plan.

How many SEG shares does Hirsh David Z. beneficially own after the reported transaction?

The Form 4 reports 4,897 shares beneficially owned following the 09/16/2025 grant.

What was the price reported for the shares granted to Hirsh David Z.?

The shares were reported with a price of $0 in the Form 4 entry.

Under what program were the shares granted to the director?

The shares were granted under the Seaport Entertainment Group Inc. 2024 Equity Incentive Plan pursuant to the Independent Director Compensation Program.

Who signed the Form 4 filing and when?

The Form 4 is signed by /s/ Lucy Fato, Attorney-in-Fact with the signature date 09/17/2025.