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

Rhea-AI Filing Summary

Seaport Entertainment Group Inc. (SEG) – Form 4 insider filing

On 06/16/2025 director David Z. Hirsh received 1,279 shares of SEG common stock at $0.00 per share under the company’s 2024 Equity Incentive Plan and Independent Director Compensation Program. Following this grant, Hirsh owns 3,899 shares directly. The filing was signed by attorney-in-fact Lucy Fato on 06/27/2025.

No derivative securities were reported, and the transaction was a routine equity award rather than an open-market purchase or sale.

Insights

Financial Analyst

TL;DR: Routine director stock grant; minimal market impact.

The Form 4 discloses a standard equity compensation grant to director David Z. Hirsh. At 1,279 shares—bringing his direct holdings to 3,899—the transaction is immaterial relative to typical trading volumes and does not represent an open-market purchase. While insider acquisitions can signal confidence, this zero-cost award is scheduled compensation under the 2024 plan, so it carries limited informational value for investors. I view the disclosure as neutral from a valuation standpoint.

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)
06/16/2025

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	06/16/2025		A		1,279(1)	A	$0	3,899	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	06/27/2025
	** 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 did the SEG Form 4 filed on 06/27/2025 report?

It reported director David Z. Hirsh received 1,279 SEG shares on 06/16/2025 under the 2024 Equity Incentive Plan.

How many SEG shares does David Z. Hirsh now own?

After the transaction, Hirsh directly owns 3,899 shares of Seaport Entertainment Group Inc.

Was the insider transaction an open-market purchase?

No. The shares were granted at $0.00 cost as part of the Independent Director Compensation Program.

Does the filing include any derivative securities activity?

No derivative securities were reported in Table II of the Form 4.

Why is the transaction code listed as "A"?

Code "A" indicates an acquisition of securities, which in this case was a stock grant to the director.