Seven Hills Realty Trust (SEVN) director exercises rights for 21,195 shares
Rhea-AI Filing Summary
Seven Hills Realty Trust reported that a director acquired 21,195 common shares of beneficial interest on December 4, 2025 at a price of $8.65 per share. Following this transaction, the director directly owned 63,586 common shares.
The shares came from exercising 42,390 subscription rights at an exercise price of $8.65, under a pro rata rights offering that allowed record date shareholders to subscribe for up to 7,532,861 common shares. Each shareholder received one right per existing common share as of November 10, 2025, and could purchase one new share for every two rights held. This amended report corrects the number of subscription rights and corresponding common shares previously reported for this director.
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FAQ
What insider transaction did Seven Hills Realty Trust (SEVN) report in this Form 4/A?
A director of Seven Hills Realty Trust acquired 21,195 common shares of beneficial interest on December 4, 2025 by exercising subscription rights at a price of $8.65 per share.
How many SEVN shares does the director own after this transaction?
After the reported transaction, the director directly owned 63,586 common shares of beneficial interest in Seven Hills Realty Trust.
What were the key terms of Seven Hills Realty Trust's rights offering described in this report?
The company announced a pro rata rights offering for up to 7,532,861 common shares, granting record date shareholders one subscription right for each common share held as of November 10, 2025. Each holder could purchase one new common share for every two rights, and the offering expired on December 4, 2025.
What derivative securities did the SEVN director exercise in connection with this transaction?
The director exercised 42,390 subscription rights (a right to buy) with an exercise price of $8.65, resulting in the purchase of 21,195 underlying common shares. After the exercise, the director held zero subscription rights.
When were the subscription rights for Seven Hills Realty Trust exercisable and when did they expire?
The subscription rights became exercisable on November 10, 2025 and expired on December 4, 2025, matching the end date of the rights offering.
Why was this Seven Hills Realty Trust Form 4/A filed as an amendment?
This amended report was filed to correct the number of subscription rights and corresponding common shares of the company that were issued to the director in connection with the closing of the rights offering, replacing the version originally filed on December 8, 2025.