Seven Hills director withholds 8,115 shares for tax
SEVN director had 8,115 vested shares withheld for tax payment and now holds 118,244 shares directly.
Rhea-AI Filing Summary
Seven Hills Realty Trust (SEVN) director Jordan Matthew P. reported a disposition of 8,115 Common Shares of Beneficial Interest on September 17, 2026. The shares were withheld to pay tax liability in connection with vesting under Rule 16b-3, at an indicated value of $7.40 per share. After this withholding, the director continues to hold 118,244 shares directly. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
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Insider Trade Summary
Tax Withholding: 8,115 shares
Tax Withholding
1 txn
Insider
Jordan Matthew P.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares of Beneficial Interest F1 | 8,115 | $7.40 | $60K |
Holdings After Transaction:
Common Shares of Beneficial Interest — 118,244 shares (Direct)
Footnotes (1)
- F1. Payment of tax liability by withholding securities incident to the vesting of the security issued in accordance with Rule 16b-3.
Key Figures
Shares withheld for tax liability: 8,115 shares
Indicated value per share: $7.40 per share
Shares held after transaction: 118,244 shares
3 metrics
Shares withheld for tax liability
8,115 shares
Common Shares of Beneficial Interest disposed on September 17, 2026
Indicated value per share
$7.40 per share
Value used for the tax-withholding disposition
Shares held after transaction
118,244 shares
Direct holdings following the September 17, 2026 transaction
Key Terms
Common Shares of Beneficial Interest, Rule 16b-3, withholding securities, Rule 10b5-1
4 terms
Rule 16b-3 regulatory
"withholding securities incident to the vesting of the security issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
withholding securities financial
"Payment of tax liability by withholding securities incident to the vesting"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SEVN director Jordan Matthew P. report?
He reported a disposition of 8,115 Common Shares of Seven Hills Realty Trust on September 17, 2026, in connection with payment of tax liability by withholding securities upon vesting under Rule 16b-3.
Was the SEVN insider Form 4 transaction an open-market sale?
No. The Form 4 states the shares were withheld to pay tax liability incident to vesting, categorized as a code F transaction, not an open-market purchase or sale, and no Rule 10b5-1 trading plan is reported.
Does this SEVN Form 4 involve any derivative securities or options?
No. The reported transaction involves non-derivative Common Shares of Beneficial Interest only, and the derivative holdings section shows no derivative transactions in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.