Seven Hills director granted 27K shares

Director and ten percent owner Adam D. Portnoy received an equity grant and now holds direct and indirect interests totaling several million SEVN shares.

Rhea-AI Filing Summary

Seven Hills Realty Trust (symbol: SEVN) is the issuer of record for a Form 4 filing submitted to the SEC. PORTNOY ADAM D. reported acquisition or exercise transactions in this Form 4 filing.

Seven Hills Realty Trust (SEVN) reported that director and ten percent owner Adam D. Portnoy received a grant of 27,247 Common Shares of Beneficial Interest on September 10, 2026, pursuant to the company’s equity compensation plan. Following this award, he holds 366,232 shares directly and has indirect interests in 4,756,323 shares through ABP Trust and Tremont Realty Capital LLC, with beneficial ownership of those indirect holdings disclaimed except for his pecuniary interests. No Rule 10b5-1 trading plan is reported for this grant.

Insider Trade Summary

Grant/Award: 27,247 shares

Grant/Award 2 txns

Insider PORTNOY ADAM D.

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Grant/Award	Common Shares of Beneficial Interest F1	27,247	--	--
holding	Common Shares of Beneficial Interest F2, F3	--	--	--

Holdings After Transaction: Common Shares of Beneficial Interest — 366,232 shares (Direct); Common Shares of Beneficial Interest — 4,756,323 shares (Indirect, See Footnotes)

Footnotes (3)

1. F1. Transaction reported is grant of shares pursuant to issuer's equity compensation plan.
2. F2. 178,488 Common Shares are held by ABP Trust. Mr. Portnoy is a holder of shares of beneficial interest in, and the sole trustee of, ABP Trust. Mr. Portnoy may be deemed to be a beneficial owner of the Common Shares owned directly by ABP Trust, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.
3. F3. 4,577,835 Common Shares are held by Tremont Realty Capital LLC ("TRC"). TRC is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned subsidiary of The RMR Group Inc. ("RMR Inc."), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is also a beneficial owner and a director of TRC, RMR LLC and RMR Inc. and Mr. Portnoy may be deemed to beneficially own the Common Shares owned directly by TRC, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.

Key Figures

Equity grant shares: 27,247 shares Direct holdings after grant: 366,232 shares Total indirect holdings: 4,756,323 shares +2 more

5 metrics

Equity grant shares 27,247 shares Common Shares of Beneficial Interest granted on September 10, 2026 under equity compensation plan

Direct holdings after grant 366,232 shares Common Shares of Beneficial Interest directly owned by Adam D. Portnoy following the grant

Total indirect holdings 4,756,323 shares Common Shares of Beneficial Interest reported as indirectly owned through ABP Trust and Tremont Realty Capital LLC

ABP Trust holdings 178,488 shares Common Shares held by ABP Trust, for which Portnoy is sole trustee and may be deemed a beneficial owner

Tremont Realty Capital LLC holdings 4,577,835 shares Common Shares held by Tremont Realty Capital LLC, a subsidiary of The RMR Group LLC

Key Terms

equity compensation plan, beneficial owner, pecuniary interest

3 terms

equity compensation plan financial

"Transaction reported is grant of shares pursuant to issuer's equity compensation plan"

A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.

beneficial owner financial

"Mr. Portnoy may be deemed to be a beneficial owner of the Common Shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

pecuniary interest financial

"disclaims such beneficial ownership except to the extent of his pecuniary interest therein"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did SEVN director Adam D. Portnoy report on this Form 4?

He reported a grant of 27,247 Common Shares of Beneficial Interest on September 10, 2026, received pursuant to Seven Hills Realty Trust’s equity compensation plan. This was recorded as an acquisition of non-derivative securities.

How many SEVN shares does Adam D. Portnoy hold directly after this grant?

After the September 10, 2026 grant, Adam D. Portnoy directly holds 366,232 Common Shares of Beneficial Interest of Seven Hills Realty Trust. These are reported as directly owned, non-derivative holdings.

What indirect SEVN share holdings are associated with Adam D. Portnoy?

Indirectly, 4,756,323 Common Shares are reported, including 178,488 shares held by ABP Trust and 4,577,835 shares held by Tremont Realty Capital LLC. Portnoy may be deemed a beneficial owner but disclaims beneficial ownership except for his pecuniary interest.

Were the SEVN share transactions under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked as affirming such a plan, and the grant of 27,247 shares is described simply as awarded under the equity compensation plan.

What entities hold SEVN shares related to Adam D. Portnoy’s indirect ownership?

Two entities hold related shares: ABP Trust, which holds 178,488 shares, and Tremont Realty Capital LLC, which holds 4,577,835 shares. Portnoy is trustee or an executive/owner of these entities and disclaims beneficial ownership beyond his pecuniary interest.

What is the nature of the SEVN equity grant reported for Adam D. Portnoy?

The filing states that the transaction is a grant of shares pursuant to Seven Hills Realty Trust’s equity compensation plan. It is characterized as a grant, award, or other acquisition of non-derivative common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 04:43 PM Accepted by SEC EDGAR 09/14/2026 - 04:38 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

PORTNOY ADAM D.

(Last) (First) (Middle)

TWO NEWTON PLACE,

255 WASHINGTON STREET SUITE 300

(Street)

NEWTON MASSACHUSETTS 02458

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Seven Hills Realty Trust [ SEVN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Shares of Beneficial Interest	09/10/2026		A		27,247	A	(1)	366,232	D
Common Shares of Beneficial Interest								4,756,323	I	See Footnotes(2)(3)

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. Transaction reported is grant of shares pursuant to issuer's equity compensation plan.

2. 178,488 Common Shares are held by ABP Trust. Mr. Portnoy is a holder of shares of beneficial interest in, and the sole trustee of, ABP Trust. Mr. Portnoy may be deemed to be a beneficial owner of the Common Shares owned directly by ABP Trust, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.

3. 4,577,835 Common Shares are held by Tremont Realty Capital LLC ("TRC"). TRC is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned subsidiary of The RMR Group Inc. ("RMR Inc."), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is also a beneficial owner and a director of TRC, RMR LLC and RMR Inc. and Mr. Portnoy may be deemed to beneficially own the Common Shares owned directly by TRC, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.

	/s/ Adam D. Portnoy	09/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)