Seven Hills (SEVN) Form 4: Tax-Related Withholding Sale by President/CIO

Rhea-AI Filing Summary

Thomas J. Lorenzini, President and CIO of Seven Hills Realty Trust (SEVN), reported a single transaction on 09/16/2025 in a Form 4 filing. He disposed of 1,333 common shares at an indicated price of $10.95 per share through a transaction coded F(1), which the filer explains as withholding shares to pay tax liability upon vesting. After the transaction Lorenzini beneficially owned 24,996 common shares, held directly. The filing is signed 09/18/2025 and shows this was reported by one reporting person.

Positive

• Transparent disclosure of the transaction by the reporting person with explanatory note
• Transaction coded F(1) clarifies the sale was for tax withholding tied to vesting
• Remaining direct ownership disclosed as 24,996 common shares

Negative

• Disposition of 1,333 shares reduced the reporting person's direct stake
• Price disclosed ($10.95) may reflect realized value for the withheld shares (no market context provided)

Insights

Financial Analyst

TL;DR: Insider executed a routine withholding sale of vested shares, modestly reducing direct holdings to 24,996 shares.

The Form 4 shows a tax-withholding disposition (code F(1)) of 1,333 shares at $10.95 on 09/16/2025. This is a common administrative action tied to equity compensation vesting rather than an open-market sale for liquidity. The remaining direct stake is reported as 24,996 shares. For investors, this transaction documents share movement by a senior executive but contains no indication of opportunistic selling beyond satisfying tax obligations.

Corporate Governance Expert

TL;DR: Transaction appears compliant and routine, reflecting tax withholding on vested awards rather than discretionary disposition.

The disclosure includes required details: reporting person identity, relationship (President and CIO), transaction date, quantity disposed, price, and an explanatory note specifying tax withholding under Rule 16b-3. The form is singular and timely-signed. From a governance perspective, the filing meets Section 16(a) transparency expectations; no governance or compliance concerns are apparent from the data provided.

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

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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).

1. Name and Address of Reporting Person^*

Lorenzini Thomas J.

(Last) (First) (Middle)

TWO NEWTON PLACE,

255 WASHINGTON STREET SUITE 300

(Street)

NEWTON MA 02458

(City) (State) (Zip)

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

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

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

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 Shares of Beneficial Interest	09/16/2025		F(1)		1,333	D	$10.95	24,996	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. Payment of tax liability by withholding securities incident to the vesting of the security issued in accordance with Rule 16b-3.

	/s/ Thomas J. Lorenzini	09/18/2025
	** 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 Thomas J. Lorenzini report on Form 4 for SEVN?

He reported a disposition of 1,333 common shares on 09/16/2025 at a price of $10.95 per share, with 24,996 shares remaining beneficially owned.

Why were the 1,333 SEVN shares disposed of (transaction code F(1))?

The filer explains this was payment of tax liability by withholding securities incident to the vesting of the security, per the explanation on the Form 4.

What is Thomas Lorenzini's role at Seven Hills Realty Trust (SEVN)?

He is reported as President and CIO and the Form 4 is filed by one reporting person.

When was the Form 4 signed and filed?

The signature on the Form 4 is dated 09/18/2025, and the transaction date reported is 09/16/2025.

How many SEVN shares does Lorenzini beneficially own after the transaction?

The Form 4 reports 24,996 common shares beneficially owned following the reported transaction.