Seven Hills exec withholds 2,732 shares for tax

Seven Hills Realty Trust’s President and CIO used 2,732 vested shares to cover tax obligations, leaving him with 57,022 directly held shares.

Available on EDGAR 09/18/2026 - 03:58 PM EDT Accepted by SEC EDGAR 09/18/2026 - 03:56 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Seven Hills Realty Trust (SEVN) reported that President and CIO Thomas J. Lorenzini had 2,732 Common Shares of Beneficial Interest withheld on September 17, 2026 to pay a tax liability, valued at $7.40 per share. After this tax-withholding disposition, he holds 57,022 shares directly. The transaction was a share withholding incident to vesting in accordance with Rule 16b-3, and no Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Tax Withholding: 2,732 shares

Tax Withholding 1 txn

Insider Lorenzini Thomas J.

Role President and CIO

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares of Beneficial Interest F1	2,732	$7.40	$20K

Holdings After Transaction: Common Shares of Beneficial Interest — 57,022 shares (Direct)

Holdings Before and After: Common Shares of Beneficial Interest, 59,754 to 57,022 shares (Direct)

Footnotes (1)

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: 2,732 shares Per-share value used for withholding: $7.40 per share Shares held after transaction: 57,022 shares +2 more

5 metrics

Shares withheld for tax liability 2,732 shares Common Shares of Beneficial Interest on September 17, 2026

Per-share value used for withholding $7.40 per share Value applied to the 2,732 withheld shares

Shares held after transaction 57,022 shares Directly held by Thomas J. Lorenzini after tax-withholding disposition

Shares used for exercise price or tax liability 2,732 shares Aggregate shares reported under transaction code F

Transaction date September 17, 2026 Date of the tax-withholding disposition

Key Terms

Rule 16b-3, tax liability, withholding securities

3 terms

Rule 16b-3 regulatory

"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.

tax liability financial

"Payment of tax liability by withholding securities incident to the vesting"

withholding securities financial

"Payment of tax liability by withholding securities incident to the vesting"

FAQ

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

What insider transaction did SEVN report for Thomas J. Lorenzini?

SEVN reported that Thomas J. Lorenzini had 2,732 common shares withheld on September 17, 2026 to pay a tax liability associated with vesting, rather than selling shares in the open market.

At what price were the SEVN shares valued for the tax withholding?

The withheld SEVN shares were valued at $7.40 per share for the purpose of paying the reported tax liability connected to the vesting of the security.

How many SEVN shares does Thomas J. Lorenzini hold after this transaction?

Following the tax-withholding transaction, Thomas J. Lorenzini directly holds 57,022 common shares of beneficial interest in Seven Hills Realty Trust.

Was the SEVN insider transaction made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported for this transaction; it is described as share withholding to satisfy a tax liability upon vesting.

What is the nature of the SEVN Form 4 transaction code F?

Transaction code F on the SEVN Form 4 represents payment of tax liability by delivering or withholding securities, here applied to 2,732 shares withheld incident to the vesting of the security under Rule 16b-3.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Lorenzini Thomas J.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

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	09/17/2026		F(1)		2,732	D	$7.4	57,022	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	09/18/2026
	** 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)