Was the 9,976-share SEVN transaction a market purchase or a compensation grant?

The 9,976-share transaction was a compensation grant, not a market purchase. The Form 4 notes it as a grant of common shares at a price of $0.0000 per share under Seven Hills Realty Trust’s equity compensation plan.

Adam Portnoy (SEVN) awarded 9,976 Seven Hills Realty shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

PORTNOY ADAM D. reported acquisition or exercise transactions in this Form 4 filing.

Seven Hills Realty Trust director and 10% owner Adam D. Portnoy received a grant of 9,976 Common Shares of Beneficial Interest on June 9, 2026 at no cost under the company’s equity compensation plan. This award increased his direct holdings to 338,985 common shares.

The filing also reports 4,756,323 common shares held indirectly, with interests attributed to entities including ABP Trust and Tremont Realty Capital LLC. Portnoy may be deemed a beneficial owner of these indirect holdings but disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider PORTNOY ADAM D.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares of Beneficial Interest	9,976	$0.00	--
holding	Common Shares of Beneficial Interest	--	--	--

Holdings After Transaction: Common Shares of Beneficial Interest — 338,985 shares (Direct, null); Common Shares of Beneficial Interest — 4,756,323 shares (Indirect, See Footnote)

Footnotes (1)

Transaction reported is grant of shares pursuant to issuer's equity compensation plan. 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. 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: 9,976 shares Grant price: $0.0000 per share Direct holdings after grant: 338,985 shares +3 more

6 metrics

Equity grant 9,976 shares Common Shares of Beneficial Interest granted on June 9, 2026

Grant price $0.0000 per share Equity compensation plan award

Direct holdings after grant 338,985 shares Common Shares of Beneficial Interest held directly after transaction

Indirect holdings summary 4,756,323 shares Common Shares of Beneficial Interest held indirectly

ABP Trust holdings 178,488 shares Common Shares held by ABP Trust; Portnoy-linked entity

Tremont Realty Capital LLC holdings 4,577,835 shares Common Shares held by TRC, an RMR Group subsidiary

Key Terms

equity compensation plan, Common Shares of Beneficial Interest, beneficial ownership, pecuniary interest, +1 more

5 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.

Common Shares of Beneficial Interest financial

"Common Shares of Beneficial Interest"

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

beneficial ownership financial

"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."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

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

indirect ownership financial

"Common Shares are held by Tremont Realty Capital LLC ("TRC")."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/10/2026 - 09:18 PM Accepted by SEC EDGAR 06/10/2026 - 09:17 PM

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)
06/09/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares of Beneficial Interest	06/09/2026		A		9,976	A	⁽¹⁾	338,985	D
Common Shares of Beneficial Interest								4,756,323	I	See Footnote⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	06/10/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Adam D. Portnoy report at Seven Hills Realty Trust (SEVN)?

Adam D. Portnoy reported receiving 9,976 Common Shares of Beneficial Interest in Seven Hills Realty Trust as a grant. The shares were issued at no cost under the company’s equity compensation plan as part of his director-related compensation.

How many Seven Hills Realty Trust (SEVN) shares does Adam D. Portnoy now hold directly?

After the reported grant, Adam D. Portnoy directly holds 338,985 Common Shares of Beneficial Interest in Seven Hills Realty Trust. This total reflects his position following the 9,976-share equity compensation award on June 9, 2026.

What indirect ownership in Seven Hills Realty Trust (SEVN) is associated with Adam D. Portnoy?

The filing reports 4,756,323 SEVN common shares held indirectly, including 178,488 shares by ABP Trust and 4,577,835 shares by Tremont Realty Capital LLC. Portnoy may be deemed a beneficial owner but disclaims beneficial ownership beyond his pecuniary interest.

How many insider acquisition transactions were reported in this Seven Hills Realty Trust Form 4?

The Form 4 reflects one acquisition transaction for Adam D. Portnoy, covering a 9,976-share grant. It also includes a separate holding entry summarizing his indirect ownership position through entities associated with him.