Sila Realty (SILA) director’s stock cashed at $30.38 in merger
Rhea-AI Filing Summary
Sila Realty Trust director Roger Sherwood Pratt reported a disposition of common stock in connection with the company’s merger. He surrendered 22,442 shares of common and unvested restricted stock, which were cancelled and converted into the right to receive $30.38 per share in cash at the merger’s Effective Time. Following this cash-out transaction, he no longer holds Sila Realty Trust common stock directly.
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Insights
Director’s shares were cashed out in a merger-related transaction, not an open-market sale.
The filing shows director Roger Sherwood Pratt disposed of 22,442 Sila Realty Trust common and unvested restricted shares. These were cancelled and converted into a cash right of $30.38 per share at the merger Effective Time, as described in the company’s merger agreement.
This is characterized as a disposition to issuer, driven by deal terms rather than discretionary trading. Because it is a mandatory merger cash-out and total holdings fall to zero, it primarily reflects completion of the transaction structure, with limited informational value about the director’s view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 22,442 | $30.38 | $682K |
Footnotes (1)
- F1. Represents shares of common stock and unvested restricted stock that were cancelled and converted into the right to receive an amount in cash equal to $30.38 per share at the Effective Time in accordance with the terms of the Merger Agreement as defined and disclosed in the Company's Proxy Statement filed with the Securities and Exchange Commission on May 22, 2026.
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