Sila Realty (SILA) CFO’s 131,297 shares cancelled and cashed out at $30.38
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sila Realty Trust executive vice president, CFO, treasurer and secretary Neely Kay C. reported an issuer disposition of 131,297 shares of common and unvested restricted stock. These shares were cancelled and converted into the right to receive $30.38 per share in cash under the company’s Merger Agreement, leaving her with no shares reported as of this transaction. The filing also corrects a prior Form 4, clarifying that earlier beneficial ownership was 131,297 shares rather than 131,540.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Neely Kay C.
Role
EVP CFO Treasurer & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 131,297 | $30.38 | $3.99M |
Holdings After Transaction:
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- 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 (the "SEC") on May 22, 2026. Due to an administrative error, the Form 4 filed by the Reporting Person with the SEC on February 6, 2026 reporting transactions that occurred on February 4, 2026 incorrectly reported the Reporting Person's beneficial ownership as 131,540 shares. The correct total beneficial ownership following such transactions was 131,297.
Key Figures
Shares disposed: 131,297 shares
Cash per share: $30.38 per share
Shares after transaction: 0 shares
+2 more
5 metrics
Shares disposed
131,297 shares
Common and unvested restricted stock cancelled at Effective Time
Cash per share
$30.38 per share
Cash consideration for each cancelled share under Merger Agreement
Shares after transaction
0 shares
Total shares beneficially owned following issuer disposition
Correct prior beneficial ownership
131,297 shares
Corrected figure for earlier Form 4 as of prior transactions
Transaction date
July 1, 2026
Date of issuer disposition of common stock
Key Terms
Merger Agreement, restricted stock, beneficial ownership, disposition to issuer
4 terms
Merger Agreement financial
"in accordance with the terms of the Merger Agreement as defined and disclosed"
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
restricted stock financial
"Represents shares of common stock and unvested restricted stock that were cancelled"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
beneficial ownership financial
"incorrectly reported the Reporting Person's beneficial ownership as 131,540 shares"
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.
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
FAQ
What insider transaction did Sila Realty Trust (SILA) report for Neely Kay C.?
Sila Realty Trust reported that executive Neely Kay C. disposed of 131,297 shares of common and unvested restricted stock. The shares were cancelled and converted into a cash right at $30.38 per share under the company’s Merger Agreement.
Was the Sila Realty Trust (SILA) Neely Kay C. transaction an open-market sale?
No, the transaction was a disposition to the issuer, not an open-market sale. Shares were cancelled and exchanged for a cash entitlement of $30.38 per share in connection with Sila Realty Trust’s Merger Agreement terms.
What correction to prior beneficial ownership did Sila Realty Trust (SILA) disclose for Neely Kay C.?
The filing corrects a prior Form 4 that overstated her beneficial ownership as 131,540 shares. It clarifies that the correct total beneficial ownership following the earlier transactions was 131,297 shares before the current disposition.