Sila Realty director’s 14,795 shares cashed at $30.38
Sila Realty Trust, Inc. director Ann Mims Verett reported a disposition of 14,795 shares of common stock in connection with a merger.
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Form Type
4
Rhea-AI Filing Summary
Sila Realty Trust, Inc. director Ann Mims Verett reported a disposition of 14,795 shares of common stock in connection with a merger. At the Effective Time, these shares, including unvested restricted stock, were cancelled and converted into the right to receive $30.38 per share in cash. Following this transaction, she reported holding 0 shares of Sila Realty Trust common stock.
Insider Trade Summary
Disposition: 14,795 shares
Disposition
1 txn
Insider
Mims Verett Ann
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 14,795 | $30.38 | $449K |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
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.
Key Figures
Shares disposed: 14,795 shares
Cash per share: $30.38 per share
Post-transaction holdings: 0 shares
+1 more
4 metrics
Shares disposed
14,795 shares
Common stock cancelled and converted to cash at Effective Time
Cash per share
$30.38 per share
Merger consideration for cancelled common and unvested restricted stock
Post-transaction holdings
0 shares
Total Sila Realty Trust common stock held after disposition
Transaction code
D (Disposition to issuer)
Non-derivative transaction reported on Form 4
Key Terms
restricted stock, Merger Agreement, Effective Time, disposition to issuer
4 terms
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.
Merger Agreement regulatory
"in accordance with the terms of the Merger Agreement as defined"
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.
Effective Time regulatory
"converted into the right to receive an amount in cash equal to $30.38 per share at the Effective Time"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
disposition to issuer regulatory
"transaction_action": "issuer disposition""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Sila Realty Trust (SILA) report for Ann Mims Verett?
Sila Realty Trust reported that director Ann Mims Verett disposed of 14,795 shares of common stock. These shares were cancelled in a merger and converted into a right to receive cash, rather than being sold on the open market.
Was Ann Mims Verett’s Sila (SILA) transaction an open-market sale?
No, it was not an open-market sale. The Form 4 describes a disposition to the issuer where shares were cancelled and converted into cash consideration at $30.38 per share in connection with a merger, rather than sold through the market.
What role did the Merger Agreement play in the Sila (SILA) Form 4 transaction?
The Merger Agreement governed the treatment of Ann Mims Verett’s shares. It required that her common stock and unvested restricted stock be cancelled at the Effective Time and converted into a cash payment of $30.38 per share, as described in the proxy statement.
Did the Sila (SILA) Form 4 include unvested restricted stock for Ann Mims Verett?
Yes. The footnote explains that both common stock and unvested restricted stock were cancelled and converted into a right to receive $30.38 per share in cash at the Effective Time under the merger terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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