Sila Realty Trust (SILA) director stock cashed out at $30.38
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sila Realty Trust director Z Jamie Behar disposed of 14,795 common shares through a cancellation tied to the company’s merger. The shares, including unvested restricted stock, were converted at the Effective Time into the right to receive cash of $30.38 per share under the Merger Agreement, leaving no reported shares owned afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Behar Z Jamie
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)
- [object Object]
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 and unvested restricted stock canceled in merger
Cash per share
$30.38 per share
Merger consideration at the Effective Time
Post-transaction holdings
0 shares
Shares held after cancellation and cash conversion
Transaction code
D (Disposition to issuer)
Non-derivative common stock transaction classification
Key Terms
Disposition to issuer, unvested restricted stock, Merger Agreement, Effective Time
4 terms
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer" for common stock"
unvested restricted stock financial
"Represents shares of common stock and unvested restricted stock that were cancelled"
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.
FAQ
What insider transaction did Sila Realty Trust (SILA) report for Z Jamie Behar?
Z Jamie Behar reported a disposition of 14,795 shares of Sila Realty Trust common stock. The shares were canceled and converted into a cash right under the company’s Merger Agreement, rather than sold on the open market.
Was Z Jamie Behar’s Sila Realty Trust transaction an open-market sale?
No, the transaction was a disposition to the issuer in connection with a merger. The shares were canceled and converted into a cash payment right under the Merger Agreement, rather than sold through open-market trading or a brokerage transaction.