Director exits Sila Realty (SILA) as shares cancelled for $30.38 cash

Rhea-AI Filing Summary

Sila Realty Trust, Inc. director Adrienne Kirby reported a disposition of 17,053 shares of common stock in connection with the company’s merger. According to the filing, these shares, including unvested restricted stock, were cancelled and converted into the right to receive $30.38 per share in cash at the merger’s effective time. After this issuer-related cancellation and cash-out, Kirby no longer holds Sila Realty Trust common stock.

Insights

Corporate governance analyst

Director’s stake is cashed out via merger-related share cancellation.

The filing shows Adrienne Kirby, a director of Sila Realty Trust, Inc., disposing of 17,053 common shares through a disposition to issuer. A footnote explains that both vested and unvested shares were cancelled in exchange for $30.38 per share in cash under a previously disclosed Merger Agreement.

This is a merger-driven cash-out, not an open-market trade, and Kirby’s post-transaction holding is zero shares. The event reflects completion mechanics of the merger consideration for this director rather than a discretionary buy or sell decision.

Insider Trade Summary

Net Seller: 17,053 shares

Net Sell 1 txn

Insider Kirby Adrienne

Role Director

Type	Security	Shares	Price	Value
Disposition	Common Stock	17,053	$30.38	$518K

Holdings After Transaction: Common Stock — 0 shares (Direct)

Footnotes (1)

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: 17,053 shares Cash consideration per share: $30.38 per share Post-transaction holdings: 0 shares

3 metrics

Shares disposed 17,053 shares Common stock cancelled in disposition to issuer

Cash consideration per share $30.38 per share Merger-related cash payment for each cancelled share

Post-transaction holdings 0 shares Director’s direct ownership after merger-related cancellation

Key Terms

Disposition to issuer, unvested restricted stock, Merger Agreement, Effective Time

4 terms

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer""

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 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.

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 did Sila Realty Trust (SILA) director Adrienne Kirby report in this Form 4?

Adrienne Kirby reported a disposition of 17,053 shares of Sila Realty Trust common stock. These shares were cancelled and converted into a cash right at $30.38 per share under a merger agreement, leaving her with no remaining shares.

Was the Sila Realty Trust (SILA) Form 4 a market sale by the director?

No, it was not a market sale. The Form 4 shows a disposition to the issuer, where Kirby’s shares were cancelled and exchanged for $30.38 per share in cash as part of the merger terms, rather than sold on the open market.

How many Sila Realty Trust (SILA) shares did the director dispose of and at what price?

The director disposed of 17,053 shares of Sila Realty Trust common stock. Under the merger agreement, each share, including unvested restricted stock, was cancelled and converted into the right to receive $30.38 per share in cash at the effective time.

Does Adrienne Kirby still own Sila Realty Trust (SILA) shares after this transaction?

No. The Form 4 states that following the disposition to the issuer, Adrienne Kirby’s direct ownership of Sila Realty Trust common stock is zero shares. All reported shares, including unvested restricted stock, were cancelled and cashed out at $30.38 per share under the merger.

What does the footnote in the Sila Realty Trust (SILA) Form 4 explain about the transaction?

The footnote explains that the reported shares and unvested restricted stock were cancelled and converted into a cash right of $30.38 per share at the merger’s effective time. This treatment followed the Merger Agreement described in Sila Realty Trust’s proxy statement filed on May 22, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/01/2026 - 04:09 PM Accepted by SEC EDGAR 07/01/2026 - 04:09 PM Learn about SEC filing dates

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

X

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^*

Kirby Adrienne

(Last) (First) (Middle)

1001 WATER STREET

SUITE 800

(Street)

TAMPA FLORIDA 33602

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Sila Realty Trust, Inc. [ SILA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2026		D(1)		17,053	D	$30.38	0	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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 on May 22, 2026.

	/s/ Kay C. Neely, Attorney-In-Fact	07/01/2026
	** 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)