Sila Realty Trust (SILA) CEO has 290,310 shares cancelled for $30.38 in merger cash-out

Rhea-AI Filing Summary

Sila Realty Trust, Inc. President and CEO Michael A. Seton reported a disposition of company stock back to the issuer. A total of 290,310 shares of common stock, including unvested restricted stock, were cancelled and converted into the right to receive $30.38 per share under a Merger Agreement. Following this cash-out transaction, his reported direct holdings of common stock were reduced to zero. The filing also corrects a prior Form 4, clarifying that his beneficial ownership after earlier February transactions was 290,310 shares, not 290,876.

Insights

Equity compensation and M&A specialist

CEO equity cancelled for cash in merger-related transaction.

The CEO of Sila Realty Trust reported a disposition of 290,310 common shares back to the company at $30.38 per share. Footnotes state these shares, including unvested restricted stock, were cancelled and converted into cash under a Merger Agreement.

This is a company-initiated cash-out tied to a corporate transaction, not an open-market sale. After the disposition, his reported direct holdings dropped to zero, indicating his equity stake in this security class was fully cashed out in connection with the deal.

The filing also corrects an earlier administrative error in reported beneficial ownership, aligning records to 290,310 shares before this merger-related cancellation. Overall, this appears as mechanical merger consideration and data clean-up rather than a discretionary trading decision.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Seton Michael A

Role President and CEO

Type	Security	Shares	Price	Value
Disposition	Common Stock	290,310	$30.38	$8.82M

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

Footnotes (1)

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 290,876 shares. The correct total beneficial ownership following such transactions was 290,310.

Key Figures

Shares disposed: 290,310 shares Cash per share: $30.38 per share Post-transaction holdings: 0 shares +1 more

4 metrics

Shares disposed 290,310 shares Disposition to issuer under Merger Agreement

Cash per share $30.38 per share Cancellation consideration for common and unvested restricted stock

Post-transaction holdings 0 shares Total common stock directly held after disposition

Correct prior ownership 290,310 shares Beneficial ownership after February 4, 2026 transactions

Key Terms

Disposition to issuer, Merger Agreement, unvested restricted stock, beneficial ownership

4 terms

Disposition to issuer financial

"transaction_code_description: "Disposition to issuer""

Merger Agreement financial

"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.

unvested restricted stock financial

"Represents shares of common stock and unvested restricted stock that were cancelled"

beneficial ownership financial

"incorrectly reported the Reporting Person's beneficial ownership as 290,876 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.

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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

FAQ

What did Sila Realty Trust (SILA) disclose in this Form 4 for its CEO?

The Form 4 reports CEO Michael A. Seton’s 290,310 common shares were disposed of back to Sila Realty Trust at $30.38 per share under a Merger Agreement, cancelling his equity and converting it into cash consideration.

Was the Sila Realty Trust CEO’s Form 4 a market sale of SILA stock?

No, the Form 4 shows a disposition to the issuer, not an open-market sale. The CEO’s shares were cancelled and converted into the right to receive $30.38 per share as part of a Merger Agreement, rather than sold on an exchange.

How many Sila Realty Trust shares did the CEO dispose of and at what price?

Michael A. Seton reported the disposition of 290,310 shares of Sila Realty Trust common stock at an effective cash amount of $30.38 per share, with the shares cancelled under terms of a Merger Agreement and converted into cash rights.

What are the CEO’s Sila Realty Trust holdings after this Form 4 transaction?

After the reported disposition, the Form 4 lists the CEO’s direct holdings of Sila Realty Trust common stock as zero shares. The entire 290,310-share position, including unvested restricted stock, was cancelled and cashed out under the Merger Agreement terms.

Did this Sila Realty Trust Form 4 correct any prior reporting errors?

Yes. A footnote explains a prior Form 4 incorrectly stated beneficial ownership after February 4, 2026 transactions as 290,876 shares. The correct figure was 290,310 shares, which this filing clarifies before recording their merger-related cancellation.

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^*

Seton Michael A

(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
X	Officer (give title below)		Other (specify below)
	President and CEO

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)		290,310(2)	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 (the "SEC") on May 22, 2026.

2. 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 290,876 shares. The correct total beneficial ownership following such transactions was 290,310.

	/s/ Michael A. Seton	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)