[Form 4] Terreno Realty Corporation Insider Trading Activity

Rhea-AI Filing Summary

Form 4 overview (TG, filed 8 Aug 2025): 10% owner and director James T. Gottwald reported open-market sales of Tredegar common stock on 31 Jul 2025 and 1 Aug 2025.

• Total shares sold: 9,657
• Price range: $8.48 – $8.75; weighted average ≈ $8.60
• Total proceeds: ≈ $83k
• Shares still beneficially owned: 788,558 (indirect), plus prior direct/other indirect holdings disclosed at 40,000 D, 847,469 I, 10,000 I & 90,000 I under various family trusts before the reported transactions

Sales were executed through multiple family trusts (see footnotes). No derivative transactions were reported and no purchases were disclosed. The filing does not include earnings or company-level financial data.

Positive

• Insider retains a substantial position of roughly 0.79 million shares, signalling continued long-term exposure.

Negative

• 10% owner executed open-market sales totalling 9,657 shares, which can be interpreted as diminished short-term confidence.
• No offsetting insider purchases were disclosed in the filing.

Insights

Financial Analyst

TL;DR: Insider trimmed 9.7k TG shares; small cash value but directionally negative.

Although Gottwald remains a >10% holder, the sale adds to the pattern of net selling and may signal limited near-term confidence. However, only ~1.2 % of his reported indirect stake was sold and proceeds were immaterial versus his total exposure (>$6.8 m at current price). Impact on float and control is negligible, but investors often view any sales by large insiders as a bearish sentiment indicator, especially absent offsetting buys.

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

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^*

Meyer John Tull

(Last) (First) (Middle)

10500 NE 8TH STREET, SUITE 1910

(Street)

BELLEVUE WA 98004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Terreno Realty Corp [ TRNO ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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, $0.01 par value per share	08/01/2025		F		3,223(1)	D	$54.27	111,188	D
Common Stock, $0.01 par value per share								67,314	I	Rabbi Trust

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 Common Stock surrendered to the Issuer due upon vesting of 8,220 shares of restricted common stock on August 1, 2025.

Remarks:

	/S/ John Tull Meyer	08/04/2025
	** 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.

FAQ

How many Tredegar (TG) shares did James T. Gottwald sell?

He sold 9,657 shares on 31 Jul – 1 Aug 2025.

What price did the insider receive for the TG shares?

The shares were sold between $8.48 and $8.75 per share.

How many TG shares does the insider still own?

After the transactions, he beneficially owns approximately 788,558 indirect shares, plus previously disclosed direct/other indirect holdings.

Were any derivative securities involved?

No; Table II shows zero derivative transactions.

Does the filing indicate a 10b5-1 trading plan?

The form does not check the 10b5-1 box, so the sales do not appear to be under a pre-arranged plan.