Vivmark director gifts 9,898 partnership units
VIVMARK RESIDENTIAL (VMRK) director David J. Neithercut reported multiple bona fide gifts involving a total of 9,898 Operating Partnership Units on September 9, 2026.
Rhea-AI Filing Summary
VIVMARK RESIDENTIAL (VMRK) director David J. Neithercut reported multiple bona fide gifts involving a total of 9,898 Operating Partnership Units on September 9, 2026. The gifts moved units among related holders, including a limited liability company he manages, grantor retained annuity trusts for his benefit, and his direct ownership. The units, previously reported as restricted, have automatically converted into Operating Partnership Units that are fully vested, transferable, and exchangeable on a one-for-one basis for common shares of beneficial interest of Vivmark Residential or, at the company’s option, for the cash value of those shares. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,898 shares gifted
Gift
8 txns
Insider
NEITHERCUT DAVID J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Operating Partnership Units F1, F2, F3 | 1,325 | $0.00 | $0.00 |
| Gift | Operating Partnership Units F2, F4 | 1,325 | $0.00 | $0.00 |
| Gift | Operating Partnership Units F5, F2, F4 | 1,322 | $0.00 | $0.00 |
| Gift | Operating Partnership Units F2 | 1,322 | $0.00 | $0.00 |
| Gift | Operating Partnership Units F1, F2, F3 | 1,325 | $0.00 | $0.00 |
| Gift | Operating Partnership Units F2, F4 | 1,325 | $0.00 | $0.00 |
| Gift | Operating Partnership Units F5, F2, F4 | 977 | $0.00 | $0.00 |
| Gift | Operating Partnership Units F2 | 977 | $0.00 | $0.00 |
Holdings After Transaction:
Operating Partnership Units — 11 contracts (Indirect, 2020 DN GRAT);
Operating Partnership Units — 85,420 contracts (Indirect, LLC);
Operating Partnership Units — 1,775 contracts (Indirect, 2020A DN GRAT);
Operating Partnership Units — 427,389 contracts (Direct)
Footnotes (5)
- F1. This transaction involved a gift of OP Units by a limited liability company of which the reporting person is the manager to a grantor retained annuity trust for the benefit of the reporting person.
- F2. The OP Units reflected in this report are previously reported Restricted Units which have automatically converted to OP Units per their terms. The OP Units do not expire and are fully vested, transferable and can be exchanged by the holder for common shares of Vivmark Residential (the "Company") on a one-for-one basis or, at the Company's option, for the cash value of such shares.
- F3. Represents OP Units beneficially owned by a limited liability company, of which the reporting person is the manager.
- F4. Represents OP Units beneficially owned by a grantor retained annuity trust for the benefit of the reporting person.
- F5. This transaction involved a gift of OP Units by a grantor retained annuity trust to the reporting person.
Key Figures
Operating Partnership Units gifted: 9,898 units
Gifted units in certain LLC-to-trust transfers: 1,325 units
Gifted units in certain trust-to-person transfers: 1,322 units
+3 more
6 metrics
Operating Partnership Units gifted
9,898 units
Aggregate bona fide gifts reported for September 9, 2026
Gifted units in certain LLC-to-trust transfers
1,325 units
Each of two reported gifts between an LLC managed by the director and a grantor retained annuity trust
Gifted units in certain trust-to-person transfers
1,322 units
Each of two reported gifts between a grantor retained annuity trust and the reporting person
Additional trust-related gifts
977 units
Each of two reported gifts involving a second grantor retained annuity trust and the reporting person
Reported gift price per Operating Partnership Unit
$0.00 per unit
All eight reported bona fide gift transactions on September 9, 2026
Exchange ratio for Operating Partnership Units
1 unit for 1 common share
Each Operating Partnership Unit can be exchanged for one common share or, at the company’s option, the cash value
Key Terms
Operating Partnership Units, grantor retained annuity trust, Restricted Units, beneficially owned
4 terms
Operating Partnership Units financial
"This transaction involved a gift of OP Units by a limited liability company"
Operating partnership units are ownership stakes in a limited partnership that typically sits under a real estate investment trust or similar corporate structure; each unit represents a claim on the partnership’s cash flow and assets and is often convertible into the parent company’s common shares. For investors, these units matter because they convey economic interest and potential voting influence, can be used to compensate managers, and may dilute or change the value of common shares — think of them as second-layer shares that interact with the main stock like shares in a holding company.
grantor retained annuity trust financial
"gift of OP Units by a limited liability company of which the reporting person is the manager to a grantor retained annuity trust"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Restricted Units financial
"previously reported Restricted Units which have automatically converted to OP Units per their terms"
beneficially owned financial
"Represents OP Units beneficially owned by a limited liability company"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did VMRK director David J. Neithercut report?
He reported bona fide gifts of 9,898 Operating Partnership Units on September 9, 2026, moving units among a limited liability company he manages, grantor retained annuity trusts for his benefit, and his direct holdings, all at a reported price of $0.00 per unit.
How many Vivmark Residential (VMRK) Operating Partnership Units were transferred and when?
A total of 9,898 Operating Partnership Units were reported as gifted on September 9, 2026. The filing lists eight derivative transactions, all coded as bona fide gifts of Operating Partnership Units linked to Vivmark Residential.
Who were the entities involved in the Vivmark (VMRK) Operating Partnership Unit gifts?
The gifts involved a limited liability company managed by David J. Neithercut, grantor retained annuity trusts for his benefit, and his direct ownership. Footnotes state that some units were gifted by the LLC to a trust and others by a trust to the reporting person.
Were the VMRK insider gifts made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan applies to these transactions, so the timing is not represented as being under a pre-arranged trading program.
Did David J. Neithercut receive cash for the Vivmark (VMRK) Operating Partnership Unit gifts?
No cash consideration is indicated. Each reported gift of Operating Partnership Units shows a price of $0.00 per unit, consistent with transfers characterized as bona fide gifts rather than market sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
