Vesta Real Estate (VTMX) CIO exits 51,001-share stake in open-market sale

Rhea-AI Filing Summary

Vesta Real Estate Corporation, S.A.B. de C.V. Chief Investment Officer Rodrigo Cueto Bosch reported an open-market sale of 51,001 ordinary shares of VTMX. The shares were sold at an average price of $3.41 per share, which a footnote equates to MXN$59.33 per ordinary share. Following this transaction, his directly held ordinary share position reported in this filing is 0 shares, and there are no remaining derivative holdings shown.

Insights

Insider trading analyst

CIO fully exited reported VTMX stake via open-market sale.

Chief Investment Officer Rodrigo Cueto Bosch sold 51,001 ordinary shares of Vesta Real Estate Corporation, S.A.B. de C.V. in an open-market transaction at $3.41 per share (MXN$59.33 per share in the footnote). This is a strong-signal sale because it is an active market decision.

After the sale, this filing shows 0 ordinary shares held directly and no remaining derivative positions. That means the CIO’s directly reported equity exposure in this security is eliminated in this Form 4, which some investors may view as a notable change in insider alignment. The filing does not reference any Rule 10b5-1 trading plan, so timing appears discretionary based on the provided data.

Insider Trade Summary

Net Seller: 51,001 shares

Net Sell 1 txn

Insider CUETO BOSCH RODRIGO

Role Chief Investment Officer

Sold 51,001 shs ($174K)

Type	Security	Shares	Price	Value
Sale	ORDINARY SHARES	51,001	$3.41	$174K

Holdings After Transaction: ORDINARY SHARES — 0 shares (Direct)

Footnotes (1)

1. F1. Exercise price represents a per ordinary share sale price of MXN$59.33.

Key Figures

Shares sold: 51,001 shares Sale price (USD): $3.41 per share Sale price (MXN): MXN$59.33 per share +2 more

5 metrics

Shares sold 51,001 shares Open-market sale of ordinary shares on May 20, 2026

Sale price (USD) $3.41 per share Average sale price for the 51,001 ordinary shares

Sale price (MXN) MXN$59.33 per share Per ordinary share sale price from Form 4 footnote

Shares after transaction 0 shares Total ordinary shares directly held after the sale

Net insider share change -51,001 shares transactionSummary netBuySellShares marked as net-sell

Key Terms

open-market sale, ORDINARY SHARES, Chief Investment Officer, transactionSummary

4 terms

open-market sale financial

"transaction_action is described as an open-market sale of ordinary shares"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ORDINARY SHARES financial

"security_title for the transaction is listed as ORDINARY SHARES"

Ordinary shares are a type of ownership stake in a company, giving shareholders a right to participate in the company’s profits and decision-making through voting. They are similar to owning a piece of a business, and their value can rise or fall based on the company's performance. Investors buy ordinary shares to potentially earn dividends and benefit from the company's growth over time.

Chief Investment Officer financial

"reporting person is identified with officer_title Chief Investment Officer"

A chief investment officer (CIO) is the person responsible for managing a company or organization’s investments and financial strategies. They make key decisions about where to put money to help grow wealth or achieve financial goals, much like a coach plans a team’s game strategy. Their work matters to investors because it influences how effectively an organization’s assets are used to generate returns.

transactionSummary financial

"transactionSummary shows netBuySellShares of -51001 and net-sell direction"

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/22/2026 - 05:10 PM Learn about SEC filing dates

FAQ

What insider transaction did Vesta Real Estate (VTMX) report for its CIO?

Vesta Real Estate’s Chief Investment Officer Rodrigo Cueto Bosch reported an open-market sale of 51,001 ordinary shares. The transaction was recorded on May 20, 2026, and is disclosed as a sale in the company’s ordinary shares rather than a derivative exercise or grant.

At what price did the VTMX Chief Investment Officer sell his shares?

The CIO sold 51,001 VTMX ordinary shares at an average price of $3.41 per share. A footnote states this corresponds to a per-share sale price of MXN$59.33, reflecting the Mexican peso value for each ordinary share in the transaction.

How many VTMX shares does the CIO hold after this reported sale?

After the reported transaction, the Form 4 shows the Chief Investment Officer directly holding 0 ordinary shares of VTMX. The filing’s total_shares_following_transaction field for this trade is 0.0000, indicating no remaining directly reported ownership in ordinary shares.

Does the VTMX CIO have any remaining options or derivatives after this sale?

The Form 4 derivativeSummary section is empty, indicating no derivative transactions were reported and no remaining derivative positions are shown. This suggests the filing does not list any outstanding options, warrants, or similar instruments for the CIO tied to VTMX shares.

Was the VTMX CIO sale classified as an open-market transaction?

Yes. The transaction is coded “S” and described as an open-market or private sale, with transaction_action labeled as an open-market sale. This distinguishes it from routine events like grants, tax withholdings, or gifts, which typically carry different transaction codes on Form 4.

What does the VTMX Form 4 say about the CIO’s net trading activity?

The transactionSummary reports one sale and no purchases, for net selling of 51,001 shares. NetBuySellShares is –51,001 with a “net-sell” direction, confirming that this filing only records a sale, without any offsetting acquisitions or exercises in VTMX stock.

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^*

CUETO BOSCH RODRIGO

(Last) (First) (Middle)

PASEO DE LOS TAMARINDOS NO. 90, TORRE 2

PISO 28, COL. BOSQUES DE LAS LOMAS

(Street)

CUAJIMALPA, MEXICO CITY CP 05120

(City) (State) (Zip)

MEXICO

(Country)

2. Issuer Name and Ticker or Trading Symbol
Vesta Real Estate Corporation, S.A.B. de C.V. [ VTMX ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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
ORDINARY SHARES	05/20/2026		S		51,001	D	$3.41(1)	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. Exercise price represents a per ordinary share sale price of MXN$59.33.

	/s/ RODRIGO CUETO BOSCH	05/22/2026
	** 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)