Vesta Real Estate (VTMX) VP sells 30,000 ordinary shares, keeps 45,767

Rhea-AI Filing Summary

Vesta Real Estate Corporation, S.A.B. de C.V. officer Teodoro Hugo Diaz Estrada, VP Asset & Property Management, reported an open-market sale of 30,000 ordinary shares of VTMX at approximately $3.48 per share (MXN$60.27). After this transaction, he directly holds 45,767 ordinary shares.

Insights

Equity ownership & insider-transactions analyst

VTMX officer executes a routine open-market share sale.

The filing shows VP Asset & Property Management Teodoro Hugo Diaz Estrada sold 30,000 ordinary shares of VTMX in an open-market transaction at about $3.48 per share (MXN$60.27). The code S and description confirm this as a standard sale.

Following the sale, he directly holds 45,767 ordinary shares, so the transaction represents a partial reduction rather than a full exit from his position. There are no derivative positions listed, and no reference to a Rule 10b5-1 trading plan in the provided footnote.

As a single officer-level sale without broader context on company size or float, this looks like a notable but routine liquidity event. Its significance for investors depends on future patterns in his filings and any accompanying company developments disclosed in later reports.

Insider Trade Summary

Net Seller: 30,000 shares

Net Sell 1 txn

Insider Diaz Estrada Teodoro Hugo

Role VP ASSET & PROPERTY MANAGEMENT

Sold 30,000 shs ($104K)

Type	Security	Shares	Price	Value
Sale	ORDINARY SHARES	30,000	$3.48	$104K

Holdings After Transaction: ORDINARY SHARES — 45,767 shares (Direct)

Footnotes (1)

1. F1. EXERCISE PRICE REPRESENTS A PER ORDINARY SHARE SALE PRICE OF MXN$60.27

Key Figures

Shares sold: 30,000 shares Sale price (USD): $3.48 per share Sale price (MXN): MXN$60.27 per share +2 more

5 metrics

Shares sold 30,000 shares Open-market sale of ordinary shares

Sale price (USD) $3.48 per share Transaction price per ordinary share

Sale price (MXN) MXN$60.27 per share Per-share sale price from footnote

Shares held after sale 45,767 shares Direct ownership following transaction

Net shares sold 30,000 shares transactionSummary netBuySellShares

Key Terms

open-market sale, ORDINARY SHARES, Form 4, VP ASSET & PROPERTY MANAGEMENT

4 terms

open-market sale financial

"transaction_action": "open-market sale""

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": "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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

VP ASSET & PROPERTY MANAGEMENT financial

""officer_title": "VP ASSET & PROPERTY MANAGEMENT""

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 05/29/2026 - 04:00 PM Learn about SEC filing dates

FAQ

What insider transaction did Vesta Real Estate (VTMX) report on this Form 4?

Vesta Real Estate reported that officer Teodoro Hugo Diaz Estrada completed an open-market sale of 30,000 ordinary shares. The sale involved the company’s ordinary shares listed under ticker VTMX and was recorded as a standard open-market or private transaction under SEC code S.

At what price were the 30,000 VTMX shares sold by the officer?

The 30,000 VTMX ordinary shares were sold at approximately $3.48 per share. A footnote also states an equivalent per-share sale price of MXN$60.27, indicating a local-currency reference alongside the reported U.S. dollar transaction price in the Form 4 data.

How many VTMX shares does Teodoro Hugo Diaz Estrada hold after this sale?

After the reported sale, Teodoro Hugo Diaz Estrada directly holds 45,767 ordinary shares of VTMX. This means he reduced but did not eliminate his position, retaining a meaningful remaining stake according to the post-transaction ownership figure disclosed in the Form 4 filing.

What is the role of the insider who sold VTMX shares on this Form 4?

The insider, Teodoro Hugo Diaz Estrada, serves as VP Asset & Property Management at Vesta Real Estate Corporation, S.A.B. de C.V. His position as an officer makes his equity transactions reportable, and this Form 4 records his recent open-market sale of ordinary shares.

Was the VTMX insider transaction a buy or a sell according to the Form 4?

The Form 4 classifies the transaction as a sell, using transaction code S and describing it as an “open-market sale.” The transaction_summary further shows one sell transaction totaling 30,000 shares, confirming that this filing reflects net-sell activity rather than a purchase or grant.

Does the Form 4 show any VTMX derivative or option exercises for this insider?

The filing does not show any derivative or option exercises for this insider. The derivativeSummary section is empty, and the transactionSummary reports zero exerciseCount and exerciseShares, indicating the reported activity was limited to the sale of non-derivative ordinary shares.

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^*

Diaz Estrada Teodoro Hugo

(Last) (First) (Middle)

PASEO DE LOS TAMARINDOS NO. 90, TORRE 2

PISO 28, COL. BOSQUES DE LAS LOMAS

(Street)

CUAJIMALPA MEXICO 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)
	VP ASSET & PROPERTY MANAGEMENT

2a. Foreign Trading Symbol
[VESTA]

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

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	05/27/2026		S		30,000	D	$3.48(1)	45,767	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$60.27

	TEODORO HUGO DIAZ ESTRADA	05/29/2026
	** 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)