Whitestone REIT (WSR) director’s 31,577 shares converted to $19 cash in merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Whitestone REIT director Julia Bruns Buthman reported a disposition to the issuer of 31,577 common shares on July 14, 2026 at $19.00 per share in connection with a merger under an Agreement and Plan of Merger. Following this cash conversion, she holds 0 shares and, after the company’s delisting and deregistration, will cease to have reporting obligations.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Buthman Julia Bruns
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Shares | 31,577 | $19.00 | $600K |
Holdings After Transaction:
Common Shares — 0 shares (Direct)
Footnotes (1)
- Pursuant to the Agreement and Plan of Merger, dated as of April 8, 2026 (the "Merger Agreement"), by and among Whitestone REIT (the "Company"), Whitestone REIT Operating Partnership, L.P., AREG Wizard Parent LP, AREG Wizard Intermediate LP, and AREG Wizard Operating Partnership LP, each common share of beneficial interest, par value $0.001 per share, of the Company (each, a "Company Common Share"), was converted into the right to receive $19.00 in cash payment (without interest and subject to any applicable withholding taxes). (Continued from footnote 1) As a result of the Company Merger (as defined in the Merger Agreement), Reporting Person no longer beneficially owns, directly or indirectly, any Company Common Shares, and after giving effect to the Company's delisting and deregistration, will cease to have reporting obligations.
Key Figures
Shares disposed: 31,577 common shares
Cash per share: $19.00
Post-transaction holdings: 0 shares
+2 more
5 metrics
Shares disposed
31,577 common shares
Issuer disposition by director on July 14, 2026
Cash per share
$19.00
Cash payment for each common share under the merger
Post-transaction holdings
0 shares
Shares beneficially owned by the reporting person after the merger conversion
Merger agreement date
April 8, 2026
Date of the Agreement and Plan of Merger governing the cash conversion
Par value per share
$0.001
Par value of each Whitestone REIT common share
Key Terms
Agreement and Plan of Merger, par value, beneficially owns, delisting and deregistration, +1 more
5 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger, dated as of April 8, 2026"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
par value financial
"each common share of beneficial interest, par value $0.001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
beneficially owns financial
"Reporting Person no longer beneficially owns, directly or indirectly, any Company Common Shares"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
delisting and deregistration regulatory
"after giving effect to the Company's delisting and deregistration, will cease to have reporting obligations"
disposition to issuer financial
"transaction_code_description: Disposition to issuer"
FAQ
What insider transaction did Whitestone REIT (WSR) report for Julia Bruns Buthman?
Whitestone REIT director Julia Bruns Buthman reported a disposition of 31,577 common shares on July 14, 2026. The shares were converted to a $19.00 cash payment per share under a merger agreement, rather than sold in the open market.
Why is the Whitestone REIT (WSR) director’s Form 4 coded as a disposition to the issuer?
The Form 4 uses code D for a disposition to the issuer because shares were converted to cash under the merger terms. This reflects an issuer transaction tied to the Agreement and Plan of Merger, not an open-market sale by the director.
Will Julia Bruns Buthman continue SEC reporting for Whitestone REIT (WSR)?
No. Following the completion of the merger, the director no longer beneficially owns any shares of Whitestone REIT. After the company’s delisting and deregistration, she will cease to have SEC reporting obligations relating to its common shares.
What corporate action involving Whitestone REIT (WSR) is referenced in this Form 4?
The Form 4 references an Agreement and Plan of Merger dated April 8, 2026. Under this merger, each Whitestone REIT common share was converted into a right to receive $19.00 in cash, leading to the company’s planned delisting and deregistration.