Whitestone REIT (NYSE: WSR) director’s 15,789 shares converted for $19 cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Whitestone REIT director Kristian M. Gathright disposed of 15,789 Common Shares in a transaction coded as a disposition to the issuer. Under an Agreement and Plan of Merger dated April 8, 2026, each Company Common Share was converted into the right to receive $19.00 in cash.
As a result of the merger, Gathright no longer beneficially owns any Whitestone REIT common shares, with 0 shares reported following the transaction. After the company’s delisting and deregistration, he will cease to have SEC reporting obligations.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GATHRIGHT KRISTIAN M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Shares | 15,789 | $19.00 | $300K |
Holdings After Transaction:
Common Shares — 0 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares Disposed: 15,789 Common Shares
Cash Per Share: $19.00
Post-Transaction Holdings: 0 Common Shares
+1 more
4 metrics
Shares Disposed
15,789 Common Shares
Disposition to issuer in connection with merger
Cash Per Share
$19.00
Cash consideration for each Company Common Share in merger
Post-Transaction Holdings
0 Common Shares
Shares beneficially owned by Kristian M. Gathright after merger
Merger Agreement Date
April 8, 2026
Date of Agreement and Plan of Merger governing share conversion
Key Terms
Agreement and Plan of Merger, Company Common Share, delisting, 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.
delisting regulatory
"after giving effect to the Company's delisting and deregistration"
Delisting occurs when a company's stock is removed from a stock exchange and is no longer available for trading there. This can happen voluntarily or because the company no longer meets the exchange's requirements. For investors, delisting means they can no longer buy or sell shares of that company on the exchange, which may make it more difficult to sell their investments or affect the stock's value.
deregistration regulatory
"after giving effect to the Company's delisting and deregistration"
Deregistration is when a company officially removes itself from a stock exchange or regulatory list, meaning it is no longer publicly traded. This can happen if the company is shrinking or choosing to go private, and it matters because it changes how investors can buy or sell its shares.
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.
FAQ
What insider transaction did Whitestone REIT (WSR) director Kristian M. Gathright report?
Kristian M. Gathright reported a disposition of 15,789 Whitestone REIT Common Shares to the issuer. The shares were converted in a merger, with each share exchanged for $19.00 in cash, leaving him with no remaining beneficial ownership.
Why will Whitestone REIT (WSR) insiders like Kristian M. Gathright cease SEC reporting?
After the merger, Whitestone REIT is undergoing delisting and deregistration. Because the company’s securities will no longer be registered, Gathright will cease to have SEC reporting obligations regarding Whitestone REIT common shares.
What is the Agreement and Plan of Merger referenced for Whitestone REIT (WSR)?
The Agreement and Plan of Merger, dated April 8, 2026, is the transaction under which each Whitestone REIT common share was converted into the right to receive $19.00 in cash, triggering the disposition of shares reported by Kristian M. Gathright.