Whitestone REIT (WSR) CEO Holeman reports vested stock units and holdings

Rhea-AI Filing Summary

Whitestone REIT disclosed an insider equity transaction for its Chief Executive Officer and Director, David K. Holeman. On 01/02/2026, he received 87,576 restricted common shares, issued upon vesting of performance-based restricted stock units granted in 2023 under the company’s 2018 Long-Term Equity Incentive Ownership Plan. These units vested at 200% of target based on Whitestone’s #1 peer group ranking for total shareholder return for the period from January 1, 2023 through December 31, 2025.

On the same date, 35,081 common shares were withheld by the company to cover tax withholding obligations, using a per-share value of $13.89 based on the common share closing price on December 31, 2025. After these transactions, Holeman beneficially owns 807,362 common shares, held directly.

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

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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^*

Holeman David K

(Last) (First) (Middle)

2600 SOUTH GESSNER

SUITE 500

(Street)

HOUSTON TX 77063

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Whitestone REIT [ WSR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Common Shares	01/02/2026		A		87,576(1)	A	$0	842,443	D
Common Shares	01/02/2026		F		35,081(2)	D	$13.89(3)	807,362	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. Represents restricted common shares issued upon vesting of performance based restricted stock units granted in 2023 under the Company's 2018 Long-Term Equity Incentive Ownership Plan, which vested at 200% of target based on the Company's #1 peer group ranking for total shareholder return for the performance period from January 1, 2023 through December 31, 2025.

2. Represents common shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of certain restricted units previously granted pursuant to the Company's 2018 Long-Term Equity Incentive Ownership Plan.

3. Per Share value assigned by the Company to the tax withholding shares based on the closing sales price of the common shares on December 31, 2025.

	/s/ David K. Holeman	01/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Whitestone REIT (WSR) report for its CEO?

Whitestone REIT reported that its Chief Executive Officer and Director, David K. Holeman, received 87,576 restricted common shares on 01/02/2026 upon vesting of performance-based restricted stock units granted in 2023.

Why did David K. Holeman receive 87,576 Whitestone REIT (WSR) shares?

The 87,576 restricted common shares represent units that vested at 200% of target under Whitestone’s 2018 Long-Term Equity Incentive Ownership Plan, based on the company’s #1 peer group ranking for total shareholder return from January 1, 2023 through December 31, 2025.

How many Whitestone REIT (WSR) shares were withheld for taxes in this Form 4?

The company withheld 35,081 common shares to satisfy tax withholding obligations related to the vesting of restricted units, using a per-share value of $13.89 based on the December 31, 2025 closing price.

How many Whitestone REIT (WSR) shares does the CEO own after this transaction?

Following the reported transactions, David K. Holeman beneficially owns 807,362 common shares of Whitestone REIT, held directly.

What compensation plan governed the Whitestone REIT (WSR) share award to the CEO?

The transactions relate to performance-based restricted stock units granted under Whitestone REIT’s 2018 Long-Term Equity Incentive Ownership Plan, which resulted in an issuance of restricted common shares upon vesting.

How was the $13.89 value used in the Whitestone REIT (WSR) Form 4 determined?

The $13.89 per-share value assigned to the tax withholding shares was based on the closing sales price of Whitestone REIT common shares on December 31, 2025, as determined by the company.