Adam D. Portnoy - May 27, 2021 Form 4 Insider Report for Tremont Mortgage Trust (TRMT)

Role: Director, 10%+ Owner
Signature: /s/ Adam D. Portnoy
Stock symbol: TRMT
Transactions as of: May 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/28/2021, 05:06 PM
Next filing: Jun 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRMT	Common Shares of Beneficial Interest	Award		+3K	+28.57%		13.5K	May 27, 2021	Direct	F1
holding	TRMT	Common Shares of Beneficial Interest						1.6M	May 27, 2021	See Footnote	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Transaction reported is grant of shares pursuant to the Issuer's equity compensation plan.
F2	Shares are held by Tremont Realty Advisors LLC ("TRA"). TRA is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned subsidiary of The RMR Group Inc. ("RMR Inc."), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is a holder of shares of beneficial interest in, and the sole trustee of, ABP Trust. Mr. Portnoy is also a beneficial owner and a director of TRA. ABP Trust, RMR Inc., RMR LLC and Mr. Portnoy may be deemed to beneficially own the shares owned directly by TRA. Mr. Portnoy disclaims beneficial ownership of the shares owned by TRA except to the extent of his pecuniary interest therein.

Content

Transaction reported is grant of shares pursuant to the Issuer's equity compensation plan.

Shares are held by Tremont Realty Advisors LLC ("TRA"). TRA is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned subsidiary of The RMR Group Inc. ("RMR Inc."), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is a holder of shares of beneficial interest in, and the sole trustee of, ABP Trust. Mr. Portnoy is also a beneficial owner and a director of TRA. ABP Trust, RMR Inc., RMR LLC and Mr. Portnoy may be deemed to beneficially own the shares owned directly by TRA. Mr. Portnoy disclaims beneficial ownership of the shares owned by TRA except to the extent of his pecuniary interest therein.