Adam D. Portnoy - May 11, 2022 Form 4 Insider Report for Seven Hills Realty Trust (SEVN)

Role
Director, 10%+ Owner
Signature
/s/ Adam D. Portnoy
Stock symbol
SEVN
Transactions as of
May 11, 2022
Transactions value $
$8,355,608,524,215
Form type
4
Date filed
5/12/2022, 04:09 PM
Previous filing
Mar 14, 2022
Next filing
May 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEVN Common Shares of Beneficial Interest Purchase $8.36T +882K +97.55% $9,469,109.52* 1.79M May 11, 2022 See Footnote F1, F2, F3
holding SEVN Common Shares of Beneficial Interest 175K May 11, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired pursuant to a Letter Agreement between Tremont Realty Capital LLC ("TRC") and Diane Portnoy, dated as of May 11, 2022, pursuant to which TRC purchased 882,407 of Issuer's Common Shares of Beneficial Interest ("Common Shares") from Diane Portnoy.
F2 78,879 Common Shares are held by ABP Trust, which includes 1,709 Common Shares acquired under the Issuer's dividend reinvestment plan since September 30, 2021. Mr. Portnoy is a holder of shares of beneficial interest in, and the sole trustee of, ABP Trust. Mr. Portnoy may be deemed to be a beneficial owner of the Common Shares owned directly by ABP Trust, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.
F3 1,708,058 Common Shares are held by TRC. TRC 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 also a beneficial owner and a director of TRC, RMR LLC and RMR Inc. and Mr. Portnoy may be deemed to beneficially own the Common Shares owned directly by TRC, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.