Adam D. Portnoy - May 23, 2023 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 23, 2023
Transactions value $
$0
Form type
4
Date filed
5/23/2023, 05:14 PM
Previous filing
May 15, 2023
Next filing
Jun 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SEVN Common Shares of Beneficial Interest Award +6K +3.31% 187K May 23, 2023 Direct F1
holding SEVN Common Shares of Beneficial Interest 1.8M May 23, 2023 See Footnote F2, F3
* 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 issuer's equity compensation plan.
F2 90,764 Common Shares are held by ABP Trust, which includes 10,044 Common Shares acquired under the Issuer's dividend reinvestment plan since May 26, 2022. 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 Tremont Realty Capital LLC ("Tremont"). Tremont 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 Tremont, RMR LLC and RMR Inc. and Mr. Portnoy may be deemed to beneficially own the Common Shares owned directly by Tremont, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.