Adam D. Portnoy - 28 May 2025 Form 4 Insider Report for Industrial Logistics Properties Trust (ILPT)

Role: Director
Signature: /s/ Adam D. Portnoy
Issuer symbol: ILPT
Transactions as of: 28 May 2025
Net transactions value: $0
Form type: 4
Filing time: 30 May 2025, 16:42:33 UTC
Previous filing: 28 Mar 2025
Next filing: 02 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
PORTNOY ADAM D.	Director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON	/s/ Adam D. Portnoy	30 May 2025	0001273871

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ILPT	Common Shares of Beneficial Interest	Award		+28,875	+21%		165,293	28 May 2025	Direct	F1
holding	ILPT	Common Shares of Beneficial Interest						745,672	28 May 2025	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	These shares are held by ABP Trust; Mr. Portnoy, as the sole trustee, an officer and the controlling shareholder of ABP Trust, may be deemed to be a beneficial owner of these shares, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.