Kevin C. Phelan - 28 May 2025 Form 4 Insider Report for Industrial Logistics Properties Trust (ILPT)

Role: Director
Signature: /s/ Kevin C. Phelan
Issuer symbol: ILPT
Transactions as of: 28 May 2025
Net transactions value: $0
Form type: 4
Filing time: 30 May 2025, 16:46:57 UTC
Previous filing: 20 Aug 2024
Next filing: 01 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
PHELAN KEVIN C	Director	C/O THE RMR GROUP LLC, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON	/s/ Kevin C. Phelan	30 May 2025	0001256467

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	+49%		87,590	28 May 2025	Direct	F1, F2
holding	ILPT	Common Shares of Beneficial Interest						10,500	28 May 2025	By Trust	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 the Issuer's equity compensation plan.
F2	Includes 488.485 shares acquired under the Industrial Logistics Properties Trust Dividend Reinvestment Plan since the last Section 16 filing by Mr. Phelan.
F3	These shares are held by the Anne D. Phelan Trust, of which Mr. Phelan and his spouse are co-trustees and beneficiaries. Mr. Phelan disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.