Gregory Wright - 19 Dec 2025 Form 4 Insider Report for Paramount Group, Inc. (PGRE)

Role
Director
Signature
/s/ Timothy Dembo as attorney-in-fact for Gregory Wright
Issuer symbol
PGRE
Transactions as of
19 Dec 2025
Transactions value $
-$962,293
Form type
4
Filing time
22 Dec 2025, 20:52:18 UTC
Previous filing
19 May 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Wright Gregory S Director C/O PARAMOUNT GROUP, INC., 1633 BROADWAY, NEW YORK /s/ Timothy Dembo as attorney-in-fact for Gregory Wright 22 Dec 2025 0001763455

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PGRE LTIP Units Disposed to Issuer -$169K -25.6K -100% $6.60 0 19 Dec 2025 Common Stock 25.6K Direct F1, F2
transaction PGRE LTIP Units Options Exercise $0 -12.8K -100% $0.00 0 19 Dec 2025 Common Stock 12.8K Direct F1, F3
transaction PGRE LTIP Units Options Exercise $0 -25K -100% $0.00 0 19 Dec 2025 Common Stock 25K Direct F1, F4
transaction PGRE LTIP Units Options Exercise $0 -15.2K -100% $0.00 0 19 Dec 2025 Common Stock 15.2K Direct F1, F5
transaction PGRE LTIP Units Options Exercise $0 -25.4K -100% $0.00 0 19 Dec 2025 Common Stock 25.4K Direct F1, F6
transaction PGRE Common OP Units Options Exercise $0 +78.4K +187.17% $0.00 120K 19 Dec 2025 Common Stock 78.4K Direct F7, F8, F9
transaction PGRE Common OP Units Disposed to Issuer -$793K -120K -100% $6.60 0 19 Dec 2025 Common Stock 120K Direct F7, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Gregory Wright is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Second Amended and Restated Agreement of Limited Partnership of Paramount Group Operating Partnership LP, a Delaware limited partnership and a subsidiary of the Issuer (the "Operating Partnership"), dated as of October 26, 2020 (the "Partnership Agreement"), each LTIP Unit converts automatically into one OP Unit (defined below) on the later to occur of (i) vesting and (ii) the date on which the Book-Up Target (as defined in the Partnership Agreement) for such LTIP Unit becomes zero.
F2 Pursuant to the Agreement and Plan of Merger, dated as of September 17, 2025 (as amended on October 8, 2025, and as may be amended from time to time, the "Merger Agreement"), by and among the Issuer, the Operating Partnership, Rithm Capital Corp., a Delaware corporation ("Parent"), Panorama REIT Merger Sub, Inc., a Maryland corporation and a wholly owned subsidiary of Parent, and Panorama Operating Merger Sub LP, a Delaware limited partnership and a wholly owned subsidiary of Parent, at the Partnership Merger Effective Time (as defined in the Merger Agreement), these securities, comprised of 11,731 vested LTIP Units granted on May 13, 2021 and 13,857 vested LTIP Units granted on May 12, 2022 whose Book-Up Target was not zero (after giving effect to the Partnership Merger (as defined in the Merger Agreement)), were cancelled and converted into the right to receive an amount in cash equal to the Company Merger Consideration (as defined in the Merger Agreement) of $6.60 per share.
F3 At the Partnership Merger Effective Time, these securities, comprised of vested LTIP Units granted on December 15, 2023 whose Book-Up Target was zero after giving effect to the Partnership Merger, automatically converted into an equivalent number of OP Units in accordance with the Partnership Agreement.
F4 At the Partnership Merger Effective Time, these securities, comprised of vested LTIP Units granted on May 16, 2024 whose Book-Up Target was zero after giving effect to the Partnership Merger, automatically converted into an equivalent number of OP Units in accordance with the Partnership Agreement.
F5 At the Partnership Merger Effective Time, these securities, comprised of vested LTIP Units granted on December 16, 2024 whose Book-Up Target was zero after giving effect to the Partnership Merger, automatically converted into an equivalent number of OP Units in accordance with the Partnership Agreement.
F6 At the Partnership Merger Effective Time, these securities, comprised of LTIP Units granted on May 15, 2025 that were subject to time-vesting conditions and became fully vested pursuant to the applicable award agreement and whose Book-Up Target was zero after giving effect to the Partnership Merger, automatically converted into an equivalent number of OP Units in accordance with the Partnership Agreement.
F7 Represents common units of limited partnership interest ("OP Units") in the Operating Partnership. Each OP Unit could be presented, at the election of the holder, for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Issuer could, at its election, acquire each OP Unit so presented for one share of common stock. OP Units are not subject to vesting. These redemption rights did not have an expiration date.
F8 Represents the acquisition of OP Units from the conversion of LTIP Units at the Partnership Merger Effective Time as discussed in Footnotes 3-6.
F9 Includes 14,212 LTIP Units granted on May 19, 2020, and 27,650 LTIP Units granted on May 18, 2023 that were previously automatically converted into OP Units but the conversion of which was not reported on a Form 4.
F10 Pursuant to the Merger Agreement, at the Partnership Merger Effective Time, each outstanding OP Unit was cancelled and exchanged for the Partnership Merger Consideration of $6.60 per unit.