Form 4 for SEVN Seven Hills Realty Trust
Accepted 2025-12-08 00:00:00 ET · period of report 2025-12-04 · accession 0001104659-25-119424 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-12-08 | 2025-12-04 | SEVN | PORTNOY ADAM D. | Dir, 10% | X - OptEx | $8.65 | +109.7K | 329.0K | +50% | +$948.6K |
| DMI | 2025-12-08 | 2025-12-04 | SEVN | PORTNOY ADAM D. | Dir, 10% | X - OptEx | $8.65 | +912.3K | 178.5K | New | +$7.89M |
| DMI | 2025-12-08 | 2025-12-04 | SEVN | PORTNOY ADAM D. | Dir, 10% | X - OptEx | $0.00 | -1.82M | 0 | -100% | $0 |
| D | 2025-12-08 | 2025-12-04 | SEVN | PORTNOY ADAM D. | Dir, 10% | X - OptEx | $0.00 | -219.3K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares of Beneficial Interest | 2025-12-04 | X | A | 109,669 | $8.65 | 329,009 | D See Footnote | — | — | (F1) On October 30, 2025, Seven Hills Realty Trust (the "Company") announced the terms of a pro rata offering of transferable subscription rights (the "Rights") to holders of the Company's common shares as of the record date of November 10, 2025 ("Record Date Shareholders"), entitling the holders of such Rights to subscribe for up to an aggregate of 7,532,861 of the Company's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding common share they owned on the record date. The Rights entitled the Record Date Shareholders to purchase one new common share for every two Rights held. The Rights Offering expired on December 4, 2025. (F2) 178,488 common shares are held by ABP Trust, which includes common shares acquired under a dividend reinvestment plan. 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. |
| 2 | Common | Common Shares of Beneficial Interest | 2025-12-04 | X | A | 854,029 | $8.65 | 2,562,087 | I | — | — | (F1) On October 30, 2025, Seven Hills Realty Trust (the "Company") announced the terms of a pro rata offering of transferable subscription rights (the "Rights") to holders of the Company's common shares as of the record date of November 10, 2025 ("Record Date Shareholders"), entitling the holders of such Rights to subscribe for up to an aggregate of 7,532,861 of the Company's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding common share they owned on the record date. The Rights entitled the Record Date Shareholders to purchase one new common share for every two Rights held. The Rights Offering expired on December 4, 2025. |
| 3 | Common | Common Shares of Beneficial Interest | 2025-12-04 | X | A | 58,266 | $8.65 | 178,488 | I See Footnote | — | — | (F1) On October 30, 2025, Seven Hills Realty Trust (the "Company") announced the terms of a pro rata offering of transferable subscription rights (the "Rights") to holders of the Company's common shares as of the record date of November 10, 2025 ("Record Date Shareholders"), entitling the holders of such Rights to subscribe for up to an aggregate of 7,532,861 of the Company's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding common share they owned on the record date. The Rights entitled the Record Date Shareholders to purchase one new common share for every two Rights held. The Rights Offering expired on December 4, 2025. (F3) 2,562,087 common shares are held by Tremont Realty Capital LLC ("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. |
| 4 | Derivative | Subscription Right (Right to Buy) | 2025-12-04 | X | D | 1,708,058 | $0.00 | 0 | I | $8.65 · 2025-11-10 to 2025-12-04 | 854,029 Common Shares | |
| 5 | Derivative | Subscription Right (Right to Buy) | 2025-12-04 | X | D | 116,531 | $0.00 | 0 | I See Footnote | $8.65 · 2025-11-10 to 2025-12-04 | 58,266 Common Shares | (F3) 2,562,087 common shares are held by Tremont Realty Capital LLC ("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. |
| 6 | Derivative | Subscription Right (Right to Buy) | 2025-12-04 | X | D | 219,340 | $0.00 | 0 | D See Footnote | $8.65 · 2025-11-10 to 2025-12-04 | 109,669 Common Shares | (F2) 178,488 common shares are held by ABP Trust, which includes common shares acquired under a dividend reinvestment plan. 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. |