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Whitestone REIT (WSR) CEO Holeman reports vested stock units and holdings

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Whitestone REIT disclosed an insider equity transaction for its Chief Executive Officer and Director, David K. Holeman. On 01/02/2026, he received 87,576 restricted common shares, issued upon vesting of performance-based restricted stock units granted in 2023 under the company’s 2018 Long-Term Equity Incentive Ownership Plan. These units vested at 200% of target based on Whitestone’s #1 peer group ranking for total shareholder return for the period from January 1, 2023 through December 31, 2025.

On the same date, 35,081 common shares were withheld by the company to cover tax withholding obligations, using a per-share value of $13.89 based on the common share closing price on December 31, 2025. After these transactions, Holeman beneficially owns 807,362 common shares, held directly.

Positive

  • None.

Negative

  • None.
Insider Holeman David K
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Common Shares 87,576 $0.00 --
Tax Withholding Common Shares 35,081 $13.89 $487K
Holdings After Transaction: Common Shares — 842,443 shares (Direct)
Footnotes (1)
  1. Represents restricted common shares issued upon vesting of performance based restricted stock units granted in 2023 under the Company's 2018 Long-Term Equity Incentive Ownership Plan, which vested at 200% of target based on the Company's #1 peer group ranking for total shareholder return for the performance period from January 1, 2023 through December 31, 2025. Represents common shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of certain restricted units previously granted pursuant to the Company's 2018 Long-Term Equity Incentive Ownership Plan. Per Share value assigned by the Company to the tax withholding shares based on the closing sales price of the common shares on December 31, 2025.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Holeman David K
(Last) (First) (Middle)
2600 SOUTH GESSNER
SUITE 500
(Street)
HOUSTON TX 77063
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Whitestone REIT [ WSR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 01/02/2026 A 87,576(1) A $0 842,443 D
Common Shares 01/02/2026 F 35,081(2) D $13.89(3) 807,362 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents restricted common shares issued upon vesting of performance based restricted stock units granted in 2023 under the Company's 2018 Long-Term Equity Incentive Ownership Plan, which vested at 200% of target based on the Company's #1 peer group ranking for total shareholder return for the performance period from January 1, 2023 through December 31, 2025.
2. Represents common shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of certain restricted units previously granted pursuant to the Company's 2018 Long-Term Equity Incentive Ownership Plan.
3. Per Share value assigned by the Company to the tax withholding shares based on the closing sales price of the common shares on December 31, 2025.
/s/ David K. Holeman 01/06/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Whitestone REIT (WSR) report for its CEO?

Whitestone REIT reported that its Chief Executive Officer and Director, David K. Holeman, received 87,576 restricted common shares on 01/02/2026 upon vesting of performance-based restricted stock units granted in 2023.

Why did David K. Holeman receive 87,576 Whitestone REIT (WSR) shares?

The 87,576 restricted common shares represent units that vested at 200% of target under Whitestone’s 2018 Long-Term Equity Incentive Ownership Plan, based on the company’s #1 peer group ranking for total shareholder return from January 1, 2023 through December 31, 2025.

How many Whitestone REIT (WSR) shares were withheld for taxes in this Form 4?

The company withheld 35,081 common shares to satisfy tax withholding obligations related to the vesting of restricted units, using a per-share value of $13.89 based on the December 31, 2025 closing price.

How many Whitestone REIT (WSR) shares does the CEO own after this transaction?

Following the reported transactions, David K. Holeman beneficially owns 807,362 common shares of Whitestone REIT, held directly.

What compensation plan governed the Whitestone REIT (WSR) share award to the CEO?

The transactions relate to performance-based restricted stock units granted under Whitestone REIT’s 2018 Long-Term Equity Incentive Ownership Plan, which resulted in an issuance of restricted common shares upon vesting.

How was the $13.89 value used in the Whitestone REIT (WSR) Form 4 determined?

The $13.89 per-share value assigned to the tax withholding shares was based on the closing sales price of Whitestone REIT common shares on December 31, 2025, as determined by the company.