CIO-PA (CIO-PA)

AI-Powered SEC Filing Analysis

Current Report Filed: 2026-01-09

Key Insights

City Office REIT, Inc. has completed its merger with MCME Carell Holdings, LP, with MCME Carell Merger Sub, LLC surviving as a wholly owned subsidiary.
The merger agreement resulted in the cancellation of all outstanding common stock, with shareholders receiving $7.00 per share, and the redemption of all outstanding Series A Preferred Stock at $25.00 per share plus accrued dividends.
All outstanding equity awards, including RSUs and PSUs, were cancelled and converted into the right to receive cash payments based on the merger consideration.

Insider Trading Filed: 2026-01-09

Key Insights

City Office REIT, Inc. merged with MCME Carell Holdings, LP, with the merger completed on January 9, 2026.
As a result of the merger, the reporting person (Anthony Maretic, Chief Financial Officer) disposed of 227,778 shares of common stock as well as 61,886 restricted stock units and 184,037 performance restricted stock units, all converted to cash at $7.00 per share.
The reporting person is no longer subject to Section 16 reporting requirements following the completion of the merger transaction.

Insider Trading Filed: 2026-01-09

Key Insights

The reporting person, Gregory Tylee, is the President and COO of City Office REIT, Inc. and this filing reflects a significant transaction related to the merger of the company.
At the Merger Effectiveness Time on January 9, 2026, Tylee's holdings of 612,398 shares of common stock and 137,153 restricted stock units and 416,085 performance restricted stock units were converted into cash at the Merger Consideration Price of $7 per share.
The filing indicates that Tylee no longer has any beneficial ownership in City Office REIT, Inc. securities following the completion of the merger.

Insider Trading Filed: 2026-01-09

Key Insights

The reporting person, James Thomas Farrar, who serves as the Chief Executive Officer and Director of City Office REIT, Inc. (CIO), disposed of a significant number of common stock shares and derivative securities (restricted stock units and performance restricted stock units) as part of the company's merger transaction.
The merger transaction resulted in the conversion of the reporting person's common stock and derivative securities into the right to receive $7.00 per share in cash, representing the merger consideration price.
As a result of the merger, the reporting person is no longer subject to Section 16 reporting requirements for the issuer's securities.

Insider Trading Filed: 2026-01-09

Key Insights

The reporting person, John R. McLernon, is no longer subject to Section 16 reporting requirements after the merger of City Office REIT, Inc. with MCME Carell Holdings, LP.
McLernon disposed of his direct holdings of 33,679 shares of City Office REIT common stock and his indirect holdings of 7,500 shares through McLernon Holdings Ltd.
McLernon's outstanding restricted stock units and performance restricted stock units were converted to cash at the merger consideration price of $7 per share.

Insider Trading Filed: 2026-01-09

Key Insights

The issuer, City Office REIT, Inc., was acquired by MCME Carell Holdings, LP at a price of $7.00 per share in cash.
Michael Mazan, a director of the issuer, disposed of 2,900 shares of common stock and 39,000 shares held indirectly through HoldCo, a company he is a member of, as a result of the merger.
Michael Mazan also held 18,830 restricted stock units that were converted to the right to receive the merger consideration price of $7.00 per share.

Insider Trading Filed: 2026-01-09

Key Insights

The reporting person, Sabah Mirza, is no longer subject to Section 16 reporting requirements after the merger of City Office REIT, Inc. with MCME Carell Holdings, LP.
Mirza owned 18,813 shares of City Office REIT common stock, which were converted to cash at $7.00 per share as part of the merger.
Mirza also held 21,392 restricted stock units that were converted to cash at the merger consideration price of $7.00 per share.

Insider Trading Filed: 2026-01-09

Key Insights

The reporting person, Mark Murski, is no longer subject to Section 16 reporting requirements in connection with the transaction of securities of City Office REIT, Inc. (CIO).
Murski disposed of 38,337 shares of CIO common stock at the Merger Consideration Price of $7.00 per share.
Murski also held 21,392 restricted stock units that were converted into the right to receive the Merger Consideration Price upon completion of the merger.

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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.