---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-017619"
form_type: "8-K"
ticker: "PKST"
cik: "0001600626"
company_name: "Peakstone Realty Trust"
filed_at: "2023-04-11T23:59:59+00:00"
generated_at: "2026-06-17T03:38:36.753687+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Peakstone Realty Trust redeems 5M Series A preferred shares for $125M; waives $1.875M fee

## Summary
- Redeemed all 5,000,000 Series A preferred shares from SH Global for $125M plus $2.375M accrued distributions.
- Investor waived $1.875M redemption fee and terminated all rights under the 2018 purchase agreement.
- Adopted Second Amended and Restated Employee and Trustee Long-Term Incentive Plan effective April 5, 2023.
- New plan explicitly authorizes LTIP Units and updates entity names; material terms otherwise unchanged.
- Listing of common stock on NYSE announced March 24; redemption precedes expected listing around April 13.

## SEC filing metadata
- accession: 0001140361-23-017619
- form_type: 8-K
- ticker: PKST
- cik: 0001600626
- company_name: Peakstone Realty Trust
- filed_at: 2023-04-11T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1600626/000114036123017619/0001140361-23-017619-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1600626/000114036123017619/brhc10051198_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-017619
- JSON: https://secwatch.observer/filing/0001140361-23-017619.json
- Plain text: https://secwatch.observer/filing/0001140361-23-017619.txt

## Key facts
- Material Agreements
  Peakstone Realty Trust terminated Series A Cumulative Perpetual Convertible Stock Purchase Agreement with SH Global Private Real Estate Trust No. 13(H) and Shinhan Asset Management Co., Ltd. (effective 2023-04-10).
  - Action: termination
  - Agreement: equity purchase
  - Counterparty: SH Global Private Real Estate Trust No. 13(H) and Shinhan Asset Management Co., Ltd.
  - Effective: 2023-04-10
  source text: The Agreement also terminates the Series A Cumulative Perpetual Convertible Stock Purchase Agreement dated as of August 8, 2018, by and between the Company and the Investor (the “Purchase Agreement”), and provides that any rights and privileges afforded to the Investor under the Purchase Agreement are terminated and canceled and of no further force or effect
  evidence_url: https://www.sec.gov/Archives/edgar/data/1600626/000114036123017619/0001140361-23-017619-index.htm
- Material Agreements
  Peakstone Realty Trust entered into Redemption Agreement with SH Global Private Real Estate Trust No. 13(H) and Shinhan Asset Management Co., Ltd. valued at $125 million, plus accumulated and unpaid distributions of $2,375,868.06 (effective 2023-04-10).
  - Action: entry
  - Counterparty: SH Global Private Real Estate Trust No. 13(H) and Shinhan Asset Management Co., Ltd.
  - Value: $125 million, plus accumulated and unpaid distributions of $2,375,868.06
  - Effective: 2023-04-10
  source text: On April 10, 2023, Peakstone Realty Trust (the “Company”) entered into a Redemption Agreement (the “Agreement”) with SH Global Private Real Estate Trust No. 13(H) (the “Investor”) and Shinhan Asset Management Co., Ltd. Pursuant to the Agreement, the Company redeemed from the Investor all 5,000,000 shares of “Series A Cumulative Perpetual Convertible Preferred Stock” (the “Series A Preferred Shares”) held by the Investor in exchange for a redemption payment of $125 million, plus accumulated and unpaid distributions of $2,375,868.06 (the “Redemption Payment”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1600626/000114036123017619/0001140361-23-017619-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.