Vivmark Residential Director David J. Neithercut Completes Estate Planning Gifts of Operating Partnership Units
VIVMARK RESIDENTIAL
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Filing Summary
š Form 4 Filing Summary: VIVMARK RESIDENTIAL ($VMRK) ā¢ Insider: NEITHERCUT DAVID J (Director) ā¢ Transaction Date: September 09, 2026 ā¢ Type: Gift / Estate Planning Transfer (Code G) ā¢ Security: Operating Partnership Units ā¢ Shares Transacted: 2,299 net transferred to Direct ownership ā¢ Price: $0.00 | Total Value: $0.00 ā¢ Post-Transaction Holdings: 427,389 Direct Units ā¢ Significance: Low (Non-market estate planning transfers among LLC, GRATs, and Direct holdings)
Comprehensive Analysis
Executive Summary
On September 11, 2026, Vivmark Residential (Ticker: VMRK, CIK: 0000906107) filed a Form 4 for Director David J. Neithercut. The filing details several intra-family and estate-planning gift transactions (Transaction Code G) involving Operating Partnership (OP) Units executed on September 9, 2026.
Transaction Details
- Security: Operating Partnership Units (convertible 1:1 into Common Shares of Beneficial Interest or cash equivalent).
- Nature of Transactions:
- LLC to GRATs: An LLC managed by the reporting person gifted 1,325 OP Units to the 2020 DN GRAT and 1,325 OP Units to the 2020A DN GRAT.
- GRATs to Direct Ownership: The 2020 DN GRAT gifted 1,322 OP Units directly to David J. Neithercut, and the 2020A DN GRAT gifted 977 OP Units directly to David J. Neithercut.
- Transaction Price: $0.00 per share (Bona fide gifts / estate planning distributions).
- Ending Direct Holdings: 427,389 OP Units.
- Ending Indirect Holdings:
- LLC: 85,420 OP Units
- 2020 DN GRAT: 11 OP Units
- 2020A DN GRAT: 1,775 OP Units
Market Impact & Significance
This filing carries Low trading significance as all reported transactions are non-market estate planning transfers and annuity distributions involving grantor retained annuity trusts (GRATs) and an LLC managed by the director. There was no open-market buying or selling activity.
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