Orrin S. Shifrin - Mar 4, 2025 Form 4 Insider Report for Equity Commonwealth (EQC)

Role: EVP, Gen. Counsel & Secretary
Signature: /s/ Orrin S. Shifrin
Stock symbol: EQC
Transactions as of: Mar 4, 2025
Transactions value $: -$78,968
Form type: 4
Date filed: 3/5/2025, 04:14 PM
Previous filing: Feb 5, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EQC	Common Shares of Beneficial Interest	Options Exercise		+13.3K	+6.51%		218K	Mar 4, 2025	See footnote	F1, F2
transaction	EQC	Common Shares of Beneficial Interest	Award		+63.5K	+29.09%		282K	Mar 4, 2025	See footnote	F1, F2
transaction	EQC	Common Shares of Beneficial Interest	Tax liability	-$79K	-49.4K	-17.52%	$1.60	232K	Mar 4, 2025	See footnote	F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EQC	Restricted Share Units	Options Exercise		-13.3K	-100%		0	Mar 4, 2025	Common Shares of Beneficial Interest	13.3K		See footnote	F2, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects Common Shares of Beneficial Interest (each, a "Common Share") of Equity Commonwealth (the "Issuer") received by the Reporting Person in settlement of outstanding time-based or performance-based Restricted Share Units (each, an "RSU"), on a one for one basis, subject to the terms and conditions set forth in the Equity Commonwealth equity compensation plan (as amended, the "Equity Plan") and the applicable RSU agreement, due to the vesting of the RSUs as a result of the determination by the Issuer's Board of Trustees that a change in control event ("Change in Control") occurred under the terms of the Equity Plan upon the sale of the Issuer's last remaining property on February 25, 2025.
F2	These shares/units, as applicable, are held by the Orrin S. Shifrin Revocable Trust, of which the Reporting Person is the trustee and a beneficiary.
F3	Reflects Common Shares surrendered to the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted Common Shares and RSUs.
F4	Each RSU represents the right to receive one Common Share, subject to the terms and conditions set forth in the applicable Equity Plan and the applicable RSU agreement for the Reporting Person.
F5	RSUs previously granted, and reported on the Form 4 dated February 5, 2025, vested as a result of the determination by the Issuer's Board of Trustees that a Change in Control has occurred.