Presidio Property Trust CIO Gary Katz Reduces Holdings
Chief Investment Officer Gary Katz saw his share count decline as part of a routine payroll tax withholding transaction.
January 01, 2026
Presidio Property Trust Officer Sells Shares to Cover Tax Obligations
On December 30, 2025, Presidio Property Trust’s Chief Investment Officer Gary Katz saw a portion of his shares withheld to cover payroll taxes—an expected part of equity compensation management. The transaction affected 10,470 shares of Series A common stock, priced at $3.67 each.
The change didn’t involve a sale on the open market. Instead, these shares were retained by the company to satisfy tax obligations triggered by vesting activity. This kind of transaction is typical for executives receiving equity awards, and it ensures tax compliance without requiring any direct action from the officer.
After the shares were withheld, Katz’s direct ownership stood at 79,305 shares. There were no other transactions reported—no derivative holdings, no indirect ownership changes, and no other movement tied to trusts or related entities.
The filing was made individually and did not reflect any group activity.
This was a procedural adjustment, not a strategic shift. Transactions like this happen automatically when equity awards vest, and they’re designed to handle tax withholding obligations in a straightforward way.
Presidio Property Trust continues to operate from its headquarters in San Diego, where it focuses on managing and acquiring real estate assets across a diverse portfolio. Executive-level activity like this is part of the broader rhythm of managing compensation, and it reflects standard practices for public companies navigating equity-based pay.
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