Home / Auditor changes / Presidio Property Trust, Inc.

4/5Presidio Property Trust, Inc. (SQFT): Auditor change

Filed 2025-06-05 路 Form 8-K 路 Accession 0001641172-25-013845 nano

Market data

Price before filing: $5.21 (2025-06-04 close, split/dividend-adjusted)
Market cap at flag: $6.0M (2025-06-05) 路 Latest: $1.0M (2026-10-16)

What happened next

WindowSQFTSPYvs SPY
30 days-4.6%+4.5%-9.1%2025-07-07
90 days-7.1%+8.3%-15.4%2025-09-03
180 days-26.1%+15.0%-41.1%2025-12-02

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: 1 insider sold $12K (1 sale); 1 insider bought $81K (10 purchases)
30 days after: 1 insider bought $6K (3 purchases)

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-04-08Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase500$14.19$7KnoForm 4
2025-04-09Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase587$13.99$8KnoForm 4
2025-04-11Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase500$13.88$7KnoForm 4
2025-04-21Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase1,000$14.00$14KnoForm 4
2025-04-22Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase13$13.88$180noForm 4
2025-04-24Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase500$13.84$7KnoForm 4
2025-04-30Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase500$13.94$7KnoForm 4
2025-05-12Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase963$13.94$13KnoForm 4
2025-05-15Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase400$13.93$6KnoForm 4
2025-05-20DURFEY JAMES ROBERT
Director
Sale1,800$6.60$12KnoForm 4
2025-05-20Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase1,800$6.60$12KnoForm 4
2025-06-05: red flag filed
2025-06-09Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase285$4.71$1KnoForm 4
2025-06-11Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase1,000$4.39$4KnoForm 4
2025-06-23Heilbron Jack Kendrick
Chief Executive Officer, Director
Purchase20$4.20$84noForm 4

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-03-07 to 2025-07-05. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"In connection with the notification of the merger, Moss Adams has resigned as the auditors of the Company and the Audit Committee of the Company's Board of Directors approved the appointment of Baker Tilly , as the successor to Moss Adams, as the Company's independent registered public accounting firm."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: resigned
Disagreements reported: no
Former auditor: Moss Adams LLP · New auditor: Baker Tilly US, LLP

Why this score: auditor resigned

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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