# EDGAR Filing Document

**Accession Number:** 0001316622
**File Stem:** 0000919574-26-004098
**Filing Date:** 2026-6
**Character Count:** 56661
**Document Hash:** 74e40fb34ba49cca68f88c54304d1afc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-26-004098.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0000919574-26-004098

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OFFICE PROPERTIES INCOME TRUST
- **CENTRAL INDEX KEY:** 0001456772
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 264273474
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-85197
- **FILM NUMBER:** 261119088

**BUSINESS ADDRESS:**
- **STREET 1:** C/O THE RMR GROUP
- **STREET 2:** TWO NEWTON PL., 255 WASH. ST., STE. 300
- **CITY:** NEWTON
- **STATE:** MA
- **ZIP:** 02458
- **BUSINESS PHONE:** (617) 219-1440

**MAIL ADDRESS:**
- **STREET 1:** C/O THE RMR GROUP
- **STREET 2:** TWO NEWTON PL., 255 WASH. ST., STE. 300
- **CITY:** NEWTON
- **STATE:** MA
- **ZIP:** 02458

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOVERNMENT PROPERTIES INCOME TRUST
- **DATE OF NAME CHANGE:** 20161006

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Government Properties Income Trust
- **DATE OF NAME CHANGE:** 20090220
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** REDWOOD CAPITAL MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001316622

**ORGANIZATION NAME:**
- **EIN:** 223732328
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 250 WEST 55TH ST.
- **STREET 2:** 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 201-227-5040

**MAIL ADDRESS:**
- **STREET 1:** 250 WEST 55TH ST.
- **STREET 2:** 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

## Exhibit 99.1

**JOINT FILING AGREEMENT**

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned hereby agrees to the joint filing, along with all other such undersigned, on behalf of the Reporting Persons (as defined in the joint filing), of a statement on Schedule 13D (including amendments thereto) with respect to the Common Shares of Beneficial Interest of Office Properties Income Trust, and that this agreement be included as an exhibit to such joint filing. This agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. The undersigned acknowledge that each shall be responsible for the timely filing of any amendments, and for the completeness and accuracy of the information concerning it contained herein and therein but shall not be responsible for the completeness and accuracy of the information concerning the others.

IN WITNESS WHEREOF, each of the undersigned hereby executes this agreement as of this 25th day of June, 2026.

---

| | |
|:---|:---|
| &nbsp;&nbsp;Redwood Capital Management LLC | &nbsp;&nbsp;Redwood Capital Management LLC |
| &nbsp;&nbsp;Signature: | &nbsp;&nbsp;/s/ Ruben Kliksberg |
| &nbsp;&nbsp;Name/Title: | &nbsp;&nbsp;Ruben Kliksberg / Managing Member of Double Twins K, LLC, the general partner of Redwood Capital Management Holdings, LP, its sole member |
| &nbsp;&nbsp;Date: | &nbsp;&nbsp;06/25/2026 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Redwood Capital Management Holdings, LP | &nbsp;&nbsp;Redwood Capital Management Holdings, LP |
| &nbsp;&nbsp;Signature: | &nbsp;&nbsp;/s/ Ruben Kliksberg |
| &nbsp;&nbsp;Name/Title: | &nbsp;&nbsp;Ruben Kliksberg / Managing Member of Double Twins K, LLC, its general partner |
| &nbsp;&nbsp;Date: | &nbsp;&nbsp;06/25/2026 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Double Twins K, LLC. | &nbsp;&nbsp;Double Twins K, LLC. |
| &nbsp;&nbsp;Signature: | &nbsp;&nbsp;/s/ Ruben Kliksberg |
| &nbsp;&nbsp;Name/Title: | &nbsp;&nbsp;Ruben Kliksberg / Managing Member |
| &nbsp;&nbsp;Date: | &nbsp;&nbsp;06/25/2026 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Ruben Kliksberg | &nbsp;&nbsp;Ruben Kliksberg |
| &nbsp;&nbsp;Signature: | &nbsp;&nbsp;/s/ Ruben Kliksberg |
| &nbsp;&nbsp;Name/Title: | &nbsp;&nbsp;Ruben Kliksberg / Individually |
| &nbsp;&nbsp;Date: | &nbsp;&nbsp;06/25/2026 |

---

## Exhibit 99.2

**OFFICE PROPERTIES INCOME TRUST<br> TWO NEWTON PLACE<br> 255 WASHINGTON STREET, SUITE 300<br> NEWTON, MASSACHUSETTS 02458-1634**

**CONFIDENTIAL**

**BOARD OBSERVATION RIGHTS AGREEMENT**

June 17, 2026

Redwood Capital Management, LLC<br> 250 West 55<sup>th</sup> Street, 26th Floor<br> New York, NY 10019<br> Attn: Adam Bensley, <u>abensley@redwoodcap.com</u>

This Board Observation Rights Agreement (this "<u>Agreement</u>") is made and entered into as of the date first written above by and between Office Properties Income Trust, a Maryland real estate investment trust (the "<u>Company</u>"), and Redwood Capital Management, LLC (the "<u>Investor</u>"). The Company and the Investor are entering into this Agreement for good and valuable consideration the sufficiency of which is hereby acknowledged. This Agreement memorializes the parties' understanding regarding the following:

For so long as the Investor beneficially owns 15% or more of the outstanding common shares of beneficial interest of the Company (the "<u>Common Shares</u>"), the Investor shall have the right to designate one non-voting board observer (each, a "<u>Board Observer</u>") to attend meetings of the Board of Trustees of the Company (the "<u>Board</u>") and any committee of the Board, in the same manner as trustees are permitted to attend, and to review in advance each action proposed to be taken by the Board or any committee thereof without a meeting thereof. Subject to the terms of the Board Observer Agreement (as defined below), the Company shall deliver to the Board Observer copies of all reports, notices, minutes, consents, actions taken or proposed to be taken without a meeting and other materials that the Company provides to the members of the Board, each such delivery to be made concurrently with and in the same manner as the delivery of such materials to the members of the Board.

The Investor shall have the right to designate the initial Board Observer at any time, subject to change from time to time by the Investor, upon written notice to the Company. The Board Observer shall be an observer only, shall not be a member of the Board and shall not have any of the rights, duties or obligations of members of the Board, including any right to vote on any matter that may come before the Board or any committee thereof and no fiduciary, corporate opportunity (*provided* that, for the avoidance of doubt, nothing contained herein shall be deemed to modify the waiver of corporate opportunities (and exceptions thereto) described in Section 9.8 of the Company's Third Amended and Restated Declaration of Trust (the "<u>Declaration of Trust</u>") with respect to any Non-Employee Trustee (as defined in the Declaration of Trust) of whom the Board Observer is a Related Person (as defined in the Declaration of Trust)) or other duties or obligations to the Company, any subsidiary of the Company, any shareholder or other securityholder of the Company or any subsidiary of the Company, or any other person or entity arising from being the Board Observer. The Investor may, in its sole discretion, at any time decline to appoint a Board Observer for a time without waiving its right to maintain a Board Observer hereunder or elect not to continue to exercise its right to maintain a Board Observer at any time and from time to time following the date hereof. The Investor's right to designate a Board Observer shall terminate immediately upon the Investor ceasing to beneficially own 15% or more of the outstanding Common Shares, and any Board Observer then serving at the direction of the Investor shall immediately cease to serve in such capacity or have any rights as a Board Observer.

Each Board Observer designated pursuant to this Agreement shall, as a condition to serving as such, execute and deliver a Board Observer Agreement (a "<u>Board Observer Agreement</u>") substantially in the form attached hereto as <u>Exhibit A</u>. Each Board Observer, while serving as such, shall be entitled to the rights and subject to the obligations set forth in such Board Observer's Board Observer Agreement. For the avoidance of doubt, (a) the Company may exclude any Board Observer from attending any meeting or any portion thereof (and from receiving any relevant materials relating thereto), in each case to the extent and in the circumstances set forth in such Board Observer's Board Observer Agreement, (b) neither the Company nor the Board shall have any obligation to act upon or otherwise take into account any recommendations of or input from any Board Observer, and (c) the presence of any Board Observer shall not be required for purposes of establishing a quorum at any meeting of the Board, or for the calling to order of any such meeting of the Board. The Investor agrees

that, unless the Board determines otherwise, the Company is to be managed and operated in a manner that qualifies it for taxation as a "real estate investment trust" within the meaning of sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "<u>Code</u>"), and that, unless the Board determines otherwise, the Company shall at all times be managed by its Board in a manner that satisfies the requirements of section 856(a)(1) of the Code and the Treasury regulations thereunder.

To the extent the Board Observer discloses Confidential Information (as defined in the Board Observer Agreement) to the Investor, its affiliates and its or their respective representatives pursuant to the Board Observer Agreement, the Investor shall, and shall cause its affiliates and its or their respective representatives (if applicable), to comply with the confidentiality obligations set forth in the Board Observer Agreement as though the Investor, its affiliates and its or their respective representatives were parties to the Board Observer Agreement.

This Agreement may not be amended or waived except by an instrument in writing signed by the parties hereto. This Agreement may be executed in any number of counterparts, each of which shall be an original, all of which, when taken together, shall constitute one agreement. Delivery of an executed signature page of this Agreement by e-mail or electronic transmission shall be effective as delivery of manually executed counterparts hereof. The words "execution," "execute," "signed," "signature," and words of like import in or related to this Agreement shall be deemed to include electronic signatures, which shall be of the same legal effect, validity, or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act or any other similar state laws based on the Uniform Electronic Transactions Act, and the parties hereto consent to conduct the transactions contemplated hereunder by electronic means.

This Agreement shall be governed by, and construed in accordance with, the laws of the State of Maryland without regard to its conflicts of law rules and any other law that would cause the application of the laws (including the statute of limitations) of any jurisdiction other than the State of Maryland. Each of the parties hereto irrevocably agrees that any legal action or proceeding that may be based upon, arise out of, or relate to this Agreement or the negotiation, execution, or performance hereof shall be brought and determined exclusively in the state or federal courts located in the State of Maryland. EACH PARTY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT.

The parties hereto agree that irreparable damage, for which monetary relief, even if available, would not be an adequate remedy, would occur in the event that any provision of this Agreement is not performed in accordance with its specific terms or is otherwise breached. It is accordingly agreed that the parties hereto will be entitled to an injunction or injunctions, specific performance, or other equitable relief to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof without proof of damages or otherwise, this being in addition to any other remedy to which they are entitled under this Agreement. The parties hereto agree not to assert that a remedy of specific performance or other equitable relief is unenforceable, invalid, contrary to law, or inequitable for any reason, and not to assert that a remedy of monetary damages would provide an adequate remedy or that the parties hereto otherwise have an adequate remedy at law. The parties hereto acknowledge and agree that any party pursuing an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in accordance with this paragraph will not be required to provide any bond or other security in connection with any such order. Except as otherwise provided in this Agreement, the remedies available to the parties hereto pursuant to this paragraph will be in addition to any other remedy to which they were entitled at law or in equity, and the election to pursue an injunction or specific performance will not restrict, impair or otherwise limit any party from seeking the payment of any liabilities, losses, damages, costs, or expenses related to any breach of this Agreement.

This Agreement shall contain the entire agreement among the parties hereto and supersede all prior agreements, arrangements, and understandings, written or oral, among the parties hereto relating to the subject matter of this Agreement. This Agreement is solely for the benefit of the parties hereto, and nothing in this Agreement, express or implied, is intended to or will confer on any other person any legal or equitable right, benefit, or remedy of any nature whatsoever under or by reason of this Agreement. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective permitted successors and assigns of the parties hereto; provided, however, that no party's rights hereunder shall be assignable without the prior written consent of each other party hereto, and any purported assignment in violation of this provision shall be null and void. If any provision of this Agreement is declared invalid, illegal, or unenforceable, (a) all other provisions of this Agreement will remain in full force and effect and (b) the parties hereto shall negotiate in good faith to amend or modify this Agreement to replace such invalid, illegal, or unenforceable provision with a valid, legal, and enforceable provision giving effect to the parties' intent to the maximum extent permitted by law.

[*Signature Pages Follow*]

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by one of its duly authorized representatives as of the day and year first above written.

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**OFFICE PROPERTIES INCOME TRUST** | &nbsp;&nbsp;**OFFICE PROPERTIES INCOME TRUST** | &nbsp;&nbsp;**OFFICE PROPERTIES INCOME TRUST** |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;![](image_001.jpg) | &nbsp;&nbsp;![](image_001.jpg) |
| &nbsp;&nbsp;Name: | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Brian E. Donley |
| &nbsp;&nbsp;Title: | &nbsp;&nbsp;Title: | &nbsp;&nbsp;Chief Financial Officer and Treasurer |

---

[*Signature Page to Board Observation Rights Agreement*]

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;ACKNOWLEDGED AND AGREED: | &nbsp;&nbsp;ACKNOWLEDGED AND AGREED: | &nbsp;&nbsp;ACKNOWLEDGED AND AGREED: |
| &nbsp;&nbsp;REDWOOD CAPITAL MANAGEMENT, LLC | &nbsp;&nbsp;REDWOOD CAPITAL MANAGEMENT, LLC | &nbsp;&nbsp;REDWOOD CAPITAL MANAGEMENT, LLC |
| &nbsp;&nbsp;By: | &nbsp;&nbsp;![](image_002.jpg) | &nbsp;&nbsp;![](image_002.jpg) |
| &nbsp;&nbsp;Name: | &nbsp;&nbsp;Name: | &nbsp;&nbsp;Ruben Kliksberg |
| &nbsp;&nbsp;Title: | &nbsp;&nbsp;Title: | &nbsp;&nbsp;CEO |

---

[*Signature Page to Board Observation Rights Agreement*]

**Exhibit A**

Form of Board Observer Agreement

[See attached]

**FORM OF BOARD OBSERVER AGREEMENT**

This Board Observer Agreement (this "<u>Agreement</u>") is made effective as of [●] (the "<u>Effective Date</u>"), by and between Office Properties Income Trust, a Maryland real estate investment trust (the "<u>Company</u>"), and [●] (the "<u>Observer</u>" and, together with the Company, each a "<u>Party</u>," and collectively, the "Parties").

RECITALS

WHEREAS, pursuant to that certain Board Observation Rights Agreement, dated as of June 17, 2026 (the "Board Observation Rights Agreement"), by and between the Company and Redwood Capital Management, LLC (the "<u>Designating Party</u>"), the Designating Party has the right to and has determined to designate the Observer as a "Board Observer" (as defined in the Board Observation Rights Agreement) to attend meetings of the Board of Trustees of the Company (the "<u>Board</u>"; and the members of the Board, "<u>Trustees</u>") and any committee of the Board in a nonvoting, observer capacity in the same manner as Trustees are permitted to attend, and to review in advance each action proposed to be taken by the Board or any committees thereof without a meeting thereof, subject to and in accordance with the terms hereof and of the Board Observation Rights Agreement.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:

1. <u>Observer Rights & Obligations</u>. Subject to <u>Sections 2</u> and <u>3</u> below:

1.1. <u>Observer Rights</u>. Until the Observer ceases to serve in such capacity, the Company hereby grants
to the Observer the right to attend meetings of the Board and any committee of the Board in the Observer's capacity as a Board Observer
in the same manner as Trustees are permitted to attend, and to review in advance each action proposed to be taken by the Board or any
committees thereof without a meeting thereof. If any Trustee is permitted to attend a meeting of the Board or any committee thereof by
telephone, video conference or other electronic means, then, subject to <u>Section 2</u> below, the Company shall make appropriate arrangements
to permit the Observer to attend such meeting by the same means and to hear the proceedings of such meeting in substantially the same
manner as Trustees attending by such means. Except as set forth in <u>Section 2</u> below, the Observer may observe discussions at meetings
of the Board or any committee thereof, but in no event shall the Observer, in the Observer's capacity as such, (i) be deemed to
be a Trustee or a member of, or consultant or advisor to, the Board (or any committee thereof) or (ii) have the right to call a meeting
of the Board or any committee thereof or vote on or propose any motions, resolutions, or other actions for a vote or approval by the Board
(or any committee thereof). Neither the Company nor the Board or any committee thereof shall have any obligation to act upon or otherwise
take into account any recommendations of or input from the Observer, and the Observer shall have no fiduciary, corporate opportunity (*provided* that, for the avoidance of doubt, nothing contained herein shall be deemed to modify the waiver of corporate opportunities (and exceptions
thereto) described in Section 9.8 of the Company's Third Amended and Restated Declaration of Trust (the " <u>Declaration of Trust</u> ") with respect to any Non-Employee Trustee (as defined in the Declaration of Trust) of whom the Observer is a Related
Person (as defined in the Declaration of Trust)) or other duties or obligations to the Company, any subsidiary of the Company, any shareholder
or other securityholder of the Company or any subsidiary of the Company, or any other person or entity arising from being the Observer.
Without limiting the notice and information rights and obligations in <u>Section 2</u> below, the presence of the Observer shall not be
required for purposes of establishing a quorum at any meeting of the Board or any committee thereof, or for the calling to order of any
such meeting of the Board or any committee thereof. For the avoidance of doubt, the Observer shall have no right to control the scheduling
of any of the meetings described in this <u>Section 1.1</u>. The rights granted to the Observer
pursuant to this <u>Section 1.1</u> shall terminate immediately upon the termination of this Agreement in accordance with <u>Section 5</u>.

1.2 <u>Compliance with Company Policies</u>. The Observer acknowledges that the Observer will comply with
all policies, processes, procedures, codes, rules, standards, and guidelines applicable, from time to time, to independent Trustees as
if the Observer was an independent Trustee, including any codes of conduct and policies concerning confidentiality, ethics, hedging and
pledging of the Company's securities, public disclosures, insider trading, and equity ownership (collectively, the " <u>Company Policies and Procedures</u> "). The Observer shall promptly provide the Company with such information as is reasonably requested
by the Company concerning the Observer as is required to be disclosed by relevant government or regulatory authorities.

2. <u>Meeting Attendance Exceptions; Notice and Information Rights</u>. Until the Observer ceases to serve
in such capacity, the Company shall make available to the Observer copies of all reports, notices, minutes, consents, actions taken or
proposed to be taken without a meeting by the Board or any committee thereof and other materials that the Company provides to Trustees
(collectively, " <u>Board Materials</u> "), each such delivery to be made concurrently with and in the same manner as the delivery
of such materials to the members of the Board; *provided* that the Observer may be excluded from attending (and from receiving any
relevant materials related to) discussions that may include Trustees that are not meetings of the Board or any committee thereof under
the Company's bylaws; *provided, further*, that the Observer may be excluded from attending any meeting or any portion thereof
(and from receiving any relevant materials) if the Board, based on the advice of counsel to the Company, reasonably determines in good
faith that: (a) attendance of such Observer or provision of materials thereto would reasonably be expected to result in a waiver or compromise
of any applicable privilege or protection, including, but not limited to, the attorney-client privilege, attorney work product protection,
or accountant-client privilege, or is prohibited by applicable law or any agreement or obligation binding on the Company (so long as such
restriction exists or has been negotiated in good faith by the Company not for the purpose of excluding or limiting the Observer); (b)
attendance of such Observer or provision of materials thereto would reasonably be expected to result in a breach of any confidentiality
agreement or obligation binding on the Company (so long as such restriction exists or has been negotiated in good faith by the Company
not for the purpose of excluding or limiting the Observer); (c) such discussion or materials relate to any matter in which the Designating
Party, the Observer, or any of their respective affiliates has a material conflict of interest as to the matter being discussed; (d) receipt
by the Observer would reasonably be expected to cause material harm to the interests and business affairs of the Company, including, for
the avoidance of doubt, by providing commercially sensitive information to a competitor of the Company, or result in disclosure of trade
secrets to a competitor of the Company; or (e) it is necessary for the Board to discharge its fiduciary duties. The rights granted to
the Observer pursuant to this <u>Section 2</u> shall terminate immediately upon the termination of this Agreement in accordance with <u>Section 5</u>.

3. <u>Confidential Information</u>.

3.1 To the extent any information obtained by the Observer from the Company is Confidential Information (as
defined below), the Observer will treat any such Confidential Information in accordance with the terms and conditions of this <u>Section 3</u>.

3.2 As used in this Agreement, " <u>Confidential Information</u> " means any and all information
or data concerning the Company or any of its controlled affiliates, whether in verbal, visual, written, electronic, or other form (including,
but not limited to, all Board Materials) received by the Observer from the Company or its controlled affiliates, together with all notes

is or becomes generally available to the public (other than as a result of the unauthorized disclosure of such information in violation
of this Agreement by the Observer); (b) is independently developed by the Designating Party, the Observer or any of their respective affiliates
(other than the Company and its controlled affiliates) without the use of Confidential Information; (c) becomes available to the Observer
at any time on a non-confidential basis from a third party that is not, to the Observer's knowledge, prohibited from disclosing
such information to the Observer by any contractual, legal, or fiduciary obligation; or (d) was known by the Observer prior to the Observer's
receipt thereof from the Company.

3.3 The Observer: (a) shall retain all Confidential Information in accordance with the terms of this Agreement
and acknowledges and agrees that the disclosure of such information in violation of this Agreement would cause irreparable harm to the
Company, (b) shall not disclose Confidential Information in any manner to any other person or entity except as expressly permitted by
this Section 3.3; and (c) shall use the Confidential Information solely in connection with (i) the evaluation of information for the benefit
of the Designating Party in connection with the Designating Party's investment in the Company, (ii) the exercise of the Observer's
rights as a non-voting observer of the Board as provided in this Agreement or (iii) monitoring and enforcing the Observer's rights
hereunder; *provided, however*, that the Observer may disclose Confidential Information (x) to the Designating Party or its affiliates
or its or their respective representatives so long as the Designating Party, its affiliates and its and their respective representatives
are obligated to keep such Confidential Information confidential in accordance with, and not to use or disclose such Confidential Information
except in compliance with, the terms of this Section 3.3 or (y) to the extent necessary to comply with applicable law, in which case,
to the extent not prohibited by law, the Observer shall give the Company prompt written notice of such requirement and cooperate with
the Company to seek a protective order or other appropriate remedies to obtain assurance that confidential treatment will be accorded
such Confidential Information.

3.4 At the time that the Observer ceases to serve in the capacity as a Board Observer, no matter the cause,
the Observer shall, in each case upon the request of the Company, (a) promptly return all Confidential Information received by the Observer
from the Company to the Company and (b) provide written certification to the Company that such materials have been so returned, no Confidential
Information received by the Observer from the Company remains in the Observer's possession, and no copies of Confidential Information
or materials derived therefrom have been retained, except to the extent retained as expressly permitted by the following proviso; *provided, however*, that the Observer may retain Confidential Information (i) if required by applicable law or any bona fide policies and procedures
of the Designating Party applicable to the Observer in order to comply with applicable law, regulation or professional standards or (ii)
to the extent it is "backed-up" on the Designating Party's electronic information management and communications systems
or servers, is not available to an end user and cannot be expunged without considerable effort; *provided*, *further*, that
any such retained Confidential Information shall remain subject to the confidentiality and use restrictions set forth in this Agreement.
The provisions of this <u>Section 3</u> shall survive the termination of this Agreement for a period of two years.

4. <u>Indemnity</u>. The Company shall, to the fullest extent permitted by Maryland law, indemnify and hold
harmless the Observer with respect to any and all losses, damages, claims, liabilities, costs and reasonable and documented expenses (including
attorneys' fees and expenses) that may arise directly or indirectly from, out of or based on any third-party or derivative claim,
action, suit, or proceeding asserted against the Observer arising directly or indirectly out of or relating to the Observer's service
as a Board Observer; *provided, however*, that the Company shall not be required to indemnify or hold harmless the Observer for any
losses, damages, claims, liabilities, costs and expenses (including attorneys' fees and expenses) that may arise directly or indirectly
from, out of or based on the Observer's material breach of any of the terms of this Agreement.

5. <u>Termination</u>.

5.1 If at any time the Designating Party is no longer entitled to designate a Board Observer under the Board
Observation Rights Agreement, the Observer shall no longer be entitled to the rights and privileges set forth in this Agreement.

5.2 The Company may also terminate this Agreement (but not the Board Observation Rights Agreement) upon written
notice to the Observer and the Designating Party on the date on which the Board determines that an act or failure to act by the Observer
constitutes Cause.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) For purposes of this Agreement, "Cause" means: (a) the Observer's commission of, indictment
for, or entry of a plea of guilty or nolo contendere to a felony (excluding vehicular crimes) or a crime of moral turpitude; (b) the Observer's
material breach of any material obligation under this Agreement or under any Company Policies and Procedures, and the Observer's
failure to cure the same (if capable of cure, as determined by the Board) within five days after written notice is delivered to the Observer
specifying the manner in which the Board believes that the Observer has materially breached such obligation; (c) any act of fraud, embezzlement,
theft, or misappropriation from the Company or its subsidiaries by the Observer; (d) the Observer's willful misconduct or gross
negligence with respect to any material aspect of the Company's business that has a material adverse effect on the Company or its
subsidiaries; or (e) the Observer's commission of an act of material dishonesty resulting in material reputational, economic, or
financial injury to the Company or its subsidiaries. Upon termination, the Observer shall no longer have any rights or privileges under
this Agreement; provided that no termination of this Agreement shall affect the rights or obligations provided in <u>Sections 3</u> and
4 and <u>Sections 6</u> through <u>16</u> hereof, which shall survive such termination, or affect any other provision of this Agreement
that is intended or contemplated to survive such termination as provided herein. Upon termination for Cause, the Designating Party shall
have the right to appoint an Observer under the Board Observation Rights Agreement, subject to such replacement Observer's execution
and delivery of a board observer agreement substantially in the form of this Agreement.

6. <u>Notices</u>. Any notice, request, instruction, or other communication to be given under this Agreement
by a Party shall be in writing and shall be deemed to have been given to the other Party (a) when delivered, if delivered in person or
by overnight delivery service (charges prepaid), (b) when sent, if sent via email with confirmation that the message was delivered (*provided* that no undeliverable message is received by the sender), or (c) when received, if sent by registered or certified mail, return receipt
requested, in each case, to the address, facsimile number, or email address of such Party set forth below and marked to the attention
of the designated individual; *provided* that, with respect to notices deliverable to the Company, such notices shall be delivered
solely via email:

If to the Company, to:

Office Properties Income Trust<br> Two Newton Place<br> 255 Washington Street, Suite 300<br> Newton, Massachusetts 02458-1634

Attention: Yael Duffy<br> Brian Donley <br> Email: YDuffy@rmrgroup.com; BDonley@rmrgroup.com

If to the Observer, to the address set forth on the signature page hereto.

7. <u>Governing Law</u>. This Agreement, and all claims or causes of action that are based on, arise out
of, or relate to this Agreement, will be governed by and construed in accordance with the laws of the State of Maryland without regard
to its conflicts of law rules and any other law that would cause the application of the laws (including the statute of limitations) of
any jurisdiction other than the State of Maryland. Each of the Parties hereto irrevocably agrees that any legal action or proceeding that
may be based upon, arise out of, or relate to this Agreement or the negotiation, execution, or performance hereof shall be brought and
determined exclusively in the state or federal courts located in the State of Maryland.

8. <u>WAIVER OF JURY TRIAL</u>. EACH PARTY WAIVES ANY RIGHT TO A TRIAL BY JURY IN ANY PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (B) SUCH PARTY
UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN
INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS <u>SECTION 8</u>.

9. <u>Equitable Relief</u>. The Parties agree that irreparable damage, for which monetary relief, even if
available, would not be an adequate remedy, would occur in the event that any provision of this Agreement is not performed in accordance
with its specific terms or is otherwise breached. It is accordingly agreed that, prior to the valid termination of this Agreement pursuant
to <u>Section 5</u>, the Parties will be entitled to an injunction or injunctions, specific performance, or other equitable relief to
prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof without proof of damages or otherwise,
this being in addition to any other remedy to which they are entitled under this Agreement. Prior to the valid termination of this Agreement
pursuant to <u>Section 5</u>, the Parties agree not to assert that a remedy of specific performance or other equitable relief is unenforceable,
invalid, contrary to law, or inequitable for any reason, and not to assert that a remedy of monetary damages would provide an adequate
remedy or that the Parties otherwise have an adequate remedy at law. The Parties acknowledge and agree that any Party pursuing an injunction
or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in accordance
with this <u>Section 9</u> will not be required to provide any bond or other security in connection with any such order. Except as otherwise
provided in this Agreement, the remedies available to the Parties pursuant to this <u>Section 9</u> will be in addition to any other remedy
to which they were entitled at law or in equity, and the election to pursue an injunction or specific performance will not restrict, impair
or otherwise limit any Party from seeking the payment of any liabilities, losses, damages, costs, or expenses related to any breach of
this Agreement.

10. <u>Entire Agreement</u>. This Agreement (together with the Board Observation Rights Agreement) shall contain the entire agreement among the Parties
and supersede all prior agreements, arrangements, and understandings, written or oral, among the Parties relating to the subject matter
of this Agreement.

11. <u>Construction</u>. The Parties have each participated in the negotiation and drafting of the terms of
this Agreement. The Parties agree that any rule of legal interpretation, to the effect that any ambiguity is to be resolved against the
drafting Party, will not apply in interpreting this Agreement and agree that this Agreement shall be construed as if drafted jointly by
the Parties with the intent that the Company is to be managed and operated in a manner that qualifies it for taxation as a "real
estate investment trust" within the meaning of sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the "Code"),
and that the Company shall at all times be managed by its Board in a manner that satisfies the requirements of section 856(a)(1) of the
Code and the Treasury regulations thereunder. The headings of the sections and paragraphs of this Agreement have been inserted for convenience
of reference only and will in no way restrict or otherwise modify any of the terms or provisions hereof. For the purposes of this Agreement,
except as otherwise expressly provided in this Agreement or unless the context otherwise requires: (a) the singular number shall include
the plural, and vice versa; (b) the neuter gender shall include masculine and feminine genders; (c) the words "include" and
"including," and variations thereof, shall not be deemed to be terms of limitation, but rather shall be deemed to be followed
by the words "without limitation"; (d) the word "extent" in the phrase "to the extent" shall mean
the degree to which a subject or other thing extends, and such phrase shall not mean simply "if"; (e) the word "will"
shall be deemed to have the same meaning and effect as the word "shall"; (f) the terms "or," "any,"
or "either" are not exclusive; (g) except as otherwise indicated, all references in this Agreement to "Sections"
are intended to refer to Sections of this Agreement; and (h) any reference to an applicable "law" shall be such law as amended
from time to time.

12. <u>Amendment and Waivers</u>. The Parties may amend, modify, or supplement this Agreement only by a written
agreement signed by the Company and the Observer. No failure or delay by a Party in enforcing any of such Party's rights under this
Agreement will be deemed to be a waiver of such rights. No single or partial exercise of a Party's rights will be deemed to preclude
any other or further exercise of such Party's rights under this Agreement. No waiver of any of a Party's rights under this
Agreement will be effective unless it is in writing and signed by such Party (subject to the limitations herein).

13. <u>Assignability</u>. The Observer may not assign or otherwise transfer this Agreement or any of the rights,
interests or obligations set forth in this Agreement, and any attempted transfer or assignment shall be null and void, and no transfer
or assignment shall be deemed to have occurred by operation of law.

14. <u>No Third-Party Beneficiaries</u>. This Agreement is solely for the benefit of the Parties, and nothing
in this Agreement, express or implied, is intended to or will confer on any other person any legal or equitable right, benefit, or remedy
of any nature whatsoever under or by reason of this Agreement.

15. <u>Severability</u>. If any provision of this Agreement is declared invalid, illegal, or unenforceable,
(a) all other provisions of this Agreement will remain in full force and effect and (b) the Parties shall negotiate in good faith to amend
or modify this Agreement to replace such invalid, illegal, or unenforceable provision with a valid, legal, and enforceable provision giving
effect to the Parties' intent to the maximum extent permitted by law.

16. <u>Counterparts</u>. This Agreement may be executed in two or more counterparts, all of which shall be
considered one and the same instrument and shall become effective when one or more counterparts have been signed by each of the Parties and
delivered to the other Party. This Agreement may be executed by .pdf signature and a .pdf signature shall constitute an original for all
purposes.

[*Signature Pages Follow*]

IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed as of the Effective Date.

---

| |
|:---|
| &nbsp;&nbsp;**COMPANY** |
| &nbsp;&nbsp;OFFICE PROPERTIES INCOME TRUST |
| &nbsp;&nbsp;By: |
| &nbsp;&nbsp;Name: |
| &nbsp;&nbsp;Title |

---

---

| |
|:---|
| &nbsp;&nbsp;**OBSERVER** |
| &nbsp;&nbsp;Name: |
| &nbsp;&nbsp;Address: |
| &nbsp;&nbsp;Email: |

---

[*Signature Page to Board Observer Agreement*]

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Office Properties Income Trust**

*(Name of Issuer)*

**Common Shares of Beneficial Interest**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Adam Bensley**<br>250 West 55th Street, 26th Floor<br>New York NY 10019<br>(212) 970-1400

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/17/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Redwood Capital Management, LLC** | Name of reporting person<br>**Redwood Capital Management, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4324000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4324000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4324000.00** | Aggregate amount beneficially owned by each reporting person<br>**4324000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**19.7%** | Percent of class represented by amount in Row (11)<br>**19.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Redwood Capital Management Holdings, LP** | Name of reporting person<br>**Redwood Capital Management Holdings, LP** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4324000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4324000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4324000.00** | Aggregate amount beneficially owned by each reporting person<br>**4324000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**19.7%** | Percent of class represented by amount in Row (11)<br>**19.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Double Twins K, LLC** | Name of reporting person<br>**Double Twins K, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4324000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4324000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4324000.00** | Aggregate amount beneficially owned by each reporting person<br>**4324000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**19.7%** | Percent of class represented by amount in Row (11)<br>**19.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**HC** | Type of Reporting Person (See Instructions)<br>**HC** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ruben Kliksberg** | Name of reporting person<br>**Ruben Kliksberg** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**4324000.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**4324000.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**4324000.00** | Aggregate amount beneficially owned by each reporting person<br>**4324000.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**19.7%** | Percent of class represented by amount in Row (11)<br>**19.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Shares of Beneficial Interest

**(b) Name of Issuer:**
Office Properties Income Trust

**(c) Address of Issuer's Principal Executive Offices:**
Two Newton Place, 255 Washington Street, Suite 300, NEWTON, MA, 02458

**Item 4. Purpose of Transaction**

The response to Item 3 of this Schedule 13D is incorporated by reference herein.

The Reporting Persons acquired the Secured Exit Notes and the Common Shares in connection with the Issuer's emergence from bankruptcy on the Effective Date.

On the Effective Date, the Issuer adopted its Fourth Amended and Restated Bylaws, which provides that the Board of Trustees (the "Board") of the Issuer shall include up to two Trustees who are initially designated for appointment to the Board by Redwood Capital, with such designation right consisting of (a) up to two Trustees so long as Redwood Capital and its affiliates beneficially own 10% or more of the outstanding Common Shares of the Issuer and (b) up to one Trustee so long as Redwood Capital and its affiliates beneficially own 5% or more of the outstanding Common Shares of the Issuer. Pursuant to the Fourth Amended and Restated Bylaws, Jonathan Kolatch was appointed to the Board, effective as of the Effective Date, as designated by Redwood Capital. Redwood Capital did not initially designate a second Trustee for appointment as of the Effective Date.

In addition, as of the Effective Date, the Issuer entered into a board observation rights agreement with Redwood Capital (the "Board Observation Rights Agreement"), which provides that Redwood Capital is entitled to appoint one non-voting Board Observer so long as Redwood Capital beneficially owns 15% or more of the outstanding Common Shares of the Issuer. Redwood Capital did not initially appoint a Board Observer as of the Effective Date. The foregoing description of the Board Observation Rights Agreement is qualified in its entirety by reference to the full text of the Board Observation Rights Agreement, which is attached hereto as Exhibit 99.2 and incorporated herein by reference.

In connection with strategic or other corporate transactions, the Reporting Persons have in the past engaged and expect to continue to engage in discussions with, and may exchange information with, potential strategic partners, acquirers/co-acquirers, investment professionals and potential financing sources, may participate in any related transaction as principal and/or as a provider of financing and may enter into agreements with respect to the foregoing. The Reporting Persons have in the past considered and may in the future consider a wide variety of matters and plans or proposals that could result in the occurrence of any of the matters set forth in clauses (a)-(j) of Item 4 of Schedule 13D. As a result of their ownership interest in the Issuer, the Reporting Persons exercise significant influence over the Issuer's business practices and strategy and all matters requiring action by the Issuer's shareholders, including the election of the Board of the Issuer and the ability as shareholders to approve or reject strategic or other corporate transactions.

The Reporting Persons review their investment in the Issuer on a continuing basis. Depending on various factors, including, without limitation, the Issuer's financial position, results of operations, price levels of the Common Shares, conditions in the securities market and general economic and industry conditions, the Reporting Persons may in the future take or propose to take such actions with respect to their investment in the Issuer as they deem appropriate, including, without limitation, acquiring additional Common Shares (or other securities of or interests in the Issuer) and/or the entirety of the Issuer or disposing of all or a portion of the Common Shares (or other securities of or interests in the Issuer, including the Secured Exit Notes) beneficially owned by them in the public markets, in privately negotiated transactions or otherwise, and potentially entering into derivative or other transactions that increase or decrease the Reporting Persons' economic interest in or control over the Issuer.

**Item 5. Interest in Securities of the Issuer**

**(a)**
See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of Common Shares and the percentage of the Common Shares beneficially owned by each of the Reporting Persons.

The percentage reported in this Schedule 13D is calculated based on 21,936,577 Common Shares outstanding as of June 17, 2026, as reported in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on June 23, 2026.

**(b)**
See rows (7) through (10) of the cover pages to this Schedule 13D for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.

**(c)**
Except as described in Item 4 of this Schedule 13D, no transactions in Common Shares have been effected by the Reporting Persons during the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The response to Item 3 and Item 4 of this Schedule 13D is incorporated by reference herein.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Redwood Capital Management, LLC

**Signature:** /s/ Ruben Kliksberg

**Name/Title:** Ruben Kliksberg / Managing Member of Double Twins K, LLC, the general partner of Redwood Capital Management Holdings, LP, its sole member

**Date:** 06/25/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Redwood Capital Management Holdings, LP

**Signature:** /s/ Ruben Kliksberg

**Name/Title:** Ruben Kliksberg / Managing Member of Double Twins K, LLC, its general partner

**Date:** 06/25/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Double Twins K, LLC

**Signature:** /s/ Ruben Kliksberg

**Name/Title:** Ruben Kliksberg / Managing Member

**Date:** 06/25/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ruben Kliksberg

**Signature:** /s/ Ruben Kliksberg

**Name/Title:** Ruben Kliksberg / Individually

**Date:** 06/25/2026