Choice Hotels (NYSE: CHH) director buys 109 shares around $106

Rhea-AI Filing Summary

Choice Hotels International director Ervin R. Shames acquired 109.5100 shares of Common Stock on July 15, 2026 through multiple purchase transactions at a weighted average price of $106.26 per share, within a price range of $105.86 to $106.69. After this acquisition, he directly holds 47,833.6900 shares. The filing indicates the transaction was not executed under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 109.51 shares

Net Buy 1 txn

Insider SHAMES ERVIN R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	109.51	$106.26	$12K

Holdings After Transaction: Common Stock — 47,833.69 shares (Direct)

Footnotes (1)

1. F1. Weighted average price, as these shares were purchased in multiple transactions at prices ranging from $105.86 to $106.69, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Key Figures

Shares acquired: 109.5100 shares Weighted average price: $106.26 per share Purchase price range: $105.86–$106.69 per share +1 more

4 metrics

Shares acquired 109.5100 shares Non-derivative Common Stock acquired on July 15, 2026

Weighted average price $106.26 per share Weighted average purchase price across multiple transactions

Purchase price range $105.86–$106.69 per share Range of prices for the multiple purchase transactions

Shares held after transaction 47,833.6900 shares Direct Common Stock ownership after reported acquisition

Key Terms

weighted average price, Securities and Exchange Commission

2 terms

weighted average price financial

"Weighted average price, as these shares were purchased in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Securities and Exchange Commission regulatory

"the staff of the Securities and Exchange Commission, upon request, additional information"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/17/2026 - 09:17 AM Accepted by SEC EDGAR 07/17/2026 - 09:16 AM Learn about SEC filing dates

FAQ

What insider transaction did Ervin R. Shames report for CHH?

Ervin R. Shames reported acquiring 109.5100 shares of Choice Hotels (CHH) Common Stock on July 15, 2026. The shares were purchased in multiple transactions at a weighted average price of $106.26, and his direct holdings rose to 47,833.6900 shares.

At what prices were the CHH shares purchased in this insider trade?

The CHH shares were bought at a weighted average price of $106.26 per share. According to the footnote, individual transactions occurred at prices ranging from $105.86 to $106.69, and the insider offers to provide a detailed breakdown upon request.

How many CHH shares does Ervin R. Shames own after the reported transaction?

Following the July 15, 2026 acquisition, Ervin R. Shames directly owns 47,833.6900 shares of Choice Hotels Common Stock. This figure reflects his total direct holdings after adding the 109.5100 shares purchased in the reported transaction.

Was the CHH insider trade by Ervin R. Shames under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, indicating the transaction was not executed under a Rule 10b5-1 trading plan. The trade is therefore not identified as pre-arranged under such a plan in this report.

Is the latest CHH Form 4 for Ervin R. Shames a buy or sell transaction?

The Form 4 for Choice Hotels (CHH) reports an acquisition of Common Stock by Ervin R. Shames. He acquired 109.5100 shares through purchase transactions, and there are no reported sales or dispositions in this particular filing.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SHAMES ERVIN R

(Last) (First) (Middle)

915 MEETING STREET

SUITE 600

(Street)

NORTH BETHESDA MARYLAND 20852

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CHOICE HOTELS INTERNATIONAL INC /DE [ CHH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/15/2026		A		109.51	A	$106.26(1)	47,833.69	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Weighted average price, as these shares were purchased in multiple transactions at prices ranging from $105.86 to $106.69, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

	Jeff Lobb, Attorney In Fact	07/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)