Choice Hotels officer Sanchez Raul Ramirez acquires 9 shares

The footnote places the multiple-transaction purchase prices between $103.54 and $103.82 per share, inclusive.

Rhea-AI Filing Summary

Choice Hotels International (CHH) reported that Chief Seg & Intl Op Officer Sanchez Raul Ramirez acquired 9 shares of common stock directly on October 15, 2026, in a grant or award transaction. The reported resulting direct holdings were 24,051 shares. A linked footnote describes the shares as purchased in multiple transactions and labels $103.61 per share as the weighted-average price.

Insider Trade Summary

Grant/Award: 9.32 shares

Grant/Award 1 txn

Insider Ramirez Sanchez Raul

Role Chief Seg & Intl Op Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	9.32	$103.61	$965.65

Holdings After Transaction: Common Stock — 24,050.54 shares (Direct)

Footnotes (1)

1. F1. Weighted average price, as these shares were purchased in multiple transactions at prices ranging from $103.54 to $103.82, 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: 9 shares Weighted-average price: $103.61 per share Transaction-price range: $103.54–$103.82 per share +1 more

4 metrics

Shares acquired 9 shares Direct grant or award acquisition on October 15, 2026

Weighted-average price $103.61 per share Reported for the acquisition

Transaction-price range $103.54–$103.82 per share Inclusive range for multiple transactions stated in the footnote

Resulting direct holdings 24,051 shares Following the transaction

Key Terms

weighted average price, grant, award, or other acquisition, non-derivative

3 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.

grant, award, or other acquisition financial

"Grant, award, or other acquisition"

non-derivative technical

"non-derivative"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did the CHH officer acquire?

Sanchez Raul Ramirez, Chief Seg & Intl Op Officer at CHH, acquired 9 shares of common stock directly on October 15, 2026, in a grant or award transaction. The reported resulting direct holdings were 24,051 shares. A linked footnote describes the shares as purchased in multiple transactions at prices from $103.54 to $103.82 per share, inclusive, and gives a $103.61 weighted-average price.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/16/2026 - 11:56 AM EDT Accepted by SEC EDGAR 10/16/2026 - 11:56 AM EDT Learn about SEC filing dates

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^*

Ramirez Sanchez Raul

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Seg & Intl Op Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

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	10/15/2026		A		9.32	A	$103.61(1)	24,050.54	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 $103.54 to $103.82, 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.

	Sharon Houle Randall, Attorney In Fact	10/16/2026
	** 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)