Choice Hotels director uses 46K shares for taxes

CHOICE HOTELS INTERNATIONAL INC (CHH) director Patrick Pacious reported a Form 4 transaction involving company common stock.

Rhea-AI Filing Summary

CHOICE HOTELS INTERNATIONAL INC (CHH) director Patrick Pacious reported a Form 4 transaction involving company common stock. On 2026-08-31, 46,122 shares were delivered or withheld to cover exercise price or tax liability at a reported price of $103.36 per share. Following this disposition for payment purposes, Pacious directly held 381,168 shares of CHH common stock.

Insider Trade Summary

Exercise Price or Tax Liability: 46,122 shares

Exercise Price or Tax Liability 1 txn

Insider Pacious Patrick

Role Director

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	46,122	$103.36	$4.77M

Holdings After Transaction: Common Stock — 381,168 shares (Direct)

Key Figures

Shares delivered or withheld: 46,122 shares of Common Stock Transaction price per share: $103.36 per share Shares held after transaction: 381,168 shares of Common Stock +1 more

4 metrics

Shares delivered or withheld 46,122 shares of Common Stock Used for payment of exercise price or tax liability on 2026-08-31

Transaction price per share $103.36 per share Valuation applied to the 46,122-share disposition

Shares held after transaction 381,168 shares of Common Stock Directly owned by Patrick Pacious following the 2026-08-31 transaction

Exercise price or tax liability dispositions 1 transaction, 46,122 shares Aggregate Form 4 summary for code F transactions in this filing

Key Terms

exercise price, tax liability, withholding securities, transaction code F

4 terms

exercise price financial

"Payment of exercise price or tax liability by delivering or withholding"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

tax liability financial

"Payment of exercise price or tax liability by delivering or withholding"

withholding securities financial

"by delivering or withholding securities"

transaction code F regulatory

"transaction code F indicates payment of exercise price or tax liability"

FAQ

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

What insider transaction did CHH director Patrick Pacious report on this Form 4?

Patrick Pacious reported that 46,122 shares of CHH common stock were delivered or withheld on 2026-08-31 as payment of exercise price or tax liability, coded as a Form 4 transaction type F.

At what price were the CHH shares valued in Patrick Pacious’s Form 4 transaction?

The 46,122 CHH shares in the Form 4 transaction were reported at a price of $103.36 per share, used for the disposition to pay the exercise price or tax liability.

How many CHH shares did Patrick Pacious hold after the reported Form 4 transaction?

After the 2026-08-31 disposition for payment of exercise price or tax liability, Patrick Pacious directly held 381,168 shares of CHH common stock.

Was Patrick Pacious’s CHH Form 4 transaction under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is marked as false, indicating the reported CHH transaction was not affirmed as being made under a Rule 10b5-1 trading plan.

What does transaction code F mean in Patrick Pacious’s CHH Form 4?

Transaction code F indicates a disposition of CHH shares used for payment of exercise price or tax liability by delivering or withholding securities, rather than an open-market sale.

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

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Available on EDGAR 09/01/2026 - 01:02 PM EDT Accepted by SEC EDGAR 09/01/2026 - 01:01 PM 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^*

Pacious Patrick

(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)
08/31/2026

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	08/31/2026		F		46,122	D	$103.36	381,168	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:

	Sharon Houle Randall, Attorney In Fact	09/01/2026
	** 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)