Director at Choice Hotels (NYSE: CHH) buys 98.67 common shares

Rhea-AI Filing Summary

Choice Hotels International director Ervin R. Shames acquired 98.67 shares of Common Stock on April 15, 2026 at a weighted average price of $117.65 per share. According to the disclosure, the shares were purchased in multiple transactions at prices ranging from $117.43 to $117.80.

Following this transaction, Shames directly owns 46,154.20 shares of Choice Hotels International common stock. The trade modestly increases his existing ownership stake and reflects a relatively small addition compared with his overall reported holdings.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SHAMES ERVIN R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	98.67	$117.65	$12K

Holdings After Transaction: Common Stock — 46,154.2 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 98.67 shares Weighted average price: $117.65 per share Price range: $117.43–$117.80 per share +1 more

4 metrics

Shares acquired 98.67 shares Common Stock acquired on April 15, 2026

Weighted average price $117.65 per share Average purchase price across multiple trades

Price range $117.43–$117.80 per share Range of individual transaction prices

Post-transaction holdings 46,154.20 shares Total Common Stock owned directly after acquisition

Key Terms

Form 4, weighted average price, Common Stock, non-derivative

4 terms

Form 4 regulatory

"The latest Form 4 shows Ervin R. Shames acquired 98.67 shares"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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.

Common Stock financial

"security_title: "Common Stock" for the reported transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

non-derivative financial

"transaction_type is listed as "non-derivative" for this acquisition"

Form 4 Insider Transactions: What Each Field Means →

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)
04/15/2026

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	04/15/2026		A		98.67	A	$117.65(1)	46,154.2	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 $117.43 to $117.80, 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	04/16/2026
	** 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)

FAQ

What did director Ervin R. Shames do in the latest CHH Form 4 filing?

Ervin R. Shames acquired 98.67 CHH common shares. The shares were bought on April 15, 2026 at a weighted average price of $117.65, through multiple trades between $117.43 and $117.80, modestly increasing his direct holdings.

How many Choice Hotels (CHH) shares does Ervin R. Shames now hold?

Shames now directly holds 46,154.20 CHH shares. This figure reflects his position after acquiring 98.67 additional shares in April 2026, showing that the latest purchase is small relative to his overall reported ownership.

At what price did Ervin R. Shames buy CHH shares in this transaction?

The weighted average purchase price was $117.65 per CHH share. The Form 4 notes that the 98.67 shares were bought in multiple trades, with individual prices ranging from $117.43 to $117.80 on April 15, 2026.

Does the CHH Form 4 indicate multiple trade prices for Shames’s purchase?

Yes, the filing specifies a price range for the trades. While it reports a weighted average of $117.65 per share, it clarifies that the 98.67 shares were purchased in separate transactions between $117.43 and $117.80.

Is the recent CHH insider transaction a buy or a sale?

The reported CHH insider transaction is a purchase. Director Ervin R. Shames acquired 98.67 shares of Choice Hotels common stock, increasing his direct holdings to 46,154.20 shares following the April 15, 2026 trades.