Choice Hotels (CHH) director Ervin Shames reports common stock buy

Rhea-AI Filing Summary

Choice Hotels International director Ervin R. Shames reported acquiring additional common stock of the company. On January 15, 2026, he acquired 106.87 shares of Choice Hotels common stock in open-market transactions at a weighted average price of $108.34 per share.

The filing notes that the shares were bought in multiple trades at prices ranging from $108.21 to $108.39. After this purchase, Shames beneficially owns 46,055.5 shares of Choice Hotels common stock, held directly.

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

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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 MD 20852

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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

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

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

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	01/15/2026		A		106.87	A	$108.34(1)	46,055.5	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 $108.21 to $108.39, 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	01/16/2026
	** 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.
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FAQ

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

Ervin R. Shames, a director of Choice Hotels International (CHH), reported acquiring 106.87 shares of common stock of the company in a Form 4 filing.

When did Ervin R. Shames buy Choice Hotels (CHH) shares and at what price?

He acquired the 106.87 shares on January 15, 2026, at a weighted average price of $108.34 per share, with individual trades ranging from $108.21 to $108.39.

How many Choice Hotels (CHH) shares does Ervin R. Shames own after this transaction?

Following the reported transaction, Ervin R. Shames beneficially owns 46,055.5 shares of Choice Hotels common stock.

Is Ervin R. Shames’ ownership in CHH direct or through another entity?

The Form 4 lists his ownership as direct (D), indicating the 46,055.5 shares are held directly rather than through an intermediary entity.

Were the CHH shares bought by Ervin R. Shames in a single trade or multiple trades?

The filing explains that the shares were purchased in multiple transactions at prices between $108.21 and $108.39, with $108.34 reported as the weighted average price.

What does the weighted average price mean in Ervin R. Shames’ CHH Form 4?

The weighted average price of $108.34 reflects the average price across several trades between $108.21 and $108.39; the footnote states more detailed trade data is available upon request.