Choice Hotels (CHH) executive acquires 9.06 shares at $106.26 average price

Q: What insider transaction did CHH executive Raul Ramirez Sanchez report?

Raul Ramirez Sanchez reported acquiring 9.06 shares of Choice Hotels (CHH) Common Stock. The transaction occurred on 2026-07-15 and was coded as a grant, award or other acquisition rather than a standard open-market purchase or sale.

Q: At what price did the CHH shares change hands in this Form 4 transaction?

The 9.06 Choice Hotels (CHH) shares were acquired at a weighted average price of $106.26 per share . According to the filing, the individual purchase prices ranged from $105.86 to $106.69 per share across multiple transactions.

Q: Was the CHH insider transaction made under a Rule 10b5-1 trading plan?

The filing indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan . The Rule 10b5-1 checkbox was left unchecked, suggesting the timing was not governed by a pre-arranged trading plan for this CHH insider trade.

Q: What security class was involved in the CHH Form 4 insider transaction?

The transaction involved Common Stock of Choice Hotels (CHH). Raul Ramirez Sanchez acquired 9.06 shares of this class at a weighted average price of $106.26 per share , with direct holdings rising to 24,041.22 shares afterward.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Choice Hotels International Inc. (CHH) reported that Chief Seg & Intl Op Officer Raul Ramirez Sanchez acquired 9.06 shares of Common Stock on 2026-07-15 at a weighted average price of $106.26 per share, with individual purchase prices ranging from $105.86 to $106.69. Following this transaction, his direct holdings increased to 24,041.22 shares of Common Stock. The acquisition was coded as a grant, award or other acquisition and was not marked as made under a Rule 10b5-1 trading plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ramirez Sanchez Raul

Role Chief Seg & Intl Op Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	9.06	$106.26	$962.72

Holdings After Transaction: Common Stock — 24,041.22 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 9.06 shares Weighted average price: $106.26 per share Price range: $105.86–$106.69 per share +1 more

4 metrics

Shares acquired 9.06 shares Common Stock transaction on 2026-07-15

Weighted average price $106.26 per share Average price for the 9.06 shares acquired

Price range $105.86–$106.69 per share Individual purchase prices within the reported transaction

Total direct holdings after transaction 24,041.22 shares Direct Common Stock ownership following the acquisition

Key Terms

weighted average price, Securities and Exchange Commission, Chief Seg & Intl Op Officer

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.

Securities and Exchange Commission regulatory

"or the staff of the Securities and Exchange Commission, upon request"

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.

Chief Seg & Intl Op Officer financial

"officer_title": "Chief Seg & Intl Op Officer""

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 - 09:32 AM Accepted by SEC EDGAR 07/17/2026 - 09:31 AM

FAQ

What insider transaction did CHH executive Raul Ramirez Sanchez report?

Raul Ramirez Sanchez reported acquiring 9.06 shares of Choice Hotels (CHH) Common Stock. The transaction occurred on 2026-07-15 and was coded as a grant, award or other acquisition rather than a standard open-market purchase or sale.

At what price did the CHH shares change hands in this Form 4 transaction?

The 9.06 Choice Hotels (CHH) shares were acquired at a weighted average price of $106.26 per share. According to the filing, the individual purchase prices ranged from $105.86 to $106.69 per share across multiple transactions.

How many CHH shares does Raul Ramirez Sanchez hold after this transaction?

After the reported acquisition, Raul Ramirez Sanchez directly holds 24,041.22 shares of Choice Hotels (CHH) Common Stock. This figure reflects his direct ownership immediately following the 9.06-share transaction disclosed in the Form 4 filing.

Was the CHH insider transaction made under a Rule 10b5-1 trading plan?

The filing indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan. The Rule 10b5-1 checkbox was left unchecked, suggesting the timing was not governed by a pre-arranged trading plan for this CHH insider trade.

What security class was involved in the CHH Form 4 insider transaction?

The transaction involved Common Stock of Choice Hotels (CHH). Raul Ramirez Sanchez acquired 9.06 shares of this class at a weighted average price of $106.26 per share, with direct holdings rising to 24,041.22 shares afterward.

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)
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/15/2026		A		9.06	A	$106.26⁽¹⁾	24,041.22	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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)

Source: View Original Filing on SEC EDGAR