Choice Hotels (NYSE: CHH) director reports 29.16-share acquisition

Rhea-AI Filing Summary

Director Maureen Sullivan of Choice Hotels International acquired 29.16 shares of common stock on July 15, 2026 at a weighted-average price of $106.26 per share, with individual trade prices between $105.86 and $106.69. Following this acquisition, her direct holdings totaled 13,621.57 shares. The transaction was not marked as pursuant to a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 29.16 shares

Net Buy 1 txn

Insider Maureen Sullivan

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	29.16	$106.26	$3K

Holdings After Transaction: Common Stock — 13,621.57 shares (Direct)

Footnotes (1)

1. F1. 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.

Key Figures

Shares acquired: 29.1600 shares Weighted-average price per share: $106.2600 Trade price range: $105.86-$106.69 +2 more

5 metrics

Shares acquired 29.1600 shares Non-derivative common stock acquisition on July 15, 2026

Weighted-average price per share $106.2600 Average price paid across multiple trades in this transaction

Trade price range $105.86-$106.69 Individual purchases within this range, as described in the footnote

Direct holdings after transaction 13,621.5700 shares Total direct ownership following the reported acquisition

Transaction date July 15, 2026 Date of the reported common stock acquisition

Key Terms

weighted average price, Rule 10b5-1, common stock

3 terms

weighted average price financial

"Weighted average price, as these shares were purchased in multiple"

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.

Rule 10b5-1 regulatory

"The transaction was not marked as pursuant to a Rule 10b5-1 trading plan"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

common stock financial

"29.16 shares of common stock on July 15, 2026"

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.

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 - 09:26 AM Accepted by SEC EDGAR 07/17/2026 - 09:26 AM Learn about SEC filing dates

FAQ

What insider transaction did Maureen Sullivan report for CHH?

Maureen Sullivan reported acquiring 29.16 shares of Choice Hotels (CHH) common stock on July 15, 2026. This non-derivative acquisition increased her direct ownership position to 13,621.57 shares in the company’s common stock.

At what price were the CHH shares acquired in Maureen Sullivan’s transaction?

The reported shares were acquired at a weighted-average price of $106.26 per share. A footnote explains they were purchased in multiple trades at prices ranging from $105.86 to $106.69, with $106.26 reflecting the overall average.

How many CHH shares does Maureen Sullivan own after this insider transaction?

After the reported transaction, Maureen Sullivan directly owns 13,621.57 shares of Choice Hotels (CHH) common stock. This figure reflects her total direct holdings immediately following the 29.16-share acquisition disclosed in the insider report.

Was Maureen Sullivan’s CHH transaction made under a Rule 10b5-1 trading plan?

The report indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan. The specific checkbox for Rule 10b5-1 arrangements was left unchecked, and no footnote describes the trade as part of a pre-arranged plan.

What position does Maureen Sullivan hold at Choice Hotels (CHH) in this report?

In this insider report, Maureen Sullivan is identified as a director of Choice Hotels (CHH). She is not listed as an officer or 10% owner, and the reported transaction involves her direct ownership of common stock.

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^*

Maureen Sullivan

(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)
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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/15/2026		A		29.16	A	$106.26(1)	13,621.57	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 $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)