[Form 4] Choice Hotels Intnl. Insider Trading Activity

Rhea-AI Filing Summary

Kibo Investments Pte. Ltd. has filed Amendment No. 1 to a Schedule 13G reporting its beneficial ownership in Genco Shipping & Trading Limited (GNK). As of the event date 30 June 2025, Kibo holds 4,156,171 common shares, representing 9.7 % of the 42,959,464 shares outstanding (per the issuer’s 10-Q dated 07 May 2025). The Singapore-based investor reports sole voting and dispositive power over the entire stake and no shared power, indicating an independent, passive holding.

The filing was made under Rule 13d-1(c) for investors not seeking to influence control. The director Bernard Fung signed the certification on 02 July 2025. Crossing the 5 % threshold and approaching 10 % places Kibo among GNK’s largest shareholders, a data point that can affect ownership structure analyses, potential future proxy dynamics, and liquidity considerations.

Positive

• Kibo Investments now owns 9.7 % of GNK, signaling meaningful institutional interest.
• Sole voting & dispositive power over 4.16 M shares may provide stable, aligned shareholder voice.

Negative

• None.

Insights

Securities Analyst

TL;DR – Kibo discloses 9.7 % passive stake in GNK; adds noteworthy shareholder but no control intent.

The Amendment No. 1 Schedule 13G reveals that Kibo Investments now controls 4.16 million GNK shares, equating to 9.7 % of outstanding equity. Because Kibo filed on a 13G rather than 13D, it affirms a passive stance with no current intention to influence management or strategic direction. The stake size is large enough to place Kibo among the top holders, potentially improving stock liquidity and offering a vote of confidence in GNK’s valuation. However, the absence of purchase price, timing details, or strategic commentary limits immediate valuation impact. Overall, the disclosure is informative yet neutral-to-slightly-positive for investors tracking ownership concentration.

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 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)
07/03/2025

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	07/03/2025		A		436	A	$131.67(1)	11,929.2	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 $131.29 to $131.98, 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 sold at each separate price within the range set forth in this footnote.

	Sharon Houle Randall, Attorney In Fact	07/07/2025
	** 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.

FAQ

How many GNK shares does Kibo Investments own?

Kibo Investments reports ownership of 4,156,171 common shares of Genco Shipping & Trading.

What percentage of Genco Shipping does Kibo Investments control?

The filing states Kibo holds 9.7 % of GNK’s outstanding common stock.

Does Kibo share voting power with other parties?

No. Kibo lists sole voting and dispositive power over the entire 4.16 million-share stake.

When was the Schedule 13G/A event date for GNK?

The report covers an event date of 30 June 2025 with signature dated 02 July 2025.

Under which SEC rule was this Schedule 13G filed?

The form designates Rule 13d-1(c), applicable to passive investors exceeding the 5 % threshold.