STOCK TITAN

InnSuites Insider Kutasi's Stock Sales Reach $22K in Three Months

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

InnSuites Hospitality Trust (NYSE: IHT) has filed a Form 144 notice for a proposed sale of 5,000 shares of beneficial interest without par value, with an aggregate market value of $11,450. The sale is planned for June 25, 2025, through Charles Schwab & Co.

The securities were originally acquired on February 1, 2013, as a stock grant from the issuer for services rendered. The filing also discloses significant recent trading activity by Mr. Leslie T. Kutasi, who has sold 9,454 shares in multiple transactions between May 13-30, 2025, for total gross proceeds of approximately $22,710.

Key transaction details:

  • Current outstanding shares: 8,763,485
  • Average sale price of proposed transaction: $2.29 per share
  • Seller confirms no knowledge of undisclosed material adverse information

Positive

  • None.

Negative

  • Insider Leslie T. Kutasi has engaged in consistent selling over the past 3 months, disposing of 9,454 shares for approximately $22,710, and plans to sell an additional 5,000 shares worth $11,450
  • The pattern of frequent, smaller sales followed by a larger planned sale could indicate bearish insider sentiment

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

How many IHT shares is the insider planning to sell according to the June 2025 Form 144?

According to the Form 144 filing, the insider plans to sell 5,000 shares of IHT's beneficial interest without par value, with an aggregate market value of $11,450.00. The sale is expected to occur around June 25, 2025 through Charles Schwab & Co.

How did the IHT insider initially acquire the shares being sold?

The insider acquired the 5,000 shares on February 1, 2013 through a Stock Grant from the issuer as compensation for services rendered.

What is the recent selling history of IHT insider Leslie T. Kutasi in May 2025?

Mr. Leslie T. Kutasi sold multiple blocks of IHT common shares in May 2025, totaling 9,454 shares for approximately $22,708 in gross proceeds. The largest single transactions were 2,500 shares on May 30, 2025 ($5,648.06) and 2,490 shares on May 21, 2025 ($6,141.04).

What is the total number of IHT shares outstanding as of June 2025?

According to the Form 144 filing, IHT has 8,763,485 shares outstanding as of June 2025.

Where will the proposed IHT share sale take place?

The proposed sale of IHT shares will take place on the NYSE (New York Stock Exchange) through broker Charles Schwab & Co., located at 3000 Schwab Way, Westlake TX 76262.