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InnSuites holder plans 16,000-share stock sale

A 10% stockholder of INNSUITES HOSPITALITY TRUST has filed a Rule 144 notice to sell 16,000 common shares originally received via stock grant.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

INNSUITES HOSPITALITY TRUST (IHT) has a notice under Rule 144 for a planned resale of restricted securities by a 10% stockholder. Marc E. Berg filed to sell 16,000 shares of common stock, originally received as a stock grant from the issuer on August 25, 2000.

The shares are held for the account of Marc Edward Berg, Trustee of the Marc E. Berg Family Trust U/A DTD 11/03/1998 and are to be sold through Charles Schwab Corp. The notice estimates an aggregate sale price of $22,560 for these shares, with the common stock traded on the NYSE.

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Shares to be sold 16,000 shares Common stock proposed for sale by 10% stockholder Marc E. Berg under Rule 144
Estimated aggregate sale price $22,560 Estimated total proceeds for the 16,000 shares of common stock to be sold
Shares outstanding 11,224,569 shares Number of common shares or other units outstanding listed in the securities information section
Planned sale date September 17, 2026 Approximate date of sale for the 16,000 common shares
Original acquisition date August 25, 2000 Date the 16,000 shares were acquired as a stock grant from the issuer
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
10% Stockholder financial
"Name of Person for Whose Account the Securities are To Be Sold | BERG MARC E 10% Stockholder"
Stock Grant financial
"Common | 08/25/2000 | Stock Grant | Issuer"
A stock grant is an award of company shares given to an individual, often as part of compensation for employees or executives. It matters to investors because grants can change the number of shares outstanding (dilution) and signal how company leaders are being paid and motivated—think of it like receiving a slice of the company as part of your paycheck, which can affect ownership and future share supply.
trustee financial
"Trade to be placed in MARC EDWARD BERG TTEE MARC E BERG FAMILY TRUST"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for INNSUITES HOSPITALITY TRUST (IHT)?

It discloses that Marc E. Berg, a 10% stockholder, has filed a notice under Rule 144 to sell 16,000 shares of INNSUITES HOSPITALITY TRUST common stock, with an estimated aggregate sale price of $22,560.

How many IHT shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of 16,000 shares of INNSUITES HOSPITALITY TRUST common stock. These shares are planned to be sold for an estimated aggregate amount of $22,560, according to the filing.

Who is selling the IHT shares and in what capacity?

The seller is Marc E. Berg, identified as a 10% stockholder. The remarks state the trade is to be placed in the name of Marc Edward Berg, Trustee of the Marc E. Berg Family Trust U/A DTD 11/03/1998.

When were the IHT shares to be sold originally acquired?

The 16,000 shares covered by this Form 144 were acquired on August 25, 2000 as a stock grant from the issuer, INNSUITES HOSPITALITY TRUST, according to the securities information section.

What is the estimated value of the IHT shares to be sold under Rule 144?

The filing estimates an aggregate sale price of $22,560 for the 16,000 shares of common stock proposed to be sold. This estimate appears in the securities information section associated with the planned transaction.

Through which broker and market are the IHT shares expected to be sold?

The shares are listed as common stock of INNSUITES HOSPITALITY TRUST to be sold through Charles Schwab Corp., with the trading market noted as the NYSE in the securities information section of the notice.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

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

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