Summit Hotel Properties (INN) director discloses 10,000-share sale
Rhea-AI Filing Summary
Summit Hotel Properties, Inc. director reported an insider transaction in the company’s common stock. On 12/18/2025, the director sold 10,000 shares of common stock at $5.12 per share.
After this sale, the director directly owned 73,393 shares of common stock and had indirect beneficial ownership of 469,295 shares through Sagestar Family, LLC. The filing notes these shares were issued to an entity partially owned by the reporting person, who disclaims beneficial ownership except to the extent of his pecuniary interest in them.
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FAQ
What insider transaction was reported for Summit Hotel Properties (INN)?
A director of Summit Hotel Properties, Inc. reported selling 10,000 shares of the company’s common stock on 12/18/2025 at a price of $5.12 per share.
How many Summit Hotel Properties (INN) shares does the director own after the sale?
Following the reported transaction, the director directly owns 73,393 shares of common stock and has indirect beneficial ownership of 469,295 shares through Sagestar Family, LLC.
What is the indirect ownership reported in the Summit Hotel Properties (INN) Form 4?
The Form 4 states that 469,295 shares of Summit Hotel Properties common stock are indirectly owned through Sagestar Family, LLC, an entity partially owned by the reporting person.
Does the director fully claim beneficial ownership of the indirectly held INN shares?
No. The filing explains that the shares were issued to an entity partially owned by the reporting person, who disclaims beneficial ownership of those common shares except to the extent of his pecuniary interest.
What type of SEC form reports this Summit Hotel Properties (INN) insider trade?
The insider transaction is reported on an SEC Form 4, which discloses changes in the beneficial ownership of Summit Hotel Properties common stock by a company insider.
What is the insider’s relationship to Summit Hotel Properties (INN)?
The reporting person identified in the filing is a Director of Summit Hotel Properties, Inc., as indicated in the relationship section of the form.