Summit Hotel Properties director awarded 22,293 shares

Patel Mehulkumar Bhikhubhai reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Patel Mehulkumar Bhikhubhai reported acquisition or exercise transactions in this Form 4 filing.

Summit Hotel Properties, Inc. director Mehulkumar Bhikhubhai Patel received a grant of 22,293 shares of Common Stock, recorded at a price of $0.00 per share as a compensation-related award. Following this grant, his directly held position increased to 95,686 shares.

A footnote explains that this total no longer includes shares previously reported as indirectly held through Sagestar Family, LLC, which are no longer considered to be beneficially owned by him. The filing reflects both the new award and this change in how indirect holdings are counted.

Insider Trade Summary

Grant/Award: 22,293 shares

Grant/Award 1 txn

Insider Patel Mehulkumar Bhikhubhai

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	22,293	$0.00	$0.00

Holdings After Transaction: Common Stock — 95,686 shares (Direct)

Footnotes (1)

1. F1. Does not reflect shares previously reported as indirectly held by Sagestar Family, LLC that are no longer considered to be beneficially owned by the reporting person.

Key Figures

Shares granted: 22,293 shares Price per granted share: $0.00 per share Total shares after transaction: 95,686 shares +1 more

4 metrics

Shares granted 22,293 shares Common Stock grant to director on 2026-05-20

Price per granted share $0.00 per share Compensation-related award, not open-market purchase

Total shares after transaction 95,686 shares Director’s direct holdings following the grant

Acquire transactions 1 transaction Form 4 transaction summary for this event

Key Terms

Grant, award, or other acquisition, Common Stock, beneficially owned

3 terms

Grant, award, or other acquisition financial

"transaction code description is “Grant, award, or other acquisition” for the 22,293 shares"

Common Stock financial

"The reported security title for this transaction is Common Stock"

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.

beneficially owned financial

"shares ... are no longer considered to be beneficially owned by the reporting person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

FAQ

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

What insider transaction did INN director Mehulkumar Patel report?

Director Mehulkumar Bhikhubhai Patel reported receiving a grant of 22,293 Summit Hotel Properties Common Stock shares. The award was recorded at $0.00 per share, indicating a compensation-related grant rather than an open-market purchase of stock.

How many Summit Hotel Properties (INN) shares does the director hold after the grant?

After the award, Mehulkumar Bhikhubhai Patel directly holds 95,686 shares of Summit Hotel Properties Common Stock. This figure reflects his direct ownership and incorporates the newly granted 22,293 shares reported in this Form 4 filing.

Was the INN director’s 22,293-share transaction an open-market stock purchase?

No, the 22,293 shares were acquired through a grant recorded at $0.00 per share. The Form 4 describes the transaction as a “Grant, award, or other acquisition,” indicating it is compensation-related rather than a cash purchase in the open market.

What does the Sagestar Family, LLC footnote mean for INN insider ownership?

The footnote states that shares previously reported as indirectly held through Sagestar Family, LLC are no longer considered beneficially owned by the reporting person. This means his current reported holdings exclude those LLC shares, focusing only on amounts now treated as personally beneficially owned.

Does this INN Form 4 show any insider stock sales or disposals?

The Form 4 shows no stock sales or disposals by the director. It reports one acquisition transaction, a grant of 22,293 Common Stock shares, and updates his total direct holdings to 95,686 shares following that compensation-related award.

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

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Accepted by SEC EDGAR 05/21/2026 - 05:07 PM Learn about SEC filing dates

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^*

Patel Mehulkumar Bhikhubhai

(Last) (First) (Middle)

13215 BEE CAVE PARKWAY,

SUITE B-300

(Street)

AUSTIN TEXAS 78738

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Summit Hotel Properties, Inc. [ INN ]

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)
05/20/2026

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	05/20/2026		A		22,293	A	$0	95,686(1)	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. Does not reflect shares previously reported as indirectly held by Sagestar Family, LLC that are no longer considered to be beneficially owned by the reporting person.

Remarks:

	/s/ Christopher R. Eng, as Attorney-in-Fact	05/21/2026
	** 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)