Is the Hanson transaction in Summit Hotel Properties (INN) an open-market buy or a share award?

The transaction is a share award, not an open-market buy. It is coded A, described as a grant, award, or other acquisition, with a per-share price of $0.0000, signaling compensation in stock rather than a purchase at prevailing market prices.

Does the Form 4 for Summit Hotel Properties (INN) show any insider share sales by Hanson?

The Form 4 does not show any sales by Bjorn R.L. Hanson. It reports one acquisition transaction coded A, representing a grant of 22,293 Common Stock shares, and no sell transactions, with the net buy-sell direction characterized as neutral in the transaction summary.

Director Hanson receives stock grant at Summit Hotel Properties (NYSE: INN)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Hanson Bjorn R.L. reported acquisition or exercise transactions in this Form 4 filing.

Summit Hotel Properties, Inc. director Bjorn R.L. Hanson received a grant of 22,293 shares of Common Stock on May 20, 2026. The award carried no cash purchase price and increased his directly held position to 180,263 shares, reflecting a routine equity compensation grant rather than an open-market buy.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hanson Bjorn R.L.

Role null

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

Holdings After Transaction: Common Stock — 180,263 shares (Direct, null)

Footnotes (1)

Key Figures

Shares granted: 22,293 shares Grant price: $0.0000 per share Shares held after: 180,263 shares +1 more

4 metrics

Shares granted 22,293 shares Common Stock grant on May 20, 2026

Grant price $0.0000 per share Equity award, non-cash

Shares held after 180,263 shares Total direct holdings after grant

Transactions acquiring 1 transaction Form 4 transaction summary, acquisition code A

Key Terms

Common Stock, Grant, award, or other acquisition, total_shares_following_transaction

3 terms

Common Stock financial

""security_title": "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.

Grant, award, or other acquisition financial

""transaction_code_description": "Grant, award, or other acquisition""

total_shares_following_transaction financial

""total_shares_following_transaction": "180263.0000""

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 05:09 PM

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^*

Hanson Bjorn R.L.

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/20/2026		A		22,293	A	$0	180,263	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Summit Hotel Properties (INN) disclose for Bjorn R.L. Hanson?

Summit Hotel Properties reported that director Bjorn R.L. Hanson received a grant of 22,293 shares of Common Stock on May 20, 2026. This was recorded as a compensation-related award, not an open-market purchase, under transaction code A on a Form 4 filing.

How many Summit Hotel Properties (INN) shares does Bjorn R.L. Hanson hold after this grant?

After the May 20, 2026 grant, Bjorn R.L. Hanson directly holds 180,263 shares of Summit Hotel Properties Common Stock. This total reflects the addition of 22,293 awarded shares to his prior holdings, as disclosed in the Form 4 insider transaction report.

Was cash paid for the 22,293 Summit Hotel Properties (INN) shares granted to Hanson?

No cash was paid for these 22,293 shares. The Form 4 shows a transaction price per share of $0.0000, indicating they were granted as equity compensation rather than purchased in the market, consistent with transaction code A for a grant or award.