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Vanguard Amends 13G: Reports 0% Stake in Summit Hotel Properties (INN)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Summit Hotel Properties Inc — Schedule 13G/A amendment from The Vanguard Group. The filing states that, following an internal realignment effective January 12, 2026, The Vanguard Group reports zero shares beneficially owned of Summit Hotel Properties Inc common stock (CUSIP 866082100), representing 0 shares and 0% of the class. The filing explains that certain Vanguard subsidiaries will report beneficial ownership separately in reliance on SEC Release No. 34-39538 and that Vanguard no longer is deemed to beneficially own securities held by those subsidiaries. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026. The issuer's principal office address is listed as 13215 Bee Cave Parkway, Suite B-300, Austin, TX 78738.

Positive

  • None.

Negative

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Insights

Routine disclosure: Vanguard disaggregated reporting leaves it with zero reported holdings in INN.

The filing documents an internal Vanguard realignment effective January 12, 2026 and states Vanguard reports 0 shares and 0% beneficial ownership in Summit Hotel Properties Inc (CUSIP 866082100). This is a mechanical ownership-reporting change under SEC Release No. 34-39538 rather than a market trade.

Implications depend on how the disaggregated subsidiaries report going forward; subsequent amendments or separate 13Gs from Vanguard entities may show beneficial holdings. Follow future filings from Vanguard-affiliated entities for any reported positions.






866082100

(CUSIP Number)
03/13/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.


SCHEDULE 13G



The Vanguard Group
Signature:Ashley Grim
Name/Title:Head of Global Fund Administration
Date:03/27/2026

FAQ

What does Vanguard report for INN in this Schedule 13G/A?

The filing reports 0 shares beneficially owned, representing 0% of Summit Hotel Properties Inc common stock. The statement reflects Vanguard's post-realignment reporting and not an open-market transaction; ownership is reported on a disaggregated basis per SEC guidance.

Why does Vanguard report zero ownership after January 12, 2026?

Vanguard underwent an internal realignment on January 12, 2026, after which certain subsidiaries report holdings separately under SEC Release No. 34-39538. The filing states Vanguard no longer is deemed to beneficially own securities held by those subsidiaries.

Who signed the Schedule 13G/A amendment for INN and when?

The filing is signed by Ashley Grim, Head of Global Fund Administration, with a signature date of 03/27/2026. The signature certifies the disclosure about Vanguard's beneficial ownership position as stated in the document.

Does this filing indicate Vanguard sold INN shares?

No. The filing explains a reporting change due to internal realignment; it does not describe a sale or purchase of Summit Hotel Properties Inc shares. The statement is a disclosure of beneficial ownership status, not a transaction record.

Where is Summit Hotel Properties Inc's principal executive office listed in the filing?

The issuer's principal executive offices are listed as 13215 Bee Cave Parkway, Suite B-300, Austin, TX 78738. This address appears in the filing's Item 1(b) disclosure for the issuer.
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