[Form 4] Pebblebrook Hotel Trust Insider Trading Activity

Rhea-AI Filing Summary

Pebblebrook Hotel Trust (PEB)10,000 common shares at $10.85 per share, reported with transaction code “P” for a purchase. After this trade he directly held 119,693 common shares. He also had 18,500 common shares in a deferred compensation plan and 942 common shares held by his wife, with beneficial ownership of portions of these indirect holdings disclaimed as noted in the footnotes.

11/20/2025 - 04:42 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

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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^*

SCHALL MICHAEL J

(Last) (First) (Middle)

4747 BETHESDA AVE

SUITE 1100

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Pebblebrook Hotel Trust [ PEB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/19/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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 Shares	11/19/2025		P	V	10,000	A	$10.85	119,693(1)	D
Common Shares								18,500(2)	I	Deferred Compensation Plan
Common Shares								942(3)	I	By wife

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. The reporting person disclaims beneficial ownership with respect to 43,894 of these shares.

2. The reporting person disclaims beneficial ownership with respect to one-half of these shares.

3. The reporting person disclaims beneficial ownership with respect to all of these shares.

Remarks:

	/s/ Andrew H. Dittamo, as attorney-in-fact for Michael J Schall	11/20/2025
	** 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.

FAQ

What insider transaction did Pebblebrook Hotel Trust (PEB) report?

Pebblebrook Hotel Trust reported that director Michael J. Schall purchased 10,000 common shares on 11/19/2025 in an open-market transaction coded as a purchase (“P”).

At what price were the Pebblebrook (PEB) shares purchased on 11/19/2025?

The director bought 10,000 Pebblebrook common shares at a price of $10.85 per share on 11/19/2025.

How many Pebblebrook (PEB) shares does the reporting person own after this transaction?

Following the reported trade, the director directly owned 119,693 common shares of Pebblebrook Hotel Trust.

What indirect holdings in Pebblebrook (PEB) does the director report?

The director reported 18,500 common shares held through a Deferred Compensation Plan and 942 common shares held by his wife, with beneficial ownership disclaimed as described in the footnotes.

What relationship does the reporting person have with Pebblebrook Hotel Trust (PEB)?

The reporting person is identified as a Director of Pebblebrook Hotel Trust on this Form 4 filing.

What do the beneficial ownership disclaimers in the Pebblebrook (PEB) Form 4 mean?

The footnotes state that the reporting person disclaims beneficial ownership with respect to 43,894 shares within his direct holdings, to one-half of the deferred compensation plan shares, and to all of the shares held by his wife.