Pebblebrook (PEB) director purchases 10,000 shares at ~$10.08

Rhea-AI Filing Summary

Michael J. Schall, a director of Pebblebrook Hotel Trust (PEB), reported purchases of 10,000 common shares on 08/19/2025 at a weighted average price of $10.08 per share (transactions ranged $10.08–$10.09). After the reported purchases, the filing shows 109,693 shares beneficially owned in a direct capacity, 18,500 held indirectly under a deferred compensation plan, and 938 held indirectly by his wife. The filing includes disclaimers that the reporting person disclaims beneficial ownership of one-half of most of these shares in specified amounts. No derivative securities were reported.

Positive

• Insider purchase of 10,000 common shares at a weighted average price of $10.08, showing a director acquisition
• No derivative transactions reported, simplifying the ownership picture
• Complete transaction range disclosure provided (prices ranged $10.08–$10.09) and offer to provide per-trade details on request

Negative

• Significant disclaimers — the reporting person disclaims beneficial ownership of one-half of most shares, which complicates clear ownership assessment
• Limited context — the filing does not state the purpose of the purchases or whether they relate to a trading plan

Insights

Financial Analyst

TL;DR: Director purchased 10,000 PEB shares at ~$10.08, a routine insider buy with limited disclosed control.

The purchase of 10,000 common shares at a weighted average price of $10.08 is a clear insider acquisition reported under Section 16. The filing documents total reported direct ownership of 109,693 shares plus indirect holdings through deferred compensation and spouse, but also includes disclaimers reducing asserted beneficial ownership for portions of those holdings. There are no derivative transactions disclosed. From a liquidity and signaling perspective this is a straightforward purchase; the filing does not provide transaction intent, timing details beyond date, or material corporate events.

Corporate Governance Expert

TL;DR: Form 4 shows a director-level purchase and standard beneficial ownership disclaimers; governance implications appear routine.

The report was filed by one reporting person and executed by an attorney-in-fact. The disclosure of indirect holdings (deferred compensation and spouse) and the explicit disclaimers about one-half beneficial ownership are noteworthy for ownership calculations used by investors and regulators. The submission follows required reporting conventions and contains no indication of related-party transactions, option exercises, or plan-based sales that would raise governance flags.

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^*

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)
08/19/2025

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	08/19/2025		P	V	10,000	A	$10.08(1)	109,693(2)	D
Common Shares								18,500(3)	I	Deferred Compensation Plan
Common Shares								938	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. This is the weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.08 to $10.09, inclusive. The reporting person undertakes to provide to Pebblebrook Hotel Trust, any security holder of Pebblebrook Hotel Trust or the staff of the United States Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote to this Form 4.

2. The reporting person disclaims beneficial ownership with respect to one-half of all but 21,906 of these shares.

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

Remarks:

	/s/ Andrew H. Dittamo, as attorney-in-fact for Michael J Schall	08/21/2025
	** 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 did Michael J. Schall report buying in the Form 4 for PEB?

He reported acquiring 10,000 common shares of Pebblebrook Hotel Trust on 08/19/2025 at a weighted average price of $10.08 per share.

How many PEB shares does Michael J. Schall beneficially own after the reported transaction?

The filing shows 109,693 shares beneficially owned directly, plus 18,500 indirectly under a deferred compensation plan and 938 indirectly by his wife, subject to stated disclaimers.

Did the Form 4 report any options or derivative transactions for PEB?

No. Table II for derivative securities contains no reported transactions or holdings.

What price range were the shares purchased at according to the Form 4?

The shares were purchased at prices ranging from $10.08 to $10.09, with a reported weighted average of $10.08.

Who signed the Form 4 filing for Michael J. Schall?

The Form 4 was signed by Andrew H. Dittamo as attorney-in-fact for Michael J. Schall on 08/21/2025.