[Form 3] RLJ Lodging Trust Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

RLJ Lodging Trust (RLJ) reported an initial beneficial ownership for an officer, disclosing 149,675 common shares held directly. Of those shares, 54,147 are restricted and vest ratably over three years on each anniversary of the grant date under the RLJ Lodging Trust 2021 Equity Incentive Plan. The reporting person is identified as Senior Vice President, Chief Financial Officer and Treasurer and the filing is an initial Form 3 for that officer. The filing includes a Power of Attorney exhibit authorizing signature by an attorney-in-fact.

Positive

• Transparent disclosure of an officers direct ownership totaling 149,675 common shares
• Restricted shares disclosed (54,147) with a clear three-year ratable vesting schedule under the 2021 Equity Incentive Plan

Negative

• None.

Insights

Corporate Governance Expert

TL;DR Officer disclosed direct ownership of 149,675 shares, including time-based restricted stock vesting over three years.

The Form 3 is a routine Section 16 disclosure showing alignment between executive compensation and shareholder interests through restricted stock granted under the companys 2021 Equity Incentive Plan. The vesting schedule is time-based and likely intended to retain the officer. This report does not indicate derivative positions, pledging, or indirect holdings, and it documents standard governance transparency.

Securities Analyst

TL;DR Initial ownership filing shows direct equity stake of 149,675 shares; 54,147 are restricted and vest over three years.

From a market-disclosure perspective, the filing simply makes public the officers equity stake and the restricted share component. There are no options, warrants, or convertible securities reported. The disclosure is informational and not material in isolation to RLJs capital structure or immediate valuation.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Bhalla Nikhil

(Last) (First) (Middle)

C/O RLJ LODGING TRUST

7373 WISCONSIN AVENUE, SUITE 1500

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/15/2025

3. Issuer Name and Ticker or Trading Symbol
RLJ Lodging Trust [ RLJ ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, CFO & Treasurer

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	149,675(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 54,147 restricted shares, which vest ratably over three years on the yearly anniversary of the date of grant and were granted to the reporting person pursuant to the RLJ Lodging Trust 2021 Equity Incentive Plan.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Leslie D. Hale, Attorney-in-Fact	09/25/2025
	** 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 5 (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 the RLJ Form 3 filed for RLJ disclose?

The Form 3 disclosed that the reporting officer directly beneficially owns 149,675 common shares, including 54,147 restricted shares.

How do the restricted shares granted to the RLJ officer vest?

The filing states the restricted shares vest ratably over three years on each yearly anniversary of the grant date under the RLJ Lodging Trust 2021 Equity Incentive Plan.

Does the Form 3 report any derivative securities or indirect holdings for the RLJ officer?

No. The filing reports only non-derivative common shares held directly and shows no options, warrants, convertible securities, or indirect ownership.

What position does the reporting person hold at RLJ?

The reporting person is identified as Senior Vice President, Chief Financial Officer and Treasurer of RLJ Lodging Trust.