RM Trading 4.0M-share stake in RLJ Lodging Trust (RLJ)

Rhea-AI Filing Summary

RLJ Lodging Trust ownership disclosure: RM Trading of Florida LLC reports beneficial ownership of 4,000,000 shares of Common Shares of Beneficial Interest, representing 2.6% of the class. The filing states there were 151,975,812 Common Shares outstanding as of March 31, 2026.

The shares are directly owned by RM Trading of Florida LLC; Mark S. Paley and Roger J. Beit, as managers and members of RMT, are reported to have shared voting and dispositive power over the shares. The filing is a Schedule 13G ownership disclosure.

Insights

Corporate Governance Analyst

Passive ownership filing shows a 2.6% stake held through an LLC.

The Schedule 13G lists 4,000,000 shares held by RM Trading of Florida LLC, with shared voting and dispositive power attributed to two managers. The filing cites March 31, 2026 for the 151,975,812 outstanding share base.

This is a routine beneficial ownership disclosure under Schedule 13G; the filing characterizes the position as passive and does not report acquisition terms or transfers. Subsequent filings would reveal any change in position or voting intent.

Securities Compliance Specialist

Filing meets typical Schedule 13G formatting and attribution rules.

The cover rows show sole voting/dispositive powers at 0 and shared powers at 4,000,000, with explanatory footnotes attributing direct ownership to RMT and shared powers to named managers. CUSIP 74965L101 is provided for identification.

Disclosure references the issuer's Form 10-Q for the outstanding share count; this anchors the reported percentage. No change-in-control language or active intent is stated in the excerpt.

Key Figures

Shares held by RM Trading: 4,000,000 shares Percentage of class: 2.6% Shares outstanding: 151,975,812 shares +1 more

4 metrics

Shares held by RM Trading 4,000,000 shares Beneficial ownership reported on Schedule 13G

Percentage of class 2.6% Calculated using outstanding shares as of March 31, 2026

Shares outstanding 151,975,812 shares Outstanding Common Shares as of March 31, 2026 per Form 10-Q

CUSIP 74965L101 Identification for Common Shares of Beneficial Interest

Key Terms

beneficially owned, shared dispositive power, Schedule 13G

3 terms

beneficially owned regulatory

"Amount beneficially owned: See Row 9 of the cover page"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared dispositive power regulatory

"Shared Dispositive Power 4,000,000.00"

Schedule 13G regulatory

"Item 1. | (a) | Name of issuer: RLJ Lodging Trust"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What stake does RM Trading of Florida LLC report in RLJ (RLJ)?

RM Trading of Florida LLC reports beneficial ownership of 4,000,000 shares, representing 2.6% of RLJ's common shares, based on March 31, 2026 outstanding shares of 151,975,812.

Who is reported to control the 4,000,000 shares in the RLJ filing?

RM Trading of Florida LLC is the direct owner; Mark S. Paley and Roger J. Beit, as managers and members of RMT, are reported to have shared voting and dispositive power over those shares.

What document provides the outstanding share count used to calculate the 2.6%?

The percentage is based on the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, which reports 151,975,812 Common Shares outstanding used in the calculation.

Does the Schedule 13G excerpt indicate an acquisition or active intent to influence RLJ?

No; the excerpt is a Schedule 13G passive ownership disclosure listing shared voting and dispositive power but does not state any acquisition terms or an intent to influence management or control.

What identifying information is included for the RLJ shares in the filing?

The filing identifies the security as Common Shares of Beneficial Interest with CUSIP 74965L101, and lists RM Trading of Florida LLC's address and citizenship as Florida.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/08/2026 - 11:21 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

RLJ Lodging Trust

(Name of Issuer)

Common Shares of Beneficial Interest

(Title of Class of Securities)

74965L101

(CUSIP Number)

05/01/2026

(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

CUSIP Number(s): 74965L101

1

Names of Reporting Persons

RM Trading of Florida LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,000,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,000,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,000,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.6 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Rows 6, 8 and 9, all of the 4,000,000 shares are directly owned by RM Trading of Florida LLC ("RMT"). Mark S. Paley and Roger J. Beit, each of whom is a manager and member of RMT, may be deemed to have shared voting power and shared dispositive power over these shares. The percentage ownership reported in Row 11 is based on 151,975,812 Common Shares outstanding as of March 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission on May 4, 2026.

SCHEDULE 13G

CUSIP Number(s): 74965L101

1

Names of Reporting Persons

Paley Mark Steven

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,000,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,000,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,000,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.6 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Rows 6, 8 and 9, all of the 4,000,000 shares are directly owned by RMT. Mark S. Paley, manager and member of RMT, may be deemed to have shared voting power and shared dispositive power over these shares. The percentage ownership reported in Row 11 is based on 151,975,812 Common Shares outstanding as of March 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission on May 4, 2026.

SCHEDULE 13G

CUSIP Number(s): 74965L101

1

Names of Reporting Persons

BEIT ROGER J

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,000,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,000,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,000,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.6 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Rows 6, 8 and 9, all of the 4,000,000 shares are directly owned by RMT. Roger J. Beit, manager and member of RMT, may be deemed to have shared voting power and shared dispositive power over these shares. The percentage ownership reported in Row 11 is based on 151,975,812 Common Shares outstanding as of March 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission on May 4, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: RLJ Lodging Trust
(b)	Address of issuer's principal executive offices: 7373 WISCONSIN AVE, SUITE 1500, BETHESDA, MARYLAND, 20814
Item 2.
(a)	Name of person filing: RM Trading of Florida LLC
(b)	Address or principal business office or, if none, residence: 1 North Breakers Row Apt 141, Palm Beach, FL 33480
(c)	Citizenship: Florida
(d)	Title of class of securities: Common Shares of Beneficial Interest
(e)	CUSIP Number(s): 74965L101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Row 9 of the cover page for each Reporting Person.
(b)	Percent of class: See Row 11 of the cover page for each Reporting Person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Row 5 of the cover page for each Reporting Person.
	(ii) Shared power to vote or to direct the vote: See Row 6 of the cover page for each Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: See Row 7 of the cover page for each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: See Row 8 of the cover page for each Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

RM Trading of Florida LLC

Signature:	Mark Paley
Name/Title:	Manager
Date:	05/08/2026

Paley Mark Steven

Signature:	Mark S Paley
Name/Title:	Manager
Date:	05/08/2026

BEIT ROGER J

Signature:	Roger J Beit
Name/Title:	Manager
Date:	05/08/2026