[SCHEDULE 13G] RLJ Lodging Trust SEC Filing

Rhea-AI Filing Summary

RM Trading of Florida LLC (reported by manager Mark Paley) filed a Schedule 13G disclosing beneficial ownership of 10,555,000 common shares of RLJ Lodging Trust, representing 6.97% of the outstanding shares based on 151,243,564 shares outstanding as of June 30, 2025. The filing indicates shared voting and dispositive power over the 10,555,000 shares and no sole voting or dispositive power. The certification states the shares were not acquired to influence control of the issuer, consistent with a passive 13G filing. Signatures from two managers appear, and the filing date is August 26, 2025.

Insights

Financial Analyst

TL;DR: A passive holder disclosed a material stake just under 7%, notable but not an active control position.

The 10,555,000-share stake equals approximately 6.97% of RLJ's outstanding common shares, which is above the 5% reporting threshold and therefore material for ownership disclosure. Because the filer used Schedule 13G and included a certification that the shares were not acquired to influence control, this appears to be a passive investment rather than an activist intent. For investors, the disclosure signals a concentrated passive position that could matter in major votes but does not indicate an imminent change in corporate control or strategy.

Corporate Governance Expert

TL;DR: Ownership structure change disclosed; governance implications are limited absent explicit intent to influence control.

The filing documents shared voting and dispositive power rather than sole control, and the 13G certification asserts no purpose to change control, aligning with passive investor treatment under the rules. The presence of shared voting power means this holder could participate in major shareholder votes, so boards and governance teams should note the identity and scale of the holder, but there is no disclosure here of coordination with other holders or plans to nominate directors.

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)

08/20/2025

(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)

SCHEDULE 13G

CUSIP No. 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 10,555,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 10,555,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,555,000.00

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)

7.0 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The figure in Item 11 is based on 151,243,564 common shares of beneficial interest of the issuer outstanding as of June 30, 2025.

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, CONNECTICUT, 20814.
Item 2.
(a)	Name of person filing: Mark Paley
(b)	Address or principal business office or, if none, residence: 1 No Breakers Row Apt 141, Palm Beach FL 33480
(c)	Citizenship: USA
(d)	Title of class of securities: Common Shares of Beneficial Interest
(e)	CUSIP No.: 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: 10,555,000
(b)	Percent of class: 6.97 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 10.555,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 10,555,000
Item 5.	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:	08/26/2025

Signature:	Roger Beit
Name/Title:	Manager
Date:	08/26/2025