Sotherly Hotels director cashes out 110,164 shares
Sotherly Hotels Inc. director Anthony C. Zinni reported a merger-related share disposition.
Rhea-AI Filing Summary
Sotherly Hotels Inc. director Anthony C. Zinni reported a merger-related share disposition. On February 12, 2026, he disposed of 110,164 shares of common stock at $2.25 per share, leaving him with 0 shares beneficially owned.
The transaction occurred when Sparrows Nest LLC merged into Sotherly Hotels Inc., with the company becoming a subsidiary of KW Kingfisher LLC. At the effective time of the merger, each share of Sotherly common stock was automatically converted into the right to receive $2.25 in cash per share, as provided in the merger agreement approved by the company’s board.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 110,164 shares
Disposition
1 txn
Insider
ZINNI ANTHONY C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 110,164 | $2.25 | $248K |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- F1. Pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 24, 2025, by and among Sotherly Hotels Inc., a Maryland corporation (the "Company"), KW Kingfisher LLC, a Delaware limited liability company ("Parent"), and Sparrows Nest LLC, a Maryland limited liability company ("Merger Sub"), at the effective time on February 12, 2026 (the "Effective Time"), Merger Sub merged with and into the Company, with the Company surviving such merger (the "Merger") as a subsidiary of Parent. In connection with the Merger, each share of Company common stock, par value $.01 per share ("Common Stock"), was automatically converted into the right to receive $2.25 in cash per share without interest (the "Merger Consideration"). The disposition of the securities by the Reporting Person in the Merger was approved by the Company's board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934, as amended.
FAQ
What insider transaction did Sotherly Hotels Inc. (SOHO) report in this Form 4?
The filing shows director Anthony C. Zinni disposed of 110,164 shares of Sotherly Hotels common stock on February 12, 2026 in connection with a merger transaction.
What corporate transaction triggered this Sotherly Hotels (SOHO) insider disposition?
The disposition was triggered by a merger where Sparrows Nest LLC merged into Sotherly Hotels Inc., which then became a subsidiary of KW Kingfisher LLC, with all common shares converted to cash at $2.25 each.
Was the Sotherly Hotels (SOHO) insider disposition approved under Rule 16b-3?
Yes. The filing states that the disposition of securities by Anthony C. Zinni in the merger was approved by the company’s board of directors in the manner contemplated by Rule 16b-3 under the Securities Exchange Act of 1934.
What is Anthony C. Zinni’s role at Sotherly Hotels Inc. (SOHO)?
Anthony C. Zinni is identified as a director of Sotherly Hotels Inc. He is not reported as an officer or 10% owner in this Form 4 insider transaction disclosure.
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