Director trust sells 87,680 Service Properties (NASDAQ: SVC) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Service Properties Trust director Laurie B. Burns reported an indirect open-market sale of 87,680 common shares of beneficial interest through the Laurie B. Burns Revocable Trust. The weighted average sale price was $2.3248 per share, with individual trades ranging from $2.32 to $2.345. Following this transaction, the filing shows 0 shares held in this reported indirect position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 87,680 shares ($203,838)
Net Sell
1 txn
Insider
Burns Laurie B.
Role
Director
Sold
87,680 shs ($204K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Shares of Beneficial Interest | 87,680 | $2.3248 | $204K |
Holdings After Transaction:
Common Shares of Beneficial Interest — 0 shares (Indirect, By Trust)
Footnotes (1)
- Includes 87,680 shares previously held by the Reporting Person directly which were transferred to Laurie B. Burns Revocable Trust, of which the Reporting Person is a trustee and beneficiary. The reported price is a weighted average sales price. These shares were sold in multiple transactions at prices ranging from $2.32 to $2.345 per share. Laurie B. Burns Revocable Trust, of which the Reporting Person is a trustee and beneficiary, undertakes to provide to Service Properties Trust (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
FAQ
What insider transaction did SVC director Laurie B. Burns report?
Laurie B. Burns reported an indirect open-market sale of 87,680 Service Properties Trust (SVC) common shares through the Laurie B. Burns Revocable Trust. The filing shows this transaction reduced the reported indirect holdings in that position to 0 shares afterward.
What type of insider transaction was reported for SVC on this Form 4?
The transaction was a non-derivative, open-market sale of Service Properties Trust common shares, coded “S” for sale. It was executed indirectly through a revocable trust associated with director Laurie B. Burns, at a weighted average price of $2.3248 per share.