Service Properties (SVC) Form 4: Donley reduces holdings to 152,160 shares

Rhea-AI Filing Summary

Service Properties Trust insider transaction by CFO/treasurer Brian E. Donley: The reporting person disposed of 9,828 common shares at $2.82 per share on 09/16/2025, reducing beneficial ownership to 152,160 shares. The filing states the shares were withheld to satisfy a tax liability arising from the vesting of previously issued securities under Rule 16b-3. The form identifies Donley as an officer and director associated with The RMR Group LLC address. The disclosure is presented as an individual Form 4 reporting a non-derivative disposition through withholding rather than an open-market sale.

Positive

• Transaction disclosed as tax-withholding, indicating the disposition was administrative and tied to vesting rather than an open-market sale
• Form 4 updates beneficial ownership and identifies the reporting person as CFO and Treasurer, maintaining transparency about insider holdings

Negative

• Reduction in beneficial ownership: 9,828 shares were disposed, lowering holdings to 152,160 shares
• Considerable portion of stake affected: the disposed shares represent a non-trivial reduction in the reporting person's holdings

Insights

Financial Analyst

TL;DR: Routine tax-withholding disposition reducing insider holdings by 9,828 shares; no new debt or compensation changes disclosed.

This Form 4 reports a non-derivative disposition of 9,828 common shares at $2.82, leaving the reporting person with 152,160 shares. The form explicitly states the disposal satisfied a tax liability tied to vesting, indicating the transaction was administrative rather than a discretionary cash sale. For investors, the item documents insider share movement and updated beneficial ownership but contains no operational metrics, guidance, or new compensation structures to materially alter financial outlooks.

Corporate Governance Expert

TL;DR: Disclosure appears compliant and routine—shares withheld to cover taxes following vesting, reflecting standard insider reporting.

The report names Brian E. Donley as an officer and director and classifies the Form 4 as filed by one reporting person. The explanation clarifies the nature of the transfer as tax withholding under Rule 16b-3, which is a standard, pre-authorized mechanism for satisfying tax obligations from equity vesting. The filing updates beneficial ownership figures but does not indicate any change in role, control, or related-party arrangements.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Donley Brian E.

(Last) (First) (Middle)

C/O THE RMR GROUP LLC

TWO NEWTON PL., 255 WASH. ST., STE. 300

(Street)

NEWTON MA 02458

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Service Properties Trust [ NASDAQ:SVC ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	09/16/2025		F(1)		9,828	D	$2.82	152,160	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Payment of tax liability by withholding securities incident to the vesting of the security issued in accordance with Rule 16b-3.

	/s/ Brian E. Donley	09/18/2025
	** 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 4 (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 Service Properties Trust (SVC) insider Brian E. Donley do?

He disposed of 9,828 common shares at $2.82 per share, with beneficial ownership afterward of 152,160 shares.

Why were the shares disposed according to the Form 4?

The filing states the shares were withheld to pay a tax liability resulting from the vesting of previously issued securities.

What role does the reporting person hold at SVC?

The Form 4 lists Brian E. Donley as an officer (CFO and Treasurer) and a director.

Was this an open-market sale reported on the Form 4?

No; the transaction is described as withholding of shares to satisfy taxes rather than an open-market disposition.

How is the Form 4 filed (individual or group)?

The form indicates it was filed by one reporting person (individual filing).