[Form 4] Service Properties Trust Insider Trading Activity

Rhea-AI Filing Summary

Christopher J. Bilotto, President and CEO and a director of Service Properties Trust (NASDAQ:SVC), reported a sale of 11,437 common shares on 09/16/2025 at a price of $2.82 per share. The Form 4 shows the transaction code F(1) and an explanatory note that the sale was a payment of tax liability by withholding securities incident to the vesting of equity awards.

After the reported disposition, Bilotto beneficially owns 197,550.836 common shares as reported on the form. The filing is signed by Bilotto on 09/18/2025 and lists his address c/o The RMR Group LLC in Newton, MA.

Insights

Corporate Governance Expert

TL;DR: Routine insider sale to satisfy tax withholding from vesting; disclosure aligns with standard governance practice.

The Form 4 documents a non-derivative disposition of 11,437 common shares under code F(1), which the filer explains was used to satisfy tax withholding on vested awards. This is a common, non-economic-activity transaction that reflects compensation settlement mechanics rather than an active cash-sale decision. The filing includes the post-transaction beneficial ownership figure of 197,550.836 shares and is signed on 09/18/2025, indicating completion of required disclosure steps. Governance implications are limited because the sale is tied to tax settlement, not a discretionary divestiture.

Securities Analyst

TL;DR: The trade is a tax-withholding disposition and is unlikely to signal material change in insider conviction.

Details: 11,437 shares were disposed at $2.82 per share on 09/16/2025 under transaction code F(1). The filer reports 197,550.836 shares beneficially owned following the transaction. Because the disposition is explicitly for tax withholding associated with vesting, it should not be interpreted as a liquidity-driven sale or a change in strategic position by management. From an investor-impact perspective, this is routine insider activity and does not by itself alter the company’s capital structure or public float materially.

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

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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^*

Bilotto Christopher J.

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

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)		11,437	D	$2.82	197,550.836	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/ Christopher J. Bilotto	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).
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