Service Properties director awarded 36,390 shares

A director of Service Properties Trust received a sizable equity award, with reported holdings adjusted for a recent five-for-one reverse share split.

Rhea-AI Filing Summary

Service Properties Trust (symbol: SVC) is the issuer of record for a Form 4 filing submitted to the SEC. PORTNOY ADAM D. reported acquisition or exercise transactions in this Form 4 filing.

Service Properties Trust (SVC) reported that director Adam D. Portnoy received an award of 36,390 Common Shares of Beneficial Interest on September 10, 2026 under the company’s equity compensation plan. Following this grant, he holds 121,579 common shares directly, with totals reflecting a July 7, 2026 five-for-one reverse share split.

Insider Trade Summary

Grant/Award: 36,390 shares

Grant/Award 3 txns

Insider PORTNOY ADAM D.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares of Beneficial Interest F1, F4	36,390	--	--
holding	Common Shares of Beneficial Interest F4, F2	--	--	--
holding	Common Shares of Beneficial Interest F4, F3	--	--	--

Holdings After Transaction: Common Shares of Beneficial Interest — 121,579 shares (Direct); Common Shares of Beneficial Interest — 8,667,890 shares (Indirect, See Footnote)

Footnotes (4)

1. F1. Transaction reported is award of common shares of beneficial interest, par value $.01 per share (the "Common Shares"), pursuant to the Issuer's equity compensation plan.
2. F2. These shares are held by ABP Trust; Mr. Portnoy, as the sole trustee, an officer and the controlling shareholder of ABP Trust, may be deemed to be a beneficial owner of these shares, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.
3. F3. These shares are held by The RMR Group LLC ("RMR LLC"). RMR LLC is a direct majority owned subsidiary of The RMR Group Inc. ("RMR Inc."), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is also a beneficial owner and a director of RMR LLC and RMR Inc. Each of Mr. Portnoy, ABP Trust and RMR Inc. may be deemed to be a beneficial owner of these shares, but they each disclaim such beneficial ownership except to the extent of their pecuniary interest therein.
4. F4. On July 7, 2026, the Issuer effected a reverse share split (the "Reverse Split") pursuant to which every five of its Common Shares were converted and reclassified into one Common Share, subject to the receipt of cash in lieu of fractional shares. The amount in the table reflects the aggregate Common Shares owned after giving effect to the Reverse Split.

Key Figures

Equity award: 36,390 shares Direct holdings after transaction: 121,579 shares Reverse share split ratio: 5 shares into 1 share +1 more

4 metrics

Equity award 36,390 shares Common Shares of Beneficial Interest awarded on September 10, 2026

Direct holdings after transaction 121,579 shares Common Shares of Beneficial Interest held directly by Adam D. Portnoy after the award

Reverse share split ratio 5 shares into 1 share Reverse share split effective July 7, 2026 for SVC common shares

Reverse share split effective date July 7, 2026 Date SVC effected the five-for-one reverse share split

Key Terms

Common Shares of Beneficial Interest, equity compensation plan, reverse share split, beneficial owner

4 terms

Common Shares of Beneficial Interest financial

"Transaction reported is award of common shares of beneficial interest"

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

equity compensation plan financial

"pursuant to the Issuer's equity compensation plan"

A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.

reverse share split financial

"Issuer effected a reverse share split"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

beneficial owner financial

"may be deemed to be a beneficial owner of these shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did SVC report for director Adam D. Portnoy on this Form 4?

SVC reported that director Adam D. Portnoy received an award of 36,390 Common Shares of Beneficial Interest on September 10, 2026. The award was granted pursuant to Service Properties Trust’s equity compensation plan and is classified as a grant or award acquisition.

How many SVC shares does Adam D. Portnoy hold directly after this award?

After the September 10, 2026 award, Adam D. Portnoy holds 121,579 SVC common shares directly. This figure reflects his aggregate direct ownership position in Service Properties Trust immediately following the equity award reported in the Form 4.

Was the SVC share award to Adam D. Portnoy made under a Rule 10b5-1 trading plan?

No. The filing indicates no Rule 10b5-1 trading plan, as the document-level checkbox is not affirmed. The transaction is reported simply as an equity compensation award rather than as trades executed under a pre-arranged trading plan.

What reverse share split did SVC disclose in connection with these holdings?

Service Properties Trust disclosed that on July 7, 2026, it effected a five-for-one reverse share split, converting every five common shares into one. The share amounts in the Form 4 reflect holdings after this reverse split, including the reported 121,579 directly owned shares.

Does Adam D. Portnoy have indirect ownership interests in SVC shares?

Yes. Footnotes state that additional SVC shares are held by ABP Trust and The RMR Group LLC. Adam D. Portnoy and related entities may be deemed beneficial owners of those shares but disclaim beneficial ownership except to the extent of their pecuniary interests.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 05:45 PM Accepted by SEC EDGAR 09/14/2026 - 05:44 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

PORTNOY ADAM D.

(Last) (First) (Middle)

C/O THE RMR GROUP LLC

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

(Street)

NEWTON MASSACHUSETTS 02458

(City) (State) (Zip)

UNITED STATES

(Country)

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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	09/10/2026		A		36,390	A	(1)	121,579(4)	D
Common Shares of Beneficial Interest								334,557(4)	I	See Footnote(2)
Common Shares of Beneficial Interest								8,333,333(4)	I	See Footnote(3)

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. Transaction reported is award of common shares of beneficial interest, par value $.01 per share (the "Common Shares"), pursuant to the Issuer's equity compensation plan.

2. These shares are held by ABP Trust; Mr. Portnoy, as the sole trustee, an officer and the controlling shareholder of ABP Trust, may be deemed to be a beneficial owner of these shares, but Mr. Portnoy disclaims such beneficial ownership except to the extent of his pecuniary interest therein.

3. These shares are held by The RMR Group LLC ("RMR LLC"). RMR LLC is a direct majority owned subsidiary of The RMR Group Inc. ("RMR Inc."), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is also a beneficial owner and a director of RMR LLC and RMR Inc. Each of Mr. Portnoy, ABP Trust and RMR Inc. may be deemed to be a beneficial owner of these shares, but they each disclaim such beneficial ownership except to the extent of their pecuniary interest therein.

4. On July 7, 2026, the Issuer effected a reverse share split (the "Reverse Split") pursuant to which every five of its Common Shares were converted and reclassified into one Common Share, subject to the receipt of cash in lieu of fractional shares. The amount in the table reflects the aggregate Common Shares owned after giving effect to the Reverse Split.

	/s/ Adam D. Portnoy	09/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)