Service Properties Trust (SVC) investor group reports 7.9% stake in amended 13G

Rhea-AI Filing Summary

Service Properties Trust has a significant shareholder group led by FF Hybrid, LP, Flat Footed LLC and Marc Andersen. Together, these reporting persons are deemed to beneficially own 51,012,447 common shares of beneficial interest, representing 7.9% of the company’s outstanding common shares.

The ownership calculation is based on 647,206,961 common shares outstanding as of May 4, 2026, as represented by the issuer. FF Hybrid, LP, Flat Footed LLC and Marc Andersen each report the same 51,012,447 shares, with shared voting and dispositive power over all such shares and no sole voting or dispositive power. The shares are held by various investment funds managed by Flat Footed LLC, and the funds expressly disclaim beneficial ownership under Rule 13d-4.

Key Figures

Shares beneficially owned: 51,012,447 shares Percent of class: 7.9% Shares outstanding: 647,206,961 shares +2 more

5 metrics

Shares beneficially owned 51,012,447 shares Common shares of beneficial interest reported by each of FF Hybrid, LP, Flat Footed LLC and Marc Andersen

Percent of class 7.9% Ownership percentage of Service Properties Trust common shares

Shares outstanding 647,206,961 shares Common shares outstanding as of May 4, 2026, as represented by the issuer

Shared voting power 51,012,447 shares Shares over which each reporting person has shared power to vote or direct the vote

Shared dispositive power 51,012,447 shares Shares over which each reporting person has shared power to dispose or direct disposition

Key Terms

beneficial owner, shared voting power, shared dispositive power, Investment Advisers Act of 1940, +1 more

5 terms

beneficial owner financial

"may be deemed to be the beneficial owner of all shares of Common Stock"

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.

shared voting power financial

"Shared Voting Power 51,012,447.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 51,012,447.00"

Investment Advisers Act of 1940 regulatory

"Flat Footed LLC is an investment adviser that is registered under the Investment Advisers Act of 1940"

A U.S. federal law that sets rules for people and firms who give investment advice, requiring them to register with regulators, be honest about conflicts, keep records, and follow basic standards of care. It matters to investors because those rules act like licensing and consumer protections — similar to having safety standards for a mechanic — helping ensure advisers act in clients’ financial interests and reducing the risk of fraud or misuse of funds.

Schedule 13G regulatory

"Pursuant to Rule 13d-4 , as amended, each of the Funds expressly disclaim beneficial ownership"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What percentage of Service Properties Trust (SVC) does FF Hybrid, LP report owning?

FF Hybrid, LP reports beneficial ownership of 7.9% of Service Properties Trust’s common shares. This is based on 51,012,447 shares owned out of 647,206,961 shares outstanding as of May 4, 2026.

How many Service Properties Trust (SVC) shares do Flat Footed LLC and Marc Andersen report?

Flat Footed LLC and Marc Andersen each report beneficial ownership of 51,012,447 common shares of Service Properties Trust. This position represents 7.9% of the class, with voting and dispositive power shared among the reporting persons and managed funds.

What is the basis for the 7.9% ownership reported in the SVC Schedule 13G/A?

The 7.9% ownership is calculated using 647,206,961 common shares outstanding as of May 4, 2026. This share count was represented by Service Properties Trust in a Form 10-Q filed on May 6, 2026, and underlies the reported 51,012,447 shares held.

Who actually holds the SVC shares reported by FF Hybrid, Flat Footed LLC and Marc Andersen?

The shares are held by FF Hybrid, LP and various private funds (the “Funds”) managed by Flat Footed LLC. The Funds have the right to receive dividends and sale proceeds, while Flat Footed LLC and Marc Andersen may be deemed beneficial owners through investment and voting discretion.

Do the funds or managers have sole or shared voting power over the SVC shares?

The reporting persons disclose 0 shares with sole voting or dispositive power and 51,012,447 shares with shared voting and shared dispositive power. This reflects coordinated control over how the reported Service Properties Trust shares are voted and disposed of.

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

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Available on EDGAR 08/14/2026 - 12:08 PM Accepted by SEC EDGAR 08/14/2026 - 12:07 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Service Properties Trust

(Name of Issuer)

Common Shares of Beneficial Interest

(Title of Class of Securities)

81761L102

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 81761L102

1

Names of Reporting Persons

FF Hybrid, LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 51,012,447.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 51,012,447.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

51,012,447.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.9 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 81761L102

1

Names of Reporting Persons

Flat Footed LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 51,012,447.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 51,012,447.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

51,012,447.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.9 %

12

Type of Reporting Person (See Instructions)

IA, HC, OO

SCHEDULE 13G

CUSIP Number(s): 81761L102

1

Names of Reporting Persons

Marc Andersen

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 51,012,447.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 51,012,447.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

51,012,447.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.9 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Service Properties Trust
(b)	Address of issuer's principal executive offices: TWO NEWTON PLACE, 255 WASHINGTON STREET, SUITE 300, NEWTON, MASSACHUSETTS, 02458.
Item 2.
(a)	Name of person filing: FF Hybrid, LP Flat Footed LLC Marc Andersen
(b)	Address or principal business office or, if none, residence: FF Hybrid, LP c/o Flat Footed LLC 3415 North Pines Way, Suite 205 Wilson, WY 83014 Flat Footed LLC 3415 North Pines Way, Suite 205 Wilson, WY 83014 Marc Andersen c/o Flat Footed LLC 3415 North Pines Way, Suite 205 Wilson, WY 83014
(c)	Citizenship: FF Hybrid, LP - DE Flat Footed LLC - DE Marc Andersen - USA
(d)	Title of class of securities: Common Shares of Beneficial Interest
(e)	CUSIP No.: 81761L102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Flat Footed LLC is an investment adviser that is registered under the Investment Advisers Act of 1940. Flat Footed LLC, which serves as the investment manager to FF Hybrid, LP and various private funds (collectively, the "Funds"), which holds securities for the benefit of their investors and Mr. Marc Andersen, as Managing Member of Flat Footed LLC, with the power to exercise investment and voting discretion, may be deemed to be the beneficial owner of all shares of Common Stock held by the Funds. Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, as amended, each of the Funds expressly disclaim beneficial ownership over any of the securities reported in this statement, and the filing of this statement shall not be construed as an admission that any of the Funds are the beneficial owner of any of the securities reported herein. FF Hybrid, LP - 51,012,447 Flat Footed LLC - 51,012,447 Marc Andersen - 51,012,447
(b)	Percent of class: Ownership percentage is based on 647,206,961 shares of the registrant's common shares of beneficial interest, $0.01 par value per share, outstanding as of May 4, 2026, as represented by the Issuer in the Form 10-Q filed with the Securities and Exchange Commission on May 6, 2026. FF Hybrid, LP - 7.9% Flat Footed LLC - 7.9% Marc Andersen - 7.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: FF Hybrid, LP - 0 Flat Footed LLC - 0 Marc Andersen - 0
	(ii) Shared power to vote or to direct the vote: FF Hybrid, LP - 51,012,447 Flat Footed LLC - 51,012,447 Marc Andersen - 51,012,447
	(iii) Sole power to dispose or to direct the disposition of: FF Hybrid, LP - 0 Flat Footed LLC - 0 Marc Andersen - 0
	(iv) Shared power to dispose or to direct the disposition of: FF Hybrid, LP - 51,012,447 Flat Footed LLC - 51,012,447 Marc Andersen - 51,012,447
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock covered by this Statement.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Note above.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FF Hybrid, LP

Signature:	/s/ Marc Andersen
Name/Title:	Marc Andersen, Managing Member of Flat Footed II GP, LLC, its General Partner
Date:	08/14/2026

Flat Footed LLC

Signature:	/s/ Marc Andersen
Name/Title:	Managing Member
Date:	08/14/2026

Marc Andersen

Signature:	/s/ Marc Andersen
Name/Title:	Marc Andersen
Date:	08/14/2026