Schwab IM Holds 8.42M Shares (5.04%) of Service Properties Trust

Charles Schwab Investment Management Inc. reports beneficial ownership of 8,417,185 shares of Service Properties Trust common stock, equal to 5.04% of the class.

Rhea-AI Filing Summary

Charles Schwab Investment Management Inc. reports beneficial ownership of 8,417,185 shares of Service Properties Trust common stock, equal to 5.04% of the class. The filer states it holds sole voting and sole dispositive power over these shares and classifies itself as an investment adviser (IA).

The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer; no group affiliation or parent/subsidiary acquisition is reported.

Positive

• 8,417,185 shares reported, providing clear disclosure of position size
• 5.04% of the class — crosses the 5% reporting threshold and informs the market
• Sole voting and dispositive power reported, clarifying who controls votes and dispositions
• Filed as an investment adviser (IA) and certified holdings are in the ordinary course, indicating passive intent

Negative

• None.

Insights

Financial Analyst

TL;DR: A passive 5.04% position by Schwab IM signals notable institutional ownership without stated intent to influence control.

Holding 8.42 million shares and reporting sole voting and dispositive power makes this position large enough to register on investor radars and to affect float and liquidity dynamics in the short term. Because the filing is a Schedule 13G and includes a certification that the stake is held in the ordinary course and not to influence control, it should be interpreted as a passive institutional investment rather than an activist move. For analysts, key facts are the amount (8,417,185), the percentage (5.04%), and the sole control over voting/disposition reported.

Corporate Governance Expert

TL;DR: The disclosure complies with passive investor reporting norms: >5% ownership disclosed, declared ordinary-course intent, and sole voting/dispositive power stated.

The filer identifies as an investment adviser (IA) and explicitly certifies that the holdings were not acquired to change or influence issuer control. That combination—crossing the 5% threshold while filing a 13G—reflects a requirement-driven transparency event rather than a governance challenge. There is no indication of group coordination, parent-subsidiary acquisition, or intent to nominate directors. From a governance standpoint, the filing is straightforward and routine, though the reported sole voting power is a notable administrative detail for proxy considerations.

FAQ

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

How many shares of SVC does Charles Schwab Investment Management own?

The filing reports ownership of 8,417,185 shares of Service Properties Trust common stock.

What percentage of Service Properties Trust does Schwab IM hold?

The reported position represents 5.04% of the class of common stock.

Does Charles Schwab IM have voting control over these SVC shares?

Yes. The filer reports sole voting power and sole dispositive power over the 8,417,185 shares.

Was the stake acquired to influence control of Service Properties Trust?

The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

What type of reporting person is Charles Schwab Investment Management?

The filer is classified as an investment adviser (IA) in the Schedule 13G.

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

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Accepted by SEC EDGAR 08/11/2025 - 05:18 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Service Properties Trust

(Name of Issuer)

Common Stock

(Title of Class of Securities)

81761L102

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 81761L102

1

Names of Reporting Persons

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

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 8,417,185.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 8,417,185.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,417,185.00

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)

5.04 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Service Properties Trust
(b)	Address of issuer's principal executive offices: C/O THE RMR GROUP, TWO NEWTON PL., 255 WASH. ST., STE. 300, NEWTON, MASSACHUSETTS 02458
Item 2.
(a)	Name of person filing: CHARLES SCHWAB INVESTMENT MANAGEMENT INC
(b)	Address or principal business office or, if none, residence: 211 MAIN STREET SAN FRANCISCO, California 94105
(c)	Citizenship: DELAWARE
(d)	Title of class of securities: Common Stock
(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: 8,417,185
(b)	Percent of class: 5.04 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 8,417,185
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 8,417,185
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
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.

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

Signature:	/s/ Omar Aguilar
Name/Title:	Chief Executive Officer
Date:	08/11/2025