Form 4 for INN Summit Hotel Properties, Inc.

Accepted 2025-01-06 00:00:00 ET · period of report 2025-01-02 · accession 0001104659-25-001309 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
DI	2025-01-06	2025-01-02	INN	Patel Mehulkumar Bhikhubhai	Dir	C - Cnv Deriv	$0.00	+479.3K	479.3K	New	$0
DI	2025-01-06	2025-01-02	INN	Patel Mehulkumar Bhikhubhai	Dir	C - Cnv Deriv	$0.00	-479.3K	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2025-01-02	C	A	479,295	$0.00	479,295	I By Sagestar Family, LLC	—	—	(F1) Shares of common stock of the Issuer issued to an entity partially owned by the reporting person in connection with the redemption of common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (the "Operating Partnership"). The reporting person disclaims any beneficial ownership of such shares of common stock, except to the extent of his pecuniary interest therein.
2	Derivative	Partnership Units	2025-01-02	C	D	479,295	$0.00	0	I By Sagestar Family, LLC	— · — to —	479,295 Common Stock	(F2) Represents OP Units in the Operating Partnership. Each OP Unit is redeemable for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Operating Partnership may, at its election, cause the Issuer to acquire some or all of the OP Units so presented on a one to one basis for shares of the Issuer's common stock. These redemption rights have no expiration date.