Form 4 for INN Summit Hotel Properties, Inc.
Accepted 2025-03-10 00:00:00 ET · period of report 2025-03-06 · accession 0001104659-25-022314 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-03-10 | 2025-03-06 | INN | Bright Force Investment, LLC | 10% | C - Cnv Deriv | $0.00 | +1.60M | 1.60M | New | $0 |
| D | 2025-03-10 | 2025-03-06 | INN | Bright Force Investment, LLC | 10% | C - Cnv Deriv | $0.00 | -1.60M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-03-06 | C | A | 1,600,000 | $0.00 | 1,600,000 | D | — | — | (F1) Shares of common stock of the Issuer issued 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"). (F3) Held directly by Bright Force Investment, LLC, a limited liability company wholly-owned by NewcrestImage Holdings, LLC. |
| 2 | Derivative | Partnership Units | 2025-03-06 | C | D | 1,600,000 | $0.00 | 0 | D | — · — to — | 1,600,000 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. (F3) Held directly by Bright Force Investment, LLC, a limited liability company wholly-owned by NewcrestImage Holdings, LLC. |