Form 4: Apple Hospitality REIT Exec Gifts Shares Under 10b5-1 Plan

Nelson Knight, President Real Estate & Invest at Apple Hospitality REIT, reported gifting 13,940 common shares in a planned transaction.

Summary

• Nelson Knight, President Real Estate & Invest of Apple Hospitality REIT, Inc. (APLE), reported changes in his beneficial ownership.
• On December 17, 2025, Knight disposed of a total of 13,940 common shares through three separate gift transactions.
• The disposed shares included 840, 2,100, and 11,000 common shares, all at a price of $0 per share, consistent with gifts.
• These transactions were made pursuant to a Rule 10b5-1(c) contract, instruction, or written plan.
• Following these transactions, Knight directly owns 919,349 common shares.
• Knight also indirectly owns 304,504 common shares through JAMN Limited Partnership, LLP, 37,601 common shares through N. Knight Generation Skipping Irrevocable Trust, and 9,837,031 common shares in a closely held LLC.
• The reporting person disclaims beneficial ownership of the reported shares to the extent they exceed his pecuniary interest.

Sentiment

Score: 5

Explanation: Neutral. The filing reports a routine insider gifting transaction, which is a personal financial decision and does not directly reflect on the company's operational performance or future prospects. The transaction was pre-planned under a 10b5-1 plan.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's financial performance or operational outlook. It solely reports an executive's personal share transactions.

Industry Context

This filing reports a routine insider transaction for an executive at a Real Estate Investment Trust (REIT). While insider transactions can sometimes signal management's confidence, gifting shares is typically a personal estate planning decision and less indicative of market sentiment or the company's operational prospects compared to open market sales or purchases.

Related Party Transactions

• Nelson Knight indirectly holds 304,504 common shares through JAMN Limited Partnership, LLP.
• Nelson Knight indirectly holds 37,601 common shares through N. Knight Generation Skipping Irrevocable Trust.
• Nelson Knight indirectly holds 9,837,031 common shares in a closely held LLC.

Stakeholder Impact

• Shareholders: The gifting of 13,940 shares represents a minor reduction in direct insider ownership. Given the executive's substantial remaining direct and indirect holdings, this transaction is unlikely to materially impact shareholder confidence or the company's strategic direction.

Key Dates

Recommendation

This Form 4 filing reports a pre-planned gifting of shares by an executive, which is a personal financial decision and not indicative of the company's operational performance or future outlook. The amount gifted is a small fraction of the executive's total beneficial ownership, which remains substantial. Therefore, this specific filing does not provide a basis for changing an investment thesis on Apple Hospitality REIT, warranting a 'hold' recommendation based solely on this information.

Keywords

Apple Hospitality REIT, APLE, Nelson Knight, Insider Transaction, Form 4, Share Gifting, Beneficial Ownership, Real Estate Investment Trust, REIT, 10b5-1 Plan