SCHEDULE: Fuller & Thaler Reports Reduced Stake in Chatham Lodging Trust

Fuller & Thaler Asset Management, Inc. disclosed a 4.33% beneficial ownership in Chatham Lodging Trust common stock as of August 31, 2025, in its latest Schedule 13G amendment.

Summary

• Fuller & Thaler Asset Management, Inc. filed an Amendment No. 10 to Schedule 13G regarding its ownership in Chatham Lodging Trust.
• As of August 31, 2025, Fuller & Thaler beneficially owned 2,123,116.34 shares of Chatham Lodging Trust's Common Stock.
• This ownership represents 4.33% of the class of securities.
• Fuller & Thaler holds sole voting power over 2,089,959.34 shares and sole dispositive power over 2,123,116.34 shares.
• The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: Neutral. This is a routine disclosure of institutional ownership, indicating a passive investment below the 5% threshold. It provides factual information about Fuller & Thaler Asset Management, Inc.'s stake in Chatham Lodging Trust but does not offer new insights into the issuer's operational performance or strategic direction.

Positives

• The presence of an institutional investor like Fuller & Thaler Asset Management, Inc. holding a stake indicates professional interest in Chatham Lodging Trust.
• The certification confirms the investment is for ordinary course business purposes, not for hostile takeover or control-influencing activities.

Future Outlook

No forward-looking statements or guidance regarding Chatham Lodging Trust's performance or strategy are provided in this filing.

Management Comments

• Hanna Zanoni, Chief Compliance Officer of Fuller & Thaler Asset Management, Inc., certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing is a routine disclosure of institutional ownership by an investment adviser, reflecting a passive investment strategy rather than providing specific industry-related insights for Chatham Lodging Trust.

Stakeholder Impact

• Shareholders: Provides transparency on institutional ownership. The reported ownership of 4.33% means Fuller & Thaler Asset Management, Inc. is no longer a 5%+ beneficial owner, which may slightly reduce institutional oversight or influence compared to a larger stake.

Key Dates

Keywords

Chatham Lodging Trust, Fuller & Thaler Asset Management, Common Stock, Schedule 13G, Beneficial Ownership, Investment Adviser