Form 4: Summit Hotel Properties Director Acquires Shares and Disclaims Beneficial Ownership
SEC Form 4 Filing
Mehulkumar Bhikhubhai Patel, a director of Summit Hotel Properties, acquired shares of common stock and disclaimed beneficial ownership of shares held by Sagestar Family, LLC.
Summary
- On May 21, 2025, Mehulkumar Bhikhubhai Patel, a director of Summit Hotel Properties, Inc. (INN), acquired 27,118 shares of common stock.
- The acquisition was made at a price of $0.
- Following the transaction, Patel directly owns 73,393 shares.
- Patel also disclaims beneficial ownership of 479,295 shares held by Sagestar Family, LLC, except to the extent of his pecuniary interest therein.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a change in beneficial ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a director at Summit Hotel Properties.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 05/21/2025 | Date of the transaction where Mehulkumar Bhikhubhai Patel acquired shares of common stock. |
| 05/22/2025 | Date of signature for the report. |
Keywords
Summit Hotel Properties, INN, Form 4, Beneficial Ownership, Director, Mehulkumar Bhikhubhai Patel, Share Acquisition, Sagestar Family, LLC
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