Montgomery Samuel C. 4
4 · Lodging Fund REIT III, Inc. · Filed Jun 15, 2023
Insider Transaction Report
Form 4
Montgomery Samuel C.
Chief Financial Officer
Transactions
- Purchase
Series GO II Limited Units
2023-06-13$7.38/sh+6,782.9$50,058→ 6,782.9 total→ Common Stock (6,782.9 underlying)
Footnotes (2)
- [F1]The Series GO II Limited Units are a class of limited partnership units of Lodging Fund REIT III OP, LP, a Delaware limited partnership ("Operating Partnership"), of which Lodging Fund REIT III, Inc., a Maryland corporation (the "Issuer") is the general partner.
- [F2]Following the occurrence of certain events, the Series GO II Limited Units are exchangeable by the Reporting Person for, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares, subject to certain pro rata limitations based on the allocated net income and capital account balance, as described in the limited partnership agreement of the Operating Partnership. Series GO II Limited Units do not have an expiration date.