4//SEC Filing
Patel Mehulkumar Bhikhubhai 4
Accession 0001104659-25-001309
CIK 0001497645other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 4:10 PM ET
Size
8.6 KB
Accession
0001104659-25-001309
Insider Transaction Report
Form 4
Patel Mehulkumar Bhikhubhai
Director
Transactions
- Conversion
Common Stock
2025-01-02+479,295→ 479,295 total(indirect: By LLC) - Conversion
Partnership Units
2025-01-02−479,295→ 0 total(indirect: By LLC)→ Common Stock (479,295 underlying)
Holdings
- 46,275
Common Stock
Footnotes (2)
- [F1]Shares of common stock of the Issuer issued to an entity partially owned by the reporting person 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"). The reporting person disclaims any beneficial ownership of such shares of common stock, except to the extent of his pecuniary interest therein.
- [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.
Documents
Issuer
Summit Hotel Properties, Inc.
CIK 0001497645
Entity typeother
Related Parties
1- filerCIK 0001905508
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 4:10 PM ET
- Size
- 8.6 KB