Bright Force Investment, LLC 4
4 · Summit Hotel Properties, Inc. · Filed Mar 10, 2025
Insider Transaction Report
Form 4
Bright Force Investment, LLC
10% Owner
Transactions
- Conversion
Partnership Units
2025-03-06−1,600,000→ 0 total→ Common Stock (1,600,000 underlying) - Conversion
Common Stock
2025-03-06+1,600,000→ 1,600,000 total
Holdings
- 13,306,084
Partnership Units
→ Common Stock (13,306,084 underlying)
Footnotes (3)
- [F1]Shares of common stock of the Issuer issued 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").
- [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.
- [F3]Held directly by Bright Force Investment, LLC, a limited liability company wholly-owned by NewcrestImage Holdings, LLC.