Bright Force Investment, LLC 4
4 · Summit Hotel Properties, Inc. · Filed Mar 12, 2025
Insider Transaction Report
Form 4
Bright Force Investment, LLC
10% Owner
Transactions
- Sale
Common Stock
2025-03-10$6.38/sh−21,207$135,301→ 1,578,793 total
Holdings
- 13,306,084
Partnership Units
→ Common Stock (13,306,084 underlying)
Footnotes (2)
- [F1]Held directly by Bright Force Investment, LLC, a limited liability company wholly-owned by NewcrestImage Holdings, LLC.
- [F2]Represents common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (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.