PORTNOY ADAM D. 4

What Happened
Adam D. Portnoy, a director of Service Properties Trust (NASDAQ: SVC), acquired 41,666,666 shares on 2026-04-02 at $1.20 per share for a total of $49,999,999. The reported transaction code is P (purchase), indicating an outright acquisition rather than a sale or option exercise.

Key Details

• Transaction date and price: 2026-04-02 — 41,666,666 shares at $1.20 per share (total $49,999,999).
• Transaction type: P = Purchase (open market or private purchase reported).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Reported on 2026-04-02 (period of report 2026-04-02); filing appears timely.
• Footnotes:
  • F1: These shares are held by The RMR Group LLC (RMR LLC), a majority-owned subsidiary of The RMR Group Inc. (RMR Inc.). Portnoy is a managing director and controlling shareholder of RMR Inc., and is a beneficial owner and director of RMR LLC and RMR Inc.; each disclaims beneficial ownership except to the extent of pecuniary interest.
  • F2: Some shares are held by ABP Trust, of which Portnoy is sole trustee; he similarly disclaims beneficial ownership except to the extent of pecuniary interest.

Context
The filing reports a large purchase rather than a sale or option exercise. Because the shares are held through affiliated entities (RMR LLC and ABP Trust), the filing notes potential deemed beneficial ownership by Portnoy but includes disclaimers limiting that claim to pecuniary interest. This summary is factual and does not infer motivation for the purchase.