Penkar Rajan 4
4 · Service Properties Trust · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
Service Properties (SVC) Director Rajan Penkar Buys 10,000 Shares
What Happened Rajan Penkar, a director of Service Properties Trust (NASDAQ: SVC), acquired 10,000 shares in an open-market purchase on April 2, 2026, at $1.20 per share, for a total cost of $12,000. This was a straightforward buy (Form 4 code P), which is often viewed as a more informative insider action than routine sales.
Key Details
- Transaction date and price: 2026-04-02 — 10,000 shares at $1.20 each (total $12,000).
- Filing: Form 4 filed 2026-04-06 (timely; filed within SEC’s two-business-day requirement).
- Shares owned after the transaction: 75,680 shares beneficially owned (10,000 purchased plus 65,680 shares referenced in the filing).
- Footnote: The 65,680 shares consist of shares previously held directly by Mr. Penkar that were transferred to the "Rajan Chandrakant Penkar Revocable Trust U/A DTD 10/25/11," of which he is the sole trustee and beneficiary.
Context This was a direct open-market purchase (not an option exercise, gift, or company award). Transfers to a revocable trust are common estate-planning steps and do not necessarily change beneficial ownership — the filing notes Mr. Penkar remains the sole trustee and beneficiary of that trust. As always, purchases by insiders are factual data points; they do not prove future stock performance.
Insider Transaction Report
- Purchase
Common Shares of Beneficial Interest
2026-04-02$1.20/sh+10,000$12,000→ 10,000 total
- 65,680(indirect: By Trust)
Common Shares of Beneficial Interest
[F1]
Footnotes (1)
- [F1]Consists of 65,680 shares previously held by the Reporting Person directly which were transferred to the Rajan Chandrakant Penkar Revocable Trust U/A DTD 10/25/11, of which the Reporting Person is the sole trustee and beneficiary.