Penkar Rajan 4

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.