Leighton Jeffrey T. 4

What Happened
Jeffrey T. Leighton, a director of Lodging Fund REIT III, was granted 500 shares on June 30, 2026. The Form 4 shows an acquisition coded as an award (code A) at $0.00 per share, so the reported acquisition value is $0.00. This was an equity award (compensation/benefit) rather than an open-market purchase or sale.

Key Details

• Transaction date: June 30, 2026; Form 4 filed: July 9, 2026
• Transaction type/code: Grant / Award (A)
• Shares acquired: 500 shares at $0.00 per share; reported value $0.00
• Shares owned after transaction: Not specified in the provided filing
• Footnotes/notable items: No footnotes or withholding noted in the filing excerpt provided
• Timeliness: Filing was dated July 9 for a June 30 transaction — this appears later than the typical 2-business-day Form 4 reporting requirement

Context
An award at $0.00 typically reflects a compensation grant (e.g., restricted stock or similar) rather than a market purchase; such grants often carry vesting or transfer restrictions and do not directly indicate trading sentiment. For retail investors, outright purchases by insiders are usually more informative about conviction; awards primarily reflect compensation policies. The apparent late filing can reduce short-term transparency, so you may want to review the company’s proxy or equity-plan disclosures for details on vesting and grant terms.