Rynders Perry M. 4

What Happened
Perry M. Rynders, a director of Lodging Fund REIT III, was awarded 500 shares on June 30, 2026. The Form 4 reports the acquisition as an award/grant (code A) at a reported price of $0.00, so the filing shows no cash paid for these shares (reported acquisition value $0).

Key Details

• Transaction date and type: 2026-06-30 — Grant/Award (A) of 500 shares at $0.00 per share.
• Shares owned after transaction: The filing notes 9,367.3 shares are held by the Rynders Family Trust (per footnote).
• Footnote: All 9,367.3 shares are held by the Rynders Family Trust (indicates indirect/beneficial ownership).
• Timeliness: No late filing flag indicated on the reported Form 4.

Context
This was an equity award (company grant), not an open-market purchase or sale. Awards are commonly used for director compensation or long-term incentives and do not by themselves indicate personal buying or selling behavior. The shares are reported as held via a family trust, which reflects indirect beneficial ownership.