Service Properties Trust (SVC) Director Adam Portnoy Sells 6,646 Shares

What Happened

• Adam D. Portnoy, a director of Service Properties Trust (NASDAQ: SVC), had 6,646 shares withheld to satisfy tax withholding obligations related to the vesting of securities. The withholding was reported as a disposition at $6.57 per share for a total value of $43,664.

Key Details

• Transaction date: 2026-09-17
• Transaction type/code: Payment of tax liability by withholding shares (Code F)
• Price per share: $6.57; Shares withheld/disposed: 6,646; Total value: $43,664
• Shares owned after transaction: Not specified in the filing
• Footnotes:
  • F1: Withholding of securities to pay tax liability incident to vesting (cashless/tax-withholding).
  • F2: 6,646 shares are held by ABP Trust; Mr. Portnoy is sole trustee and may be deemed beneficial owner but disclaims ownership except for pecuniary interest.
  • F3: Some shares are held by RMR Group entities; ownership/disclaimer details noted in filing.
• Filing timeliness: Form 4 filed on 2026-09-21 for a 2026-09-17 transaction — filed within the standard two business-day reporting window.

Context

• This was a tax-withholding disposition (routine administrative action) tied to the vesting of awards, not an open-market sale expressing investment intent. Such withholdings are common and generally do not signal management’s view on the company’s stock.