Patel Mehulkumar Bhikhubhai 4

What Happened

• Mehulkumar Bhikhubhai Patel (Director) was granted/awarded 22,293 shares of Summit Hotel Properties, Inc. (INN) on 2026-05-20. The Form 4 reports the acquisition price as $0.00 (total reported value $0), indicating a grant or compensation award rather than a market purchase.

Key Details

• Transaction date: 2026-05-20; transaction reported as code "A" (award/grant/acquisition).
• Shares acquired: 22,293; Price reported: $0.00; Total reported value: $0.
• Filing date: 2026-05-21 (Form 4 accession 0001905508-26-000014). No late-filing flag noted in the provided data.
• Shares owned after transaction: not specified in the supplied filing details.
• Footnote: The filing notes that it "does not reflect shares previously reported as indirectly held by Sagestar Family, LLC that are no longer considered to be beneficially owned by the reporting person." This may affect any previously reported indirect holdings.

Context

• Awards/grants to directors are typically part of compensation or retainer arrangements and do not necessarily signal a buy/sell decision by the insider. The Form 4 here reports the award as an acquisition at $0; the filing does not specify vesting terms, whether these are restricted shares or RSUs, or if any shares were sold immediately.