Bright Force Investment, LLC - Mar 6, 2025 Form 4 Insider Report for Summit Hotel Properties, Inc. (INN)

Role
10%+ Owner
Signature
BRIGHT FORCE INVESTMENT, LLC By: /s/ Chirag Patel Name: Chirag Patel Title: Manager
Stock symbol
INN
Transactions as of
Mar 6, 2025
Transactions value $
$0
Form type
4
Date filed
3/10/2025, 09:47 PM
Previous filing
Mar 25, 2022
Next filing
Mar 12, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INN Common Stock Conversion of derivative security $0 +1.6M $0.00 1.6M Mar 6, 2025 Direct F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INN Partnership Units Conversion of derivative security $0 -1.6M -100% $0.00 0 Mar 6, 2025 Common Stock 1.6M Direct F2, F3
holding INN Partnership Units 13.3M Mar 6, 2025 Common Stock 13.3M Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of common stock of the Issuer issued in connection with the redemption of common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (the "Operating Partnership").
F2 Represents OP Units in the Operating Partnership. Each OP Unit is redeemable for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Operating Partnership may, at its election, cause the Issuer to acquire some or all of the OP Units so presented on a one to one basis for shares of the Issuer's common stock. These redemption rights have no expiration date.
F3 Held directly by Bright Force Investment, LLC, a limited liability company wholly-owned by NewcrestImage Holdings, LLC.