Brendan MacDonald - Jul 1, 2021 Form 4 Insider Report for CONDOR HOSPITALITY TRUST, INC. (CDOR)

Role: Director
Signature: /s/ Jill Burger for Brendan MacDonald
Stock symbol: CDOR
Transactions as of: Jul 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/6/2021, 04:38 PM
Next filing: Aug 2, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CDOR	Common Stock	Award	$0	+1.73K	+0.06%	$0.00	2.91M	Jul 1, 2021	By SREP III Flight-Investco, L.P.	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares issued under the Company's 2016 Stock Plan for director fees for the quarter ended 06/30/2021. Mr. MacDonald is a member of StepStone Group Real Estate Holdings LLC ("SGREH"), general manager of StepStone Group Real Estate LP, the sole member and investment manager of StepStone Rep III (GP), LLC, the general partner of SREP III, Flight-Investco, L.P. His employment terms with SGREH provide that all director fees received by him, including the1,728 shares reported on the Form 4, are for the sole benefit of SREP III Flight Investco, L.P. (continued at Footnote 2)
F2	(continued from Footnote 1) Mr. MacDonald may be deemed a participant in the control of the voting, disposition or purchase of these shares and thus may be deemed to share beneficial ownership of these shares. Mr. MacDonald disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Content

Shares issued under the Company's 2016 Stock Plan for director fees for the quarter ended 06/30/2021. Mr. MacDonald is a member of StepStone Group Real Estate Holdings LLC ("SGREH"), general manager of StepStone Group Real Estate LP, the sole member and investment manager of StepStone Rep III (GP), LLC, the general partner of SREP III, Flight-Investco, L.P. His employment terms with SGREH provide that all director fees received by him, including the1,728 shares reported on the Form 4, are for the sole benefit of SREP III Flight Investco, L.P. (continued at Footnote 2)

(continued from Footnote 1) Mr. MacDonald may be deemed a participant in the control of the voting, disposition or purchase of these shares and thus may be deemed to share beneficial ownership of these shares. Mr. MacDonald disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.