Bruce Bainum - Nov 30, 2024 Form 4 Insider Report for CHOICE HOTELS INTERNATIONAL INC /DE (CHH)

Role
10%+ Owner
Signature
Christine A. Shreve, POA
Stock symbol
CHH
Transactions as of
Nov 30, 2024
Transactions value $
-$10,147,995
Form type
4
Date filed
12/2/2024, 01:37 PM
Previous filing
Jan 19, 2024

Transactions Table

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

Explanation of Responses:

Id Content
F1 Shares owned by the Bruce Bainum Declaration of Trust ("Bruce Trust") for which Dr. Bainum is the sole trustee and current beneficiary. Shares were gifted.
F2 Shares owned by the Bruce Trust for which Dr. Bainum is the sole trustee and current beneficiary. Shares were distributed from Mid Pines Associates, LP as a result of the dissolution and liquidation of the Partnership.
F3 Shares owned by the Bruce Trust for which Dr. Bainum is the sole trustee and current beneficiary. Shares were distributed from a Grantor Retained Annuity Trust to Dr. Bainum and a trust for his descendants.
F4 Shares owned by the Bruce Trust for which Dr. Bainum is the sole trustee and current beneficiary. Shares were distributed from Posadas Holdings, LLC, a family investment entity in which Dr. Bainum shares voting authority.
F5 The proportionate interest of the Bruce Bainum Declaration of Trust ("Bruce Trust") in shares (6,821,574) owned by White Oak Legacy, Inc. ("White Oak Legacy") , an investment company in which Dr. Bainum is a noncontrolling shareholder and shares voting authority. White Oak Legacy owns Choice stock as well as other assets and liabilities. Dr. Bainum sold a portion of his stock in White Oak Legacy to trusts for the benefit of his descendants for $36.2M.
F6 The proportionate interest of shares owned by White Oak Legacy, Inc (6,821,574) of individual trusts for the benefit of Dr. Bainum's adult children for which Dr. Bainum is the trustee. Beneficial ownership is disclaimed.
F7 Shares owned by a trust for the benefit of Dr. Bainum's descendants for which Dr. Bainum is trustee. Beneficial ownership is disclaimed.