Paul C. Hughes - 30 Jun 2021 Form 4 Insider Report for Hospitality Investors Trust, Inc.

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction		Common Stock	Award	$0	+52,778	+45%	$0.000000	168,836	30 Jun 2021	Direct	F1, F2
transaction		Common Stock	Other		-168,836	-100%		0	30 Jun 2021	Direct	F1, F3

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

Id	Content
F1	On June 30, 2021, as further described in the Current Report on Form 8-K filed by Hospitality Investors Trust, Inc. (the "Company") on July 1, 2021, the joint prepackaged Chapter 11 plan of reorganization previously filed by the Company in the United States Bankruptcy Court for the District of Delaware (the "Plan") became effective.
F2	Represents the vesting and settlement of restricted share units previously awarded to the reporting person subject to performance-based conditions under the Amended and Restated Employee and Director Incentive Restricted Share Plan of Hospitality Investors Trust, Inc. (the "RSP"). When the Plan became effective, pursuant to the terms thereof, the RSP was terminated and all restricted share units previously awarded thereunder were settled in shares of the Company's common stock (with each restricted share unit settled in one share of the Company's common stock, and with restricted share units subject to performance-based conditions to be paid assuming maximum performance).
F3	When the Plan became effective, pursuant to the terms thereof, each share of the Company's common stock outstanding immediately prior to the effectiveness of the Plan was cancelled and exchanged for a right to receive contingent cash payments pursuant to a contingent value rights agreement entered into as of the effectiveness of the Plan in the form attached as an exhibit to the Plan.