Bright Force Investment, LLC - 06 Mar 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
Issuer symbol
INN
Transactions as of
06 Mar 2025
Net transactions value
$0
Form type
4
Filing time
10 Mar 2025, 21:47:59 UTC
Previous filing
25 Mar 2022
Next filing
12 Mar 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 +1,600,000 $0.000000 1,600,000 06 Mar 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 -1,600,000 -100% $0.000000 0 06 Mar 2025 Common Stock 1,600,000 Direct F2, F3
holding INN Partnership Units 13,306,084 06 Mar 2025 Common Stock 13,306,084 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.