Andrew Sims - Jan 23, 2023 Form 4 Insider Report for Sotherly Hotels Inc. (SOHO)

Role
Chairman, Director
Signature
/s/ Andrew M. Sims
Stock symbol
SOHO
Transactions as of
Jan 23, 2023
Transactions value $
$0
Form type
4
Date filed
1/25/2023, 03:05 PM
Previous filing
Sep 20, 2022
Next filing
Mar 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SOHO Common Stock Award +75K +17.47% 504K Jan 23, 2023 Direct F1
holding SOHO Common Stock 794K Jan 23, 2023 By AMS Family Partnership, R.L.L.P.
holding SOHO Common Stock 156K Jan 23, 2023 By spouse
holding SOHO Common Stock 20K Jan 23, 2023 By Jeanette I. Sims Revocable Trust
holding SOHO Common Stock 50.1K Jan 23, 2023 By ESOP F2
holding SOHO 8.0% Series B Preferred Stock 1.5K Jan 23, 2023 Direct F3
holding SOHO 7.875% Series C Preferred Stock 1.5K Jan 23, 2023 Direct F4
holding SOHO 8.25% Series D Preferred Stock 1.5K Jan 23, 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities were granted pursuant to an amendment to the Reporting Person's employment agreement, dated January 23, 2023, and pursuant to the Issuer's 2022 Long-Term Incentive Plan. The securities will vest in equal amounts of 15,000 shares over a five-year period.
F2 Reflects allocations under the Issuer's Employee Stock Ownership Plan.
F3 The full security title is 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock.
F4 The full security title is 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock.
F5 The full security title is 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock.