Dominic Dragisich - Jul 11, 2023 Form 4 Insider Report for CHOICE HOTELS INTERNATIONAL INC /DE (CHH)

Role
Chief Financial Officer
Signature
Emanuel Strauss, attorney in fact
Stock symbol
CHH
Transactions as of
Jul 11, 2023
Transactions value $
-$949,578
Form type
4
Date filed
7/11/2023, 04:44 PM
Previous filing
Mar 6, 2023
Next filing
Aug 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHH Common Stock Options Exercise $1.03M +12.6K +14.49% $81.55 99.6K Jul 11, 2023 Direct F1
transaction CHH Common Stock Sale -$534K -4.3K -4.32% $124.14 95.3K Jul 11, 2023 Direct F1, F2
transaction CHH Common Stock Sale -$1.03M -8.28K -8.69% $124.90 87K Jul 11, 2023 Direct F1, F3
transaction CHH Common Stock Sale -$2.64K -21 -0.02% $125.70 87K Jul 11, 2023 Direct F1
transaction CHH Common Stock Sale -$307K -2.47K -2.84% $124.03 84.5K Jul 11, 2023 Direct F1, F4
transaction CHH Common Stock Sale -$99.7K -800 -0.95% $124.65 83.7K Jul 11, 2023 Direct F1

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 CHH Employee Stock Options Options Exercise $0 -12.6K -100% $0.00* 0 Jul 11, 2023 Common Stock 12.6K $81.55 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These transactions occurred pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 14, 2023.
F2 Weighted average price, as these shares were sold in multiple transactions at prices ranging from $123.52 to $124.35, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Weighted average price, as these shares were sold in multiple transactions at prices ranging from $124.65 to $125.31, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Weighted average price, as these shares were sold in multiple transactions at prices ranging from $123.56 to $124.05, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, additional information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 Options vested in four equal annual installments beginning on March 2, 2019.