Key facts
- This page summarizes Mehulkumar Bhikhubhai Patel's Form 4 filing for Summit Hotel Properties, Inc. (INN).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 06 Jan 2025, 16:10.
Mehulkumar Bhikhubhai Patel - 02 Jan 2025 Form 4 Insider Report for Summit Hotel Properties, Inc. (INN)
- Reporting relationship
- Director
- Issuer ticker
- INN
- Reported as of
- 02 Jan 2025
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 06 Jan 2025, 16:10:24 UTC
- Prior SEC filing
- 29 May 2024
- Next SEC filing
- 22 May 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Mehulkumar Patel
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Mehulkumar Bhikhubhai Patel filed Form 4 for Summit Hotel Properties, Inc. (INN) on 06 Jan 2025.
Change
- Previous filing in this sequence was filed on 29 May 2024.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
INN
transaction
Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +479,295
- Change %
- Price
- $0.000000
- Shares after
- 479,295
- Date
- 02 Jan 2025
- Ownership
- By Sagestar Family, LLC
- Footnotes
- F1
INN
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 46,275
- Date
- 02 Jan 2025
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
INN
transaction
Derivative
Partnership Units
Conversion of derivative security
- Transaction value
- $0
- Shares
- -479,295
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 02 Jan 2025
- Ownership
- By Sagestar Family, LLC
- Underlying class
- Common Stock
- Underlying amount
- 479,295
- Exercise price
- Footnotes
- F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
Shares of common stock of the Issuer issued to an entity partially owned by the reporting person 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"). The reporting person disclaims any beneficial ownership of such shares of common stock, except to the extent of his pecuniary interest therein.
Footnote 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.