INN

SEC source: 0001104659-23-031299 · tm239150-4_4seq1.xml · nonDerivative · entry 1

Stanner Jonathan P · CIK 0001704002 · Director · President, CEO & Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 939,358

F1 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2024 (25% of the shares granted), March 9, 2025 (25% of the shares granted) and March 9, 2026 (the remaining 50% of the shares granted).

SEC source: 0001104659-23-031292 · tm239150-3_4seq1.xml · nonDerivative · entry 2

Eng Christopher R. · CIK 0001510365 · EVP, G.C., CRO & Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 293,816

F2 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable on March 8, 2026, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's cumulative total shareholder return (TSR) for the period starting March 8, 2023 and ending March 8, 2026 exceeds at least 25.5% of its peer group, which shall include certain constituents of the Dow Jones U.S. Hotels Index. The number of shares will convert at a range from 25% to 200% of the shares granted to the reporting person based upon the Issuer's cumulative TSR performance compared to its peer group for the reporting period.

SEC source: 0001104659-23-031292 · tm239150-3_4seq1.xml · nonDerivative · entry 1

Eng Christopher R. · CIK 0001510365 · EVP, G.C., CRO & Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 254,956

F1 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2024 (25% of the shares granted), March 9, 2025 (25% of the shares granted) and March 9, 2026 (the remaining 50% of the shares granted).

SEC source: 0001104659-22-122518 · tm2231462-1_4seq1.xml · nonDerivative · entry 1

Patel Mehulkumar Bhikhubhai · CIK 0001905508 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,899

SEC source: 0001104659-22-062945 · tm2216087-1_4seq1.xml · nonDerivative · entry 1

Conkling William Higgins · CIK 0001861105 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 284,157

F1 · shares: Represents shares of common stock surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.

SEC source: 0001104659-22-060438 · tm2215524d1_4seq1.xml · nonDerivative · entry 1

Belouizdad Amina · CIK 0001861677 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,756

SEC source: 0001104659-22-060491 · tm2215524-7_4seq1.xml · nonDerivative · entry 1

Storey Thomas W. · CIK 0001510368 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 153,573

SEC source: 0001104659-22-060478 · tm2215524-6_4seq1.xml · nonDerivative · entry 1

Patel Mehulkumar Bhikhubhai · CIK 0001905508 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,899

SEC source: 0001104659-22-060462 · tm2215524-4_4seq1.xml · nonDerivative · entry 1

JONES JEFFREY W · CIK 0001265321 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 83,048

SEC source: 0001104659-22-060467 · tm2215524-5_4seq1.xml · nonDerivative · entry 1

Kay Kenneth J · CIK 0001292642 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 83,048

SEC source: 0001104659-22-060451 · tm2215524-3_4seq1.xml · nonDerivative · entry 1

Taitz Hope S · CIK 0001525808 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,965

SEC source: 0001104659-22-060447 · tm2215524-2_4seq1.xml · nonDerivative · entry 1

Hanson Bjorn R.L. · CIK 0001512373 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 96,476

SEC source: 0001104659-22-044309 · tm2212308-5_4seq1.xml · nonDerivative · entry 1

Conkling William Higgins · CIK 0001861105 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 291,685

F1 · shares: Represents shares of common stock surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.

SEC source: 0001104659-22-044304 · tm2212308-4_4seq1.xml · nonDerivative · entry 2

RUIZ PAUL · CIK 0001116526 · SVP and CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 200,302

F2 · shares: Represents shares of common stock surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.

SEC source: 0001104659-22-044304 · tm2212308-4_4seq1.xml · nonDerivative · entry 1

RUIZ PAUL · CIK 0001116526 · SVP and CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 217,388

F1 · shares: Represents additional shares that were earned based on the Issuer's cumulative TSR performance compared to peer group for the measurement period starting March 7, 2019 and ending March 7, 2022 pursuant to a previously reported stock award agreement between Issuer and the reporting person.

SEC source: 0001104659-22-044302 · tm2212308-3_4seq1.xml · nonDerivative · entry 2

Stanner Jonathan P · CIK 0001704002 · Director · President, CEO & Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 768,374

F2 · shares: Represents shares of common stock surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.

SEC source: 0001104659-22-044302 · tm2212308-3_4seq1.xml · nonDerivative · entry 1

Stanner Jonathan P · CIK 0001704002 · Director · President, CEO & Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 820,722

F1 · shares: Represents additional shares that were earned based on the Issuer's cumulative TSR performance compared to peer group for the measurement period starting March 7, 2019 and ending March 7, 2022 pursuant to a previously reported stock award agreement between Issuer and the reporting person.

SEC source: 0001104659-22-044301 · tm2212308d2_4.xml · nonDerivative · entry 2

Hansen Daniel P · CIK 0001360513 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 504,033

F2 · shares: Represents shares of common stock surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.

SEC source: 0001104659-22-044301 · tm2212308d2_4.xml · nonDerivative · entry 1

Hansen Daniel P · CIK 0001360513 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 582,123

F1 · shares: Represents additional shares that were earned based on the Issuer's cumulative TSR performance compared to peer group for the measurement period starting March 7, 2019 and ending March 7, 2022 pursuant to a previously reported stock award agreement between Issuer and the reporting person.

SEC source: 0001104659-22-044299 · tm2212308-1_4seq1.xml · nonDerivative · entry 2

Eng Christopher R. · CIK 0001510365 · EVP, G.C., CRO & Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 229,049

F2 · shares: Represents shares of common stock surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.

SEC source: 0001104659-22-044299 · tm2212308-1_4seq1.xml · nonDerivative · entry 1

Eng Christopher R. · CIK 0001510365 · EVP, G.C., CRO & Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 248,271

F1 · shares: Represents additional shares that were earned based on the Issuer's cumulative TSR performance compared to peer group for the measurement period starting March 7, 2019 and ending March 7, 2022 pursuant to a previously reported stock award agreement between Issuer and the reporting person.

SEC source: 0001104659-22-038155 · tm2210452-1_4seq1.xml · derivative · entry 1

Bright Force Investment, LLC · CIK 0001905505 · 10% owner

NewcrestImage Holdings, LLC · CIK 0001905507 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,906,084

Underlying: Common Stock · 550,180 shares

Expires not disclosed

F1 · security: Represents common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (the "Operating Partnership"). Each OP Unit is redeemable, after July 13, 2022, 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.

F1 · derivative.exercise_price: Represents common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (the "Operating Partnership"). Each OP Unit is redeemable, after July 13, 2022, 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.

F2 · kind: OP Units issued in connection with the consummation of the contribution of a property to the Operating Partnership or its affiliate pursuant to the Contribution and Purchase Agreement, executed as of November 2, 2021, by and among the Operating Partnership, Summit Hospitality JV, LP, NewcrestImage Holdings, LLC and NewcrestImage Holdings II, LLC, as amended.

F2 · price: OP Units issued in connection with the consummation of the contribution of a property to the Operating Partnership or its affiliate pursuant to the Contribution and Purchase Agreement, executed as of November 2, 2021, by and among the Operating Partnership, Summit Hospitality JV, LP, NewcrestImage Holdings, LLC and NewcrestImage Holdings II, LLC, as amended.

F1 · derivative.expiration_date: Represents common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (the "Operating Partnership"). Each OP Unit is redeemable, after July 13, 2022, 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 · ownership.direct: Held directly by Bright Force Investment, LLC, a limited liability company wholly-owned by NewcrestImage Holdings, LLC.

SEC source: 0001104659-22-032505 · tm228885-4_4seq1.xml · nonDerivative · entry 2

Conkling William Higgins · CIK 0001861105 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 295,895

F2 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable on March 8, 2024, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's cumulative total shareholder return (TSR) for the period starting March 8, 2022 and ending March 8, 2025 exceeds at least 25.5% of its peer group, which shall include certain constituents of the SNL US REIT Hotel Index. The number of shares will convert at a range from 25% to 200% of the shares granted to the reporting person based upon the Issuer's cumulative TSR performance compared to its peer group for the reporting period.

SEC source: 0001104659-22-032505 · tm228885-4_4seq1.xml · nonDerivative · entry 1

Conkling William Higgins · CIK 0001861105 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 228,479

F1 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2023 (25% of the shares granted), March 9, 2024 (25% of the shares granted) and March 9, 2025 (the remaining 50% of the shares granted).

SEC source: 0001104659-22-032504 · tm228885-3_4seq1.xml · nonDerivative · entry 2

RUIZ PAUL · CIK 0001116526 · SVP & Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 209,710

F2 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable on March 8, 2024, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's cumulative total shareholder return (TSR) for the period starting March 8, 2022 and ending March 8, 2025 exceeds at least 25.5% of its peer group, which shall include certain constituents of the SNL US REIT Hotel Index. The number of shares will convert at a range from 25% to 200% of the shares granted to the reporting person based upon the Issuer's cumulative TSR performance compared to its peer group for the reporting period.

SEC source: 0001104659-22-032504 · tm228885-3_4seq1.xml · nonDerivative · entry 1

RUIZ PAUL · CIK 0001116526 · SVP & Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 182,131

F1 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2023 (25% of the shares granted), March 9, 2024 (25% of the shares granted) and March 9, 2025 (the remaining 50% of the shares granted).

SEC source: 0001104659-22-032502 · tm228885-2_4seq1.xml · nonDerivative · entry 2

Stanner Jonathan P · CIK 0001704002 · Director · President, CEO & Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 799,607

F2 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable on March 8, 2024, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's cumulative total shareholder return (TSR) for the period starting March 8, 2022 and ending March 8, 2025 exceeds at least 25.5% of its peer group, which shall include certain constituents of the SNL US REIT Hotel Index. The number of shares will convert at a range from 25% to 200% of the shares granted to the reporting person based upon the Issuer's cumulative TSR performance compared to its peer group for the reporting period.

SEC source: 0001104659-22-032502 · tm228885-2_4seq1.xml · nonDerivative · entry 1

Stanner Jonathan P · CIK 0001704002 · Director · President, CEO & Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 615,746

F1 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2023 (25% of the shares granted), March 9, 2024 (25% of the shares granted) and March 9, 2025 (the remaining 50% of the shares granted).

SEC source: 0001104659-22-032500 · tm228885-1_4seq1.xml · nonDerivative · entry 2

Eng Christopher R. · CIK 0001510365 · EVP, G.C., CRO & Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 239,633

F2 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable on March 8, 2024, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's cumulative total shareholder return (TSR) for the period starting March 8, 2022 and ending March 8, 2025 exceeds at least 25.5% of its peer group, which shall include certain constituents of the SNL US REIT Hotel Index. The number of shares will convert at a range from 25% to 200% of the shares granted to the reporting person based upon the Issuer's cumulative TSR performance compared to its peer group for the reporting period.

SEC source: 0001104659-22-032500 · tm228885-1_4seq1.xml · nonDerivative · entry 1

Eng Christopher R. · CIK 0001510365 · EVP, G.C., CRO & Sec

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 212,054

F1 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective May 13, 2021. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2023 (25% of the shares granted), March 9, 2024 (25% of the shares granted) and March 9, 2025 (the remaining 50% of the shares granted).

SEC source: 0001104659-22-007869 · tm224528-1_4seq1.xml · nonDerivative · entry 1

Hansen Daniel P · CIK 0001360513 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 528,376

F1 · shares: Represents shares of common stock surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.

SEC source: 0001104659-22-005504 · tm223255-2_4seq1.xml · derivative · entry 2

Patel Mehulkumar Bhikhubhai · CIK 0001905508 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · By Sagestar Family, LLC

Disclosed balance after: 479,295

Underlying: Common Stock · 479,295 shares

Expires not disclosed

F1 · security: Represents common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (the "Operating Partnership"). Each OP Unit is redeemable, after July 13, 2022, 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-for-one basis for shares of the Issuer's common stock. These redemption rights have no expiration date.

F1 · derivative.exercise_price: Represents common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (the "Operating Partnership"). Each OP Unit is redeemable, after July 13, 2022, 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-for-one basis for shares of the Issuer's common stock. These redemption rights have no expiration date.

F2 · kind: OP Units issued to an entity partially owned by the reporting person in connection with the consummation of the contribution of certain properties to the Operating Partnership or its affiliate pursuant to the Contribution and Purchase Agreement, executed as of November 2, 2021, by and among the Operating Partnership, Summit Hospitality JV, LP, NewcrestImage Holdings, LLC and NewcrestImage Holdings II, LLC . The reporting person disclaims any beneficial ownership of such OP Units, except to the extent of his pecuniary interest therein.

F2 · price: OP Units issued to an entity partially owned by the reporting person in connection with the consummation of the contribution of certain properties to the Operating Partnership or its affiliate pursuant to the Contribution and Purchase Agreement, executed as of November 2, 2021, by and among the Operating Partnership, Summit Hospitality JV, LP, NewcrestImage Holdings, LLC and NewcrestImage Holdings II, LLC . The reporting person disclaims any beneficial ownership of such OP Units, except to the extent of his pecuniary interest therein.

F1 · derivative.expiration_date: Represents common units of limited partnership interest ("OP Units") in Summit Hotel OP, LP, the operating partnership of the Issuer (the "Operating Partnership"). Each OP Unit is redeemable, after July 13, 2022, 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-for-one basis for shares of the Issuer's common stock. These redemption rights have no expiration date.

SEC source: 0001104659-22-005504 · tm223255-2_4seq1.xml · nonDerivative · entry 1

Patel Mehulkumar Bhikhubhai · CIK 0001905508 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,234

SEC source: 0001104659-21-135838 · tm2132238-1_4seq1.xml · nonDerivative · entry 3

Hansen Daniel P · CIK 0001360513 · Director · Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Family Company

Disclosed balance after: 153,590

F1 · shares: The securities were sold pursuant to a Rule 10b5-1 plan entered into by the reporting person in August 2021.

F3 · price: The securities were sold in multiple transactions at prices per share ranging from $10.50 to $10.93, inclusive. The price shown is a weighted average of the per-share prices in those transactions. 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, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-135838 · tm2132238-1_4seq1.xml · nonDerivative · entry 2

Hansen Daniel P · CIK 0001360513 · Director · Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Family Company

Disclosed balance after: 347,088

F1 · shares: The securities were sold pursuant to a Rule 10b5-1 plan entered into by the reporting person in August 2021.

F2 · price: The securities were sold in multiple transactions at prices per share ranging from $10.50 to $10.67, inclusive. The price shown is a weighted average of the per-share prices in those transactions. 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, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-105362 · tm2125099-2_4seq1.xml · nonDerivative · entry 2

Aniszewski Craig J · CIK 0001360511 · EVP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 486,538

F2 · shares: The securities were sold in multiple transactions at prices per share ranging from $9.04 to $9.12, inclusive. The price shown is a weighted average of the per-share prices in those transactions. 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, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F2 · price: The securities were sold in multiple transactions at prices per share ranging from $9.04 to $9.12, inclusive. The price shown is a weighted average of the per-share prices in those transactions. 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, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-105362 · tm2125099-2_4seq1.xml · nonDerivative · entry 1

Aniszewski Craig J · CIK 0001360511 · EVP and COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 503,419

F1 · shares: The securities were sold in multiple transactions at prices per share ranging from $9.12 to $9.125, inclusive. The price shown is a weighted average of the per-share prices in those transactions. 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, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · price: The securities were sold in multiple transactions at prices per share ranging from $9.12 to $9.125, inclusive. The price shown is a weighted average of the per-share prices in those transactions. 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, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-105357 · tm2125099-1_4seq1.xml · nonDerivative · entry 2

Hansen Daniel P · CIK 0001360513 · Director · Executive Chairman

10b5-1 filing: Not disclosed

Ownership: Indirect · Through Family Company

Disclosed balance after: 353,590

F1 · shares: The securities were sold in multiple transactions at prices per share ranging from $9.00 to $9.155, inclusive. The price shown is a weighted average of the per-share prices in those transactions. 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, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F1 · price: The securities were sold in multiple transactions at prices per share ranging from $9.00 to $9.155, inclusive. The price shown is a weighted average of the per-share prices in those transactions. 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, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

SEC source: 0001104659-21-068890 · tm2116285-10_4seq1.xml · nonDerivative · entry 3

Conkling William Higgins · CIK 0001861105 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 183,535

F3 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective June 15, 2015. The restricted shares shall become vested and nonforfeitable on March 8, 2024, if the reporting person remains in the continued service as an employee of the Issuer and the Issuer's cumulative total shareholder return (TSR) for the period starting March 8, 2021 and ending March 8, 2024 exceeds at least 25.5% of its peer group, which shall include certain constituents of the SNL US REIT Hotel Index. The number of shares will convert at a range from 25% to 200% of the shares granted to the reporting person based upon the Issuer's cumulative TSR performance compared to its peer group for the reporting period.

SEC source: 0001104659-21-068890 · tm2116285-10_4seq1.xml · nonDerivative · entry 2

Conkling William Higgins · CIK 0001861105 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 119,333

F2 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective June 15, 2015. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on March 9, 2022 (25% of the shares granted), March 9, 2023 (25% of the shares granted) and March 9, 2024 (the remaining 50% of the shares granted).

SEC source: 0001104659-21-068890 · tm2116285-10_4seq1.xml · nonDerivative · entry 1

Conkling William Higgins · CIK 0001861105 · EVP & Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,531

F1 · shares: Represents shares of restricted common stock granted to the reporting person under the Issuer's 2011 Equity Incentive Plan as amended and restated effective June 15, 2015. The restricted shares shall become vested and nonforfeitable, subject to the reporting person's continued service as an employee of the Issuer, on May 17, 2022 (25% of the shares granted), May 17, 2023 (25% of the shares granted) and May 17, 2024 (the remaining 50% of the shares granted).

SEC source: 0001104659-21-066123 · tm2116285-2_4seq1.xml · nonDerivative · entry 1

Belouizdad Amina · CIK 0001861677 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,091

SEC source: 0001104659-21-066139 · tm2116285-7_4seq1.xml · nonDerivative · entry 1

Taitz Hope S · CIK 0001525808 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 48,300

SEC source: 0001104659-21-066135 · tm2116285-6_4seq1.xml · nonDerivative · entry 1

Storey Thomas W. · CIK 0001510368 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 141,908

SEC source: 0001104659-21-066134 · tm2116285-5_4seq1.xml · nonDerivative · entry 1

Kay Kenneth J · CIK 0001292642 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 71,383

SEC source: 0001104659-21-066132 · tm2116285d4_4seq1.xml · nonDerivative · entry 1

JONES JEFFREY W · CIK 0001265321 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 71,383

SEC source: 0001104659-21-066130 · tm2116285-3_4seq1.xml · nonDerivative · entry 1

Hanson Bjorn R.L. · CIK 0001512373 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 84,811

SEC source: 0001104659-21-043351 · tm2111201-5_4seq1.xml · nonDerivative · entry 2

RUIZ PAUL · CIK 0001116526 · SVP & Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 163,745

F2 · shares: Represents shares of common stock that were subject to performance-based vesting conditions previously granted to the reporting person under the Issuer's 2011 Equity Incentive Plan As Amended and Restated that were forfeited as a result of performance metrics not being met.

SEC source: 0001104659-21-043351 · tm2111201-5_4seq1.xml · nonDerivative · entry 1

RUIZ PAUL · CIK 0001116526 · SVP & Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 167,093

F1 · shares: Represents shares of common stock surrendered to the Issuer to satisfy the reporting person's tax withholding obligations related to vesting of previously issued restricted common stock awards.

SEC source: 0001104659-21-043350 · tm2111201-4_4seq1.xml · nonDerivative · entry 2

Stanner Jonathan P · CIK 0001704002 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 493,172

F2 · shares: Represents shares of common stock that were subject to performance-based vesting conditions previously granted to the reporting person under the Issuer's 2011 Equity Incentive Plan As Amended and Restated that were forfeited as a result of performance metrics not being met.