Adam D. Portnoy, a director of Service Properties Trust (NASDAQ:SVC), filed a Form 4 on September 21, 2026, disclosing a share disposition on September 17, 2026, related to a tax withholding event upon a security vesting.

Key Highlights

  • Reporting person: Adam D. Portnoy, listed as a Director of Service Properties Trust.
  • Transaction: 6,646 Common Shares of Beneficial Interest disposed of (transaction code F) on September 17, 2026, at a price of $6.57 per share.
  • Direct holdings after transaction: 114,933 Common Shares of Beneficial Interest held directly.
  • Indirect holdings via ABP Trust: 334,557 Common Shares of Beneficial Interest held indirectly, with beneficial ownership disclaimed except to the extent of pecuniary interest.
  • Indirect holdings via RMR LLC: 8,333,333 Common Shares of Beneficial Interest held indirectly through The RMR Group LLC, with beneficial ownership disclaimed except to the extent of pecuniary interest.
  • Withholding basis: The disposition was described as payment of a tax liability by withholding securities incident to the vesting of a security, in accordance with Rule 16b-3.

Adam D. Portnoy's Share Withholding and Beneficial Ownership at Service Properties Trust

According to the filing, Adam D. Portnoy disposed of 6,646 Common Shares of Beneficial Interest in Service Properties Trust on September 17, 2026, at $6.57 per share. The transaction code recorded is "F," which the filing explains reflects "payment of tax liability by withholding securities incident to the vesting of the security issued in accordance with Rule 16b-3." Following this transaction, Portnoy directly holds 114,933 Common Shares of Beneficial Interest, the filing disclosed.

The filing also reports two categories of indirectly held shares. First, 334,557 shares are held by ABP Trust, of which Portnoy is described as "the sole trustee, an officer and the controlling shareholder." Second, 8,333,333 shares are held by The RMR Group LLC, which the filing describes as "a direct majority owned subsidiary of The RMR Group Inc.," with Portnoy identified as "a managing director and controlling shareholder through ABP Trust." In both cases, the filing states that Portnoy "disclaims such beneficial ownership except to the extent of his pecuniary interest therein," and the same disclaimer applies to ABP Trust and RMR Inc. with respect to the RMR LLC-held shares.

No derivative securities transactions were reported in Table II of this filing. The Form 4 was signed by Adam D. Portnoy and filed on September 21, 2026, covering the earliest transaction date of September 17, 2026.

What Was Disclosed

The filing reported a single tax-withholding disposition of 6,646 shares at $6.57 by director Adam D. Portnoy on September 17, 2026, leaving him with 114,933 shares directly and over 8.6 million shares held indirectly through affiliated entities, with ownership disclaimed beyond his pecuniary interest.