Sotherly Hotels (SOHO) director Schulte reports no share ownership on Form 3
Rhea-AI Filing Summary
Sotherly Hotels Inc. director Jay Jeffrey Schulte filed an initial ownership report stating that he currently holds no beneficial ownership of the company’s securities. This Form 3 filing formally records his insider status while confirming that he does not own any shares as of the reported date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schulte Jay Jeffrey
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | No securities are beneficially owned | -- | -- | -- |
Holdings After Transaction:
No securities are beneficially owned — 0 shares (Direct)
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Jay Jeffrey Schulte’s Form 3 for SOHO disclose?
The Form 3 discloses that director Jay Jeffrey Schulte currently has no securities beneficially owned in Sotherly Hotels Inc. It formally records his status as an insider while confirming a zero share ownership position at the time of the filing.
What is the significance of reporting zero beneficial ownership for SOHO?
Reporting zero beneficial ownership indicates the director holds no SOHO shares as of the filing date. It still places him under insider reporting rules, meaning any future acquisitions or dispositions of Sotherly Hotels Inc. securities will need to be reported on subsequent Forms 4 or 5.
Who is the reporting person on this Sotherly Hotels Inc. Form 3?
The reporting person is Jay Jeffrey Schulte, identified as a director of Sotherly Hotels Inc. The filing confirms his insider status with the company while also stating that he has no securities beneficially owned at the time of the initial ownership report.
Are any indirect or derivative holdings reported for SOHO on this Form 3?
No indirect or derivative holdings are reported. The Form 3 explicitly states no securities are beneficially owned, and the ownership type is listed as direct with total shares following the reported status shown as 0.0000 for Sotherly Hotels Inc.