EVP, Secretary, Treasurer at Innsuites Hospitality Trust Sells $361.5 million in Stock

Marc Berg E, who serves as EVP, Secretary, Treasurer at Innsuites Hospitality Trust (IHT), sold 16,000 shares of the company's stock, according to a disclosure filed with the U.S. Securities and Exchange Commission.

The transaction was executed at a price of $22593.60 per share, for a total value of approximately $361.5 million.

Insider transactions of this kind are publicly disclosed through Form 4 filings with the SEC, which must generally be submitted within two business days of the trade date.

Sales by insiders often reflect routine portfolio management or pre-scheduled trading plans rather than a view on the company's prospects.