Innsuites Hospitality EVP Marc Berg sells $361.5 million in stock

Marc E. Berg, Executive Vice President and Secretary/Treasurer of Innsuites Hospitality Trust (NASDAQ:IHT), recently divested a significant portion of the company's shares. On September 17, 2026, Berg sold 16,000 shares of Innsuites Hospitality REIT, accruing a total value of approximately $361.5 million. This sale occurred at a price of $22,593.6 per share, although it is noted that this price may be a reporting error, as the current share price of IHT is $1.42, with a market cap of $17.34 million.

Despite a 35% increase in share value over the past six months, InvestingPro analysis indicates that the company may be overvalued, appearing on the most overvalued list. Following this transaction, Berg retains ownership of 32,475 shares of Innsuites Hospitality REIT. Investors are advised to consider the additional insights provided by InvestingPro, which offers 12 exclusive tips for IHT.

In a separate development, InnSuites Hospitality Trust held its 2026 Annual Meeting of Shareholders, during which Steven S. Robson was elected as a trustee with overwhelming support. The meeting also confirmed the company's auditor and saw 7,531,295 shares represented either in person or by proxy, meeting the required quorum.