Innsuites Hospitality EVP Marc Berg sells $361.5m in stock

Marc E. Berg, the Executive Vice President and Secretary/Treasurer of Innsuites Hospitality Trust (NASDAQ: IHT), sold a substantial 16,000 shares of the company's common stock on September 17, 2026. The value of this sale amounted to around $361,497,600, as each share was traded at $22,593.6. This transaction occurred in the context of IHT shares trading at $1.40, reflecting a 24.86% decline over the past year, although shares have experienced a 37% rebound in the last six months.

According to InvestingPro analysis, the stock is currently overvalued when compared to its intrinsic value, with the company receiving a WEAK financial health rating. IHT investors can access 12 additional exclusive insights from InvestingPro for a more detailed understanding of the company.

Following this significant sale, Mr. Berg personally owns 32,475 shares of Innsuites Hospitality Trust. The filing detailing the change in beneficial ownership was filed on September 18, 2026. In other recent developments, InnSuites Hospitality Trust reported the outcomes of its 2026 Annual Meeting of Shareholders. At the meeting, Steven S. Robson was elected as a trustee, receiving 7,090,809 votes in favor and 25,817 against, with 414,669 abstentions.

The meeting saw representation of 7,531,295 shares, either in person or by proxy, satisfying the quorum requirement. Furthermore, the company's financial statements were approved at the meeting. These updates are part of the company's ongoing governance procedures.