James F. Wirth, President, CEO, Chairman and major shareholder of Innsuites Hospitality Trust (NASDAQ: IHT), sold 34,800 shares on August 21 at $52,316.70 per share, generating approximately $1.82 billion in proceeds. The transaction was disclosed in a regulatory filing on August 24, 2026, and reported the same day at 23:02.
Following the disposal, Wirth retains direct ownership of 8,045,764 shares in the company. The sale occurred amid a 10% weekly decline in the company’s stock, though shares remain up roughly 40% over the prior six months. Innsuites Hospitality Trust’s shares are currently rated “FRACA” by InvestingPro, reflecting weak financial health and ongoing losses.
At InnSuites Hospitality Trust’s 2026 annual meeting, shareholders approved the election of Steven S. Robson as a trustee, with 7,090,809 votes in favor, 25,817 against and 414,669 abstentions. A total of 7,531,295 shares were represented at the meeting, which also approved the appointment of the company’s auditor.
