Sotherly Hotels Inc. — Director's Dealing 2021

Mar 31, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Sotherly Hotels Inc. (SOHO)
CIK: 0001301236
Period of Report: 2021-03-29

Reporting Person: Sims Andrew (Director, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-29	Common Stock	S	21000	$3.5324	Disposed	391251	Direct
2021-03-30	Common Stock	S	19000	$3.4958	Disposed	372251	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	793937	Indirect
Common Stock	156250	Indirect
Common Stock	27223	Indirect
8.0% Series B Preferred Stock	1500	Direct
7.875% Series C Preferred Stock	1500	Direct
8.25% Series D Preferred Stock	1500	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $3.51 to $3.61, inclusive; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.

F2: This transaction was executed in multiple trades at prices ranging from $3.41 to $3.58, inclusive; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer.

F3: Reflects allocations under the issuer's Employee Stock Ownership Plan.

F4: The full security title is 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock.

F5: The full security title is 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock.

F6: The full security title is 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock.