Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities
The following table sets forth the purchases and redemptions of Choice Hotels International, Inc. common stock made by the Company during the nine months ended September 30, 2025. Refer to the Liquidity and Capital Resources section of "Management's Discussion and Analysis of Financial Condition and Results of Operations" for more information.
Period Total Number of
Shares Purchased
or Redeemed Average Price
Paid per Share Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs (1)
Maximum Number of
Shares that May Yet be
Purchased Under the Plans
or Programs
January 1, 2025 through January 31, 2025 129,106 $ 143.45 129,106 3,648,021
February 1, 2025 through February 28, 2025 96,825 149.77 96,825 3,551,196
March 1, 2025 through March 31, 2025 230,211 137.68 162,828 3,388,368
April 1, 2025 through April 30, 2025 191,086 125.18 190,693 3,197,675
May 1, 2025 through May 31, 2025 163,110 129.86 162,851 3,034,824
June 1, 2025 through June 30, 2025 1,080 110.90 304 3,034,520
July 1, 2025 through July 31, 2025 — — — 3,034,520
August 1, 2025 through August 31, 2025 1,619 124.50 — 3,034,520
September 1, 2025 through September 30, 2025 — — — 3,034,520
Total 813,037 $ 135.47 742,607 3,034,520
(1) During the nine months ended September 30, 2025, the Company redeemed 70,430 shares of common stock from employees to satisfy the option price and the minimum tax-withholding requirements related to the exercising of options and the vesting of performance vested restricted stock units and restricted stock grants. These redemptions were not part of the share repurchase program.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
None.
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