3 unchanged sentences
Purchases of Equity Securities
−Removed: During the six months ended June 30, 2025, repurchases made pursuant to our stock repurchase program were as follows:
+Added: During the nine months ended September 30, 2025, repurchases made pursuant to our stock repurchase program were as follows:
Period Total number of shares purchased (1)
9 unchanged sentences
June 1, 2025 through June 30, 2025 431 $ 10.13 — $ 275
+Added: July 1, 2025 through July 31, 2025 181 $ 10.83 — $ 275
+Added: August 1, 2025 through August 31, 2025 402 $ 10.33 — $ 275
+Added: September 1, 2025 through September 30, 2025 169 $ 12.00 — $ 275
Total 3,695,653 3,515,275
6 unchanged sentences
Defaults Upon Senior Securities.
−Removed: In June 2023, we ceased making debt service payments toward the SF Mortgage Loan, and we have received a notice of default from the servicer.
−Removed: As of August 1, 2025, the total arrearage related to the SF Mortgage Loan, including interest and fees was $132 million, of which $64 million is default interest.
+Added: In June 2023, we ceased making debt service payments toward the SF Mortgage Loan, and we received a notice of default from the servicer.
In October 2023, the trustee for the SF Mortgage Loan filed a lawsuit against the borrowers under the SF Mortgage Loan.
−Removed: In connection with the lawsuit, the court has appointed a receiver to take control of the Hilton San Francisco Hotels, which serve as security for the SF Mortgage Loan, and their operations, and thus, we have no further economic interest in the operations of the hotels.
−Removed: The receiver operates and has authority over the hotels.
−Removed: The receiver also had the ability to sell the hotels until March 31, 2025;
−Removed: however, the deadline was extended and in July 2025, a purchase and sale agreement to consummate the sale of the hotels has been executed with a closing expected by October 29, 2025.
−Removed: If the hotels are not sold to the buyer by October 29, 2025, the receivership will end with a non-judicial foreclosure as soon as permissible under California law.
+Added: In connection with the lawsuit, the court appointed a receiver to take control of the Hilton San Francisco Hotels, which serve as security for the SF Mortgage Loan, and their operations, and thus, we have no further economic interest in the operations of the hotels.
+Added: The receiver operates and has authority over the Hilton San Francisco Hotels, and also has the ability to sell the hotels.
+Added: The receiver has executed an agreement to sell the hotels, and the court has approved the transaction with a closing expected by November 21, 2025.
+Added: If the hotels are not sold to the buyer by November 21, 2025, the receivership will end with a non-judicial foreclosure as soon as permissible under California law.
+Added: As of November 3, 2025, the total arrearage related to the SF Mortgage Loan, including interest and fees was $149 million, of which $73 million was default interest.
Mine Safety Disclosures.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.