Flat Footed LLC Discloses New 9.4% Passive Stake in Service Properties Trust (SVC)

On April 8, 2026, Flat Footed LLC, along with FF Hybrid, LP and Marc Andersen, filed a Schedule 13G disclosing a significant new ownership stake in Service Properties Trust (SVC). The reporting group acquired a total of 55,019,156 common shares, representing a 9.4% ownership interest in the company based on 584,721,237 shares outstanding as of April 2, 2026. This filing marks a substantial increase from a previous 0.0% position, establishing Flat Footed LLC as a major institutional shareholder. Flat Footed LLC acts as the investment manager for FF Hybrid, LP and other private funds, with Marc Andersen serving as the Managing Member with shared voting and dispositive power over the reported shares. The filing was made under Rule 13d-1(c), indicating a passive investment intent, as the reporting persons certified that the shares were not acquired to influence or change the control of the issuer. The total value of the position is estimated at approximately $69.87 million based on the filing data.