Ramin Kamfar - Feb 21, 2024 Form 4 Insider Report for Bluerock Homes Trust, Inc. (BHM)

Signature
/s/ Christopher J. Vohs, Attorney-in-fact
Stock symbol
BHM
Transactions as of
Feb 21, 2024
Transactions value $
$0
Form type
4
Date filed
2/23/2024, 03:11 PM
Previous filing
Nov 15, 2023
Next filing
May 15, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BHM LTIP Units Award +133K +17.36% 902K Feb 21, 2024 Class A Common Stock 133K See Footnote F1
transaction BHM LTIP Units Award +95.2K +10.55% 997K Feb 21, 2024 Class A Common Stock 95.2K See Footnote F1
transaction BHM LTIP Units Award +13.7K +1.37% 1.01M Feb 21, 2024 Class A Common Stock 13.7K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. The LTIP Units are owned by Bluerock Homes Manager, LLC (the "Manager"), in which R. Ramin Kamfar owns an indirect pecuniary interest. These LTIP Units were fully vested upon issuance, and may convert to Operating Partnership Units ("OP Units") upon reaching capital account equivalency with the OP Units held by the Issuer, and may then be redeemed for cash or, at the option of the Issuer and after a one year holding period (including any period during which the LTIP Units were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis.
F2 Represents LTIP Units issued in partial satisfaction of the Issuer's Base Management Fee obligation to the Manager for the fourth quarter of 2023 and in satisfaction of the Manager's reimbursement obligation to its affiliate, Bluerock Real Estate Holdings, LLC ("BREH"), for a portion of the salary payable by BREH to R. Ramin Kamfar for the quarter ending December 31, 2023 for services provided to the Manager in Mr. Kamfar's capacity as Chief Executive Officer thereof. These LTIP Units were fully vested upon issuance, and may convert to OP Units upon reaching capital account equivalency with the OP Units held by the Issuer, and may then be redeemed for cash or, at the option of the Issuer and after a one year holding period (including any period during which the LTIP Units were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis.