4//SEC Filing
KAMFAR RAMIN 4
Accession 0001104659-23-118576
CIK 0001903382other
Filed
Nov 14, 7:00 PM ET
Accepted
Nov 15, 1:25 PM ET
Size
11.5 KB
Accession
0001104659-23-118576
Insider Transaction Report
Form 4
KAMFAR RAMIN
Chairman and CEO
Transactions
- Award
LTIP Units
2023-11-14+124,704→ 727,789 total(indirect: See Footnote)→ Class A Common Stock (124,704 underlying) - Award
LTIP Units
2023-11-14+27,835→ 755,624 total(indirect: See Footnote)→ Class A Common Stock (27,835 underlying) - Award
LTIP Units
2023-11-14+13,160→ 768,784 total→ Class A Common Stock (13,160 underlying)
Footnotes (2)
- [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 third 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 September 30, 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.
Documents
Issuer
Bluerock Homes Trust, Inc.
CIK 0001903382
Entity typeother
Related Parties
1- filerCIK 0001111908
Filing Metadata
- Form type
- 4
- Filed
- Nov 14, 7:00 PM ET
- Accepted
- Nov 15, 1:25 PM ET
- Size
- 11.5 KB