Ruddy Jordan B. 4
4 · Bluerock Homes Trust, Inc. · Filed Feb 23, 2024
Insider Transaction Report
Form 4
Ruddy Jordan B.
President
Transactions
- Award
LTIP Units
2024-02-21+4,443→ 93,438 total→ Class A Common Stock (4,443 underlying)
Footnotes (1)
- [F1]Represents LTIP Units issued in partial satisfaction of the Issuer's Base Management Fee obligation to Bluerock Homes Manager, LLC (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 the Reporting Person for the quarter ending December 31, 2023 for services provided to the Manager in the Reporting Person's capacity as President 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.