Ruddy Jordan B. 4

What Happened

• Jordan B. Ruddy, President of Bluerock Homes Trust, Inc. (BHM), was granted 6,358 long-term incentive plan units (LTIP Units) on February 18, 2026. The grant was reported on a Form 4 filed Feb 20, 2026. No cash was paid; this is an award/compensation grant (transaction code A). No per-share price or total dollar value is provided in the filing.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (filed within the usual two-business-day window).
• Shares/units received: 6,358 LTIP Units (derivative interest); price: N/A.
• Shares owned after transaction: not disclosed in this Form 4.
• Footnote (F1): LTIP Units were issued partly to satisfy the issuer’s Q4 2025 base management fee to the Manager and partly to reimburse the Manager’s affiliate (BREH) for a portion of salary payable to the reporting person for services as President. The LTIP Units were fully vested upon issuance.
• Conversion/redemption terms: LTIP Units may convert to OP Units once they reach capital-account equivalency with existing OP Units; they may then be redeemed for cash or, at the issuer’s option and after a one-year holding period (including any time the LTIP Units were held), settled in the issuer’s Class A common stock on a one-for-one basis.

Context

• This was a compensation award (not a market purchase or sale). As derivative units, LTIP Units represent an indirect economic interest and have specific conversion and holding-period conditions before potential settlement in cash or common stock. The filing appears timely under Form 4 reporting rules.