KAMFAR RAMIN 4

What Happened Ramin Kamfar, Chairman, CEO and a director of Bluerock Homes Trust, Inc. (BHM), was granted 15,894 long-term incentive plan units ("LTIP Units") on February 18, 2026. This was an award/compensation transaction (code A); no cash purchase or sale occurred and no per-share price is reported (N/A). The LTIP Units were fully vested upon issuance.

Key Details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (timely filing).
• Security/amount: 15,894 LTIP Units (derivative units); price reported as N/A.
• Purpose: Issued in partial satisfaction of the issuer's Base Management Fee for Q4 2025 and to satisfy the Manager’s reimbursement obligation to its affiliate for part of Kamfar’s salary for the quarter ending 12/31/2025.
• Vesting/convertibility: LTIP Units were fully vested at issuance. They may convert to OP Units upon reaching capital-account equivalency with existing OP Units, and thereafter may be redeemed for cash or, at the issuer’s option (and after a one-year holding period), settled in shares of the issuer’s Class A common stock on a one-for-one basis.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Filing appears timely (period of report 2/18/2026; filed 2/20/2026).

Context This was a compensation award (not a market purchase or sale). LTIP Units are derivative compensation that can potentially convert into equity or be redeemed for cash once conditions (capital-account equivalency and any holding period) are met. Such grants reflect company compensation practices rather than immediate insider buying or selling.