Mabry Adam G 4

4 · Janus Living, Inc. · Filed Mar 24, 2026

AI-generated summary of this filing

Updated Mar 24, 2026

Janus Living (JAN) CIO Adam G. Mabry Receives 15,000 LTIP Units

What Happened

Adam G. Mabry, Chief Investment Officer of Janus Living, was granted 15,000 LTIP Units (a derivative award) on 2026-03-23. The reported acquisition price is $0.00 per unit (transaction code A — award/grant).
This award is described as LTIP Units (profits interests) that are derivative in nature and do not expire; per the filing these units were granted in connection with the company’s IPO and are fully vested.

Key Details

Transaction date: 2026-03-23; Form 4 filed: 2026-03-24 (filed timely).
Transaction type/code: A — Grant, award or other acquisition (derivative).
Shares/units granted: 15,000 LTIP Units at $0.00 per unit; total cash paid reported: $0.
Shares/units owned after transaction: not specified in the information provided in this summary (not disclosed in the supplied filing excerpt).
Notable footnotes:
- F1: LTIP Units are intended to qualify as profits interests, have no expiration, and are convertible (at holder election once vesting/capital-account conditions met) into OP Units. OP Units can be redeemed for cash equal to the fair market value of one share of the Issuer’s Class A‑1 Common Stock or converted one-for-one into Class A‑1 shares (Janus OP may elect conversion).
- F2: These LTIP Units are described as fully vested and were granted in connection with the Issuer’s initial public offering.
No 10b5-1 plan, tax‑withholding sale, or late-filing indicator noted in the provided details.

Context

This is a grant of derivative units (profits-interest style compensation) rather than an outright cash purchase or sale of tradable stock. Such awards are common for aligning management with long‑term company value; because these are fully vested LTIP Units tied to the operating subsidiary structure, they convert to economic exposure in Janus OP and ultimately to the company’s Class A‑1 shares or cash based on fair market value.
As a grant (not a purchase), this transaction does not directly signal buying or selling in the open market; it documents compensation awarded to an insider.

Form 4

Period: 2026-03-23

CHIEF INVESTMENT OFFICER

Transactions

Award
LTIP Units
[F1][F2]
2026-03-23+15,000→ 15,000 total
→ Class A-1 Common Stock (15,000 underlying)

Footnotes (2)

[F1]Represents a class of common units of membership interest in Janus Living OP, LLC, ("Janus OP"), the operating subsidiary of the Issuer, designated as LTIP Units ("LTIP Units") intended to qualify as profits interests for U.S. federal income tax purposes. LTIP Units do not have an expiration date. Upon achieving equivalent capital account balance per unit and any applicable vesting conditions, the LTIP Units are convertible at the election of the holder into common units of membership interest in Janus OP (the "OP Units"). The OP Units are redeemable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Class A-1 Common Stock or, at the option of Janus OP, convertible to shares of the Issuer's Class A-1 Common Stock on a one-for-one basis, and have no expiration date.
[F2]Represents fully vested LTIP Units granted in connection with the Issuer's initial public offering of Class A-1 Common Stock.

Signature

/s/ Carol B. Samaan, as Attorney-in-Fact, for Adam G. Mabry|2026-03-24

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