Emala Jason 4

4 · Bluerock Homes Trust, Inc. · Filed Apr 3, 2026

AI-generated summary of this filing

Updated Apr 3, 2026

Bluerock Homes (BHM) Chief Legal Officer Jason Emala Receives LTIP Award

What Happened

Jason Emala, Chief Legal Officer and Secretary of Bluerock Homes Trust, Inc. (BHM), received a grant of 7,247 long-term incentive plan units ("LTIP Units") on April 1, 2026. The grant is reported as a derivative award (Form 4 transaction code A); no per-share price or immediate cash value is reported.

Key Details

Transaction date: 2026-04-01 (reported on Form 4 filed 2026-04-03).
Award: 7,247 LTIP Units (derivative security); price/value: N/A in the filing.
Vesting: LTIP Units vest ratably annually over a three-year period beginning April 1, 2026. (See footnote F1.)
Conversion/settlement: Once vested and upon meeting capital account equivalency, LTIP Units may convert to OP Units, which can be redeemed for cash or—at the issuer's option after a one-year holding period—settled in Class A common stock on a one-for-one basis. Holders receive distribution equivalents while units are held. (See footnote F2.)
Shares owned after transaction: Not specified in this filing.
Filing timeliness: Report appears timely (no late filing flag).

Context

This is an award/grant of LTIP units rather than an open-market purchase or sale. These derivative units are compensation-related and vest over time; they may eventually convert to limited partnership interests or, under conditions, to the issuer’s Class A shares. Compensation awards like this are routine for executives and do not by themselves indicate a buy/sell signal.

Form 4

Period: 2026-04-01

See Remarks

Transactions

Award
LTIP Units
[F1][F2]
2026-04-01+7,247→ 40,783 total
→ Class A Common Stock (7,247 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 were issued at the direction of Bluerock Homes Manager, LLC (the "Manager"), in satisfaction of the Manager's reimbursement obligation to its affiliate, Bluerock Real Estate Holdings, LLC ("BREH") for the portion of the annual equity incentive award payable by BREH to the Reporting Person for services provided to the Manager in the Reporting Person's capacity as Chief Legal Officer and Secretary thereof. Such LTIP Units will vest ratably on an annual basis over a three-year period from April 01, 2026.
[F2]Once vested, these LTIP Units may convert to limited partnership interests of the Operating Partnership ("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. The Reporting Person will be entitled to receive "distribution equivalents" with respect to such LTIP Units, whether or not vested, at the same time as distributions are paid to the holders of the Issuer's Class A common stock.

Signature

/s/ Christopher J. Vohs, Attorney-In-Fact|2026-04-03

1 file