Emala Jason 4

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.