Glosserman Michael J 4

4 · JBG SMITH Properties · Filed May 1, 2026

AI-generated summary of this filing

Updated May 1, 2026

JBG SMITH (JBGS) Director Michael Glosserman Receives 17,617 LTIP Units

What Happened

Michael J. Glosserman, a director of JBG SMITH Properties (JBGS), received a grant of 17,617 LTIP Units (limited partnership units in the Issuer's operating partnership) on 2026-04-30. The transaction is reported as an award (code A); no per-share price or immediate cash value is reported.
These LTIP Units are fully vested at grant but are subject to sale restrictions while Mr. Glosserman serves as a trustee. He also received corresponding Class B shares that carry no economic rights.

Key Details

Transaction date: 2026-04-30; Form 4 filed: 2026-05-01 (appears timely).
Security/amount: 17,617 LTIP Units (derivative securities); price: N/A (award).
Post-transaction holding: the reporting person acquired/beneficially owns 17,617 LTIP Units (and corresponding Class B shares).
Notable footnotes:
- LTIP Units are convertible, at the holder’s option and subject to certain tax-allocation conditions, into an equal number of OP Units.
- Converted OP Units are redeemable after the two-year anniversary of issuance for one common share per OP Unit (or cash at the issuer’s option).
- Class B shares accompanying the LTIP Units have no economic rights and are not exchange-listed.
- Mr. Glosserman serves as sole trustee and beneficiary of the Michael J. Glosserman Revocable Trust.
Transaction code: A (award/grant); instrument is a derivative (LTIP Units).

Context

This is a long-term incentive award rather than a market purchase or sale — no immediate cash proceeds or market sentiment implied.
The LTIP Units are vested but resale is restricted while he serves as trustee; conversion to redeemable OP Units (and eventual common shares or cash) is possible after meeting the specified conditions and timing (not immediate).

Form 4

Period: 2026-04-30

Director

Transactions

Award
LTIP Units
[F1][F2][F3][F4]
2026-04-30+17,617→ 71,216 total
→ Common Shares (17,617 underlying)

Holdings

LTIP Units
[F2][F4][F5]
(indirect: By Trust)
→ Common Shares (19,309 underlying)
19,309

Footnotes (5)

[F1]The reporting person received a grant of limited partnership units of JBG SMITH Properties LP, JBG SMITH Properties' (the "Issuer's") operating partnership (the "OP"), designated as LTIP Units ("LTIP Units") pursuant to the JBG SMITH Properties 2017 Omnibus Share Plan, as amended. The LTIP Units will be fully vested on the date of grant but may not be sold while the reporting person serves as a trustee, except in certain circumstances.
[F2]These LTIP Units are a class of units in the OP that are convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into an equal number of Operating Partnership Units ("OP Units") in the OP. The resulting OP Units are redeemable by the holder for one common share of the Issuer, par value $0.01 (a "Common Share") per OP Unit or the cash value of a Common Share, at the Issuer's option, after the two-year anniversary of the LTIP Units issuance.
[F3]Upon this grant of LTIP Units, the reporting person received corresponding Class B shares of the Issuer, which have no economic rights and are not listed on a stock exchange.
[F4]For each of the LTIP Units beneficially owned by the reporting person, the reporting person holds a corresponding Class B share, which has no economic rights and is not listed on a stock exchange.
[F5]Mr. Glosserman is the sole trustee and beneficiary of the Michael J. Glosserman Revocable Trust.

Signature

/s/ Steven A. Museles, attorney-in-fact|2026-05-01

1 file