Glosserman Michael J 4

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).