Mall Alisa Michelle 4

4 · JBG SMITH Properties · Filed May 1, 2026

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Updated May 1, 2026

JBG SMITH (JBGS) Director Alisa Michelle Mall Receives 17,197-Unit LTIP Award

What Happened

Alisa Michelle Mall, a director of JBG SMITH Properties (JBGS), was granted 17,197 LTIP Units on 2026-04-30 (reported on Form 4 filed 2026-05-01). The grant is reported as an award (transaction code A); no cash price or immediate market value is provided in the filing.
These LTIP Units are a derivative equity award that can be converted into Operating Partnership Units (OP Units) and, after conversion, are redeemable by the holder for one common share of JBG SMITH or the cash value of a share at the issuer’s option, but only after the two‑year anniversary of the LTIP issuance.

Key Details

Transaction date: 2026-04-30; Form 4 filed: 2026-05-01 (timely filing).
Amount granted: 17,197 LTIP Units (derivative interest); price: N/A (no purchase price reported).
Units are fully vested on the grant date but may not be sold while the reporting person serves as a trustee except in limited circumstances (footnotes).
The reporting person also received corresponding Class B shares that have no economic rights and are not exchange‑listed.
The LTIP Units convert to OP Units subject to certain tax allocation conditions; converted OP Units are redeemable for one common share (or cash) after two years.
Shares owned after the transaction were not specified in the provided summary filing.

Context

LTIP Units are a form of long‑term compensation/retention award rather than an open‑market purchase or sale. Because they are convertible and subject to a two‑year redemption timeline and resale restrictions while serving as a trustee, this grant functions as deferred equity compensation and does not directly indicate immediate buying or selling of JBGS stock.

Form 4

Period: 2026-04-30

Director

Transactions

Award
LTIP Units
[F1][F2][F3]
2026-04-30+17,197→ 82,085 total
→ Common Shares (17,197 underlying)

Footnotes (3)

[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. 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. 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]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.
[F3]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.

Signature

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

1 file