Mall Alisa Michelle 4

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.