Ruddy Jordan B. 4

What Happened

Ruddy Jordan, President of Bluerock Homes Trust, received an award of 5,450 long-term incentive plan units (LTIP Units) on May 12, 2026. The Form 4 reports this as an award/grant (code A) and lists the instrument as a derivative; no per-share price or immediate cash value is reported. The filing states the LTIP Units were fully vested upon issuance and were granted to satisfy part of the issuer’s base management fee and to reimburse an affiliate for a portion of Jordan’s salary.

Key Details

• Transaction date: 2026-05-12; Form 4 filed 2026-05-14 (timely within the usual two-business-day window).
• Security: 5,450 LTIP Units (derivative award); price/value: N/A (no cash price reported).
• Shares/units owned after transaction: Not specified in the provided filing.
• Footnote summary: LTIP Units may convert to OP Units once they reach capital account equivalency with existing OP Units, and may then be redeemed for cash or—at the issuer’s option and after a one-year holding period—settled in Class A common stock on a one-for-one basis. Units were issued in partial satisfaction of the Manager’s base fee and as reimbursement related to salary paid by an affiliate.
• Filing timeliness: Reported promptly (no late filing indicated).

Context: This was a compensation-related grant (not an open-market buy or sale). As a vested LTIP award, it represents potential future equity exposure subject to conversion/redemption rules rather than an immediate purchase or sale of common stock.