Kaplan Jordan L 4/A

What Happened

• Jordan L. Kaplan, Chairman and CEO (also a director) of Douglas Emmett, was granted 1,000,000 long-term incentive plan units (LTIP Units) on December 15, 2025. The award was reported as a compensatory derivative grant at $0.00 per unit (no cash paid).
• After this grant, the filing reports Kaplan’s derivative holdings as 2,261,301 LTIP Units in total (1,000,000 new + 1,261,301 previously granted) and 10,092,357 operating partnership (OP) units.

Key Details

• Transaction date: 2025-12-15; Form 4/A (amendment) filed 2026-04-10 to correct the number of LTIP Units (original Form 4 filed 12/17/2025).
• Price: $0.00 (award/grant — no purchase price).
• Holdings after transaction: 2,261,301 LTIP Units and 10,092,357 OP Units (derivative securities).
• Vesting: 70% vests on 12/31/2025; remaining 30% vests in equal installments on 12/31/2026, 12/31/2027, and 12/31/2028 (per filing).
• Footnotes: LTIP Units convert one-for-one into OP Units upon vesting and satisfaction of Gross Asset Value criteria; OP Units are redeemable for Issuer common shares or cash at the issuer’s election. The filing amends the prior Form 4 to correct the reported LTIP Unit amount.

Context

• This is a compensatory equity award (A = Award/Grant), not a market purchase or sale, and does not by itself indicate insider buying or selling intent. The units are subject to vesting and performance/convertibility conditions; conversion to OP Units and ultimate redemption into common shares (or cash) is governed by plan terms.