4//SEC Filing
Sprong Dana 4
Accession 0001437749-23-022712
CIK 0001755755other
Filed
Aug 8, 8:00 PM ET
Accepted
Aug 9, 2:00 PM ET
Size
19.1 KB
Accession
0001437749-23-022712
Insider Transaction Report
Form 4
Sprong Dana
DirectorSee Remarks
Transactions
- Other
Class C OP Units
2023-08-03−385,239.169→ 0 total→ Class A Common Stock (385,239.169 underlying) - Award
Profit Interest Units
2023-08-03+237,944.16→ 484,563.16 total→ Class C OP Units (237,944.16 underlying) - Award
Profits LTIP Units
2023-08-03+484,563.16→ 484,563.16 total→ Profit Interest Units (484,563.16 underlying) - Award
Class C OP Units
2023-08-03$59.85/sh+73,424.09$4,394,432→ 385,239.169 total→ Class A Common Stock (73,424.09 underlying) - Award
Class C Common Units
2023-08-03+385,239.169→ 385,239.169 total→ Class C OP Units (385,239.169 underlying) - Other
Profit Interest Units
2023-08-03−484,563.16→ 0 total→ Class C OP Units (484,563.16 underlying)
Footnotes (8)
- [F1]Represents Class C common units of limited partnership interest ("OP Units") in VineBrook Homes Operating Partnership, L.P., the operating partnership (the "OP") of the Issuer.
- [F2]The OP Units are redeemable, beginning one year from issuance, for cash or, at the election of the Issuer, for shares of the Issuer's Class A common stock on a one-for-one basis. The OP Units are vested as of the date of issuance. The OP Units have no expiration date.
- [F3]Represents OP Units received as consideration pursuant to a Contribution Agreement (the "Contribution Agreement"), by and between VineBrook Management, LLC, VineBrook Development Corporation, VineBrook Homes Realty Company, Inc., VineBrook Homes Services Company, Inc., the Reporting Person and other individuals party thereto (each a "Contributor" and collectively, the "Contributors"), VineBrook Homes, LLC (the "Manager") and the OP, dated August 3, 2023, the Contributors contributed their equity in the Manager to the OP in exchange for a number of OP Units calculated pursuant to the Contribution Agreement (the "Contribution").
- [F4]Includes OP Units acquired under the OP's distribution reinvestment plan.
- [F5]Includes 100,681.55 OP Units received by the Reporting Person as a liquidating distribution from VineBrook Special Interest Holder LLC prior to the Contribution and 19,107.50 OP Units received by the Reporting Person as a liquidating distribution from VineBrook Annex B GP, LLC, which were exempt from reporting pursuant to Rule 16a-13 promulgated under the Securities Exchange Act of 1934. In prior reports, the Reporting Person reported beneficial ownership of all shares held by VineBrook Special Interest Holder LLC and VineBrook Annex B GP, LLC. Prior to the liquidating distribution, VineBrook Special Interest Holder LLC held 326,687.99 OP Units and VineBrook Annex B GP, LLC held 32,479.18, which are no longer reported herein.
- [F6]Immediately following the Contribution, the Reporting Person contributed (i) all directly held OP Units to VineBrook Management Holdings, LLC ("Holdco") in exchange for Class C common units of membership interest in Holdco ("HoldCo Class C Units") on a one-for-one basis and (ii) all directly held Profits Units (defined below) to Holdco in exchange for profits LTIP units of membership interest in Holdco ("Holdco Profits Units") on a one-for-one basis. The HoldCo Class C Units and Holdco Profits Units have substantially similar transfer, conversion and economic rights as if the Reporting Person held the OP Units or Profits Units, respectively, directly. The HoldCo Class C Units are vested as of the date of issuance and have no expiration date. The Holdco Profits Units vest on the terms of the Profits Units underlying them.
- [F7]Represents Profits Interest Units ("Profits Units") in the OP. Each Profits Unit can be converted into one OP Unit in the OP following vesting; provided the book-up target (as defined in the OP limited partnership agreement) for the Profit Units equals zero.
- [F8]On August 3, 2023, the Reporting Person was granted 237,944.16 Profits Units. The Profits Units will vest on February 28, 2026.
Documents
Issuer
VINEBROOK HOMES TRUST, INC.
CIK 0001755755
Entity typeother
Related Parties
1- filerCIK 0001869486
Filing Metadata
- Form type
- 4
- Filed
- Aug 8, 8:00 PM ET
- Accepted
- Aug 9, 2:00 PM ET
- Size
- 19.1 KB