Demchak Robert P 4

What Happened

• Robert P. Demchak, General Counsel & Corporate Secretary of Comstock Holding Companies, had 1,969 time‑based restricted stock units (RSUs) convert into common stock on July 9, 2026. Of those vested shares, 794 were withheld/sold to cover tax liabilities at $15.72 per share, totaling $12,482. The net effect was an increase of 1,175 shares to his holdings (1,969 vested minus 794 withheld).

Key Details

• Transaction date: July 9, 2026; Form 4 filed July 10, 2026 (timely).
• Conversion: 1,969 RSUs converted into 1,969 shares (derivative conversion, code M).
• Tax withholding: 794 shares disposed to satisfy tax withholding at $15.72 per share = $12,482 (code F).
• Net shares received: +1,175 shares retained after withholding.
• Footnotes: F1 indicates each RSU equals one share; F2 notes these are time‑based RSUs that vest evenly over four years (annual installments).
• The filing shows a routine vesting and sell‑to‑cover for taxes, not an open‑market purchase or sale for investment reasons.

Context

• This was a standard RSU vesting event with a sell‑to‑cover for tax withholding (common for employee equity compensation). The conversion and withholding are administrative/compensation actions and do not necessarily signal a change in insider sentiment.