Form 4 for BHM Bluerock Homes Trust, Inc.

Accepted 2023-11-06 00:00:00 ET · period of report 2023-11-02 · accession 0001104659-23-114861 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
DI	2023-11-06	2023-11-02	BHM	KAMFAR RAMIN	COB, CEO, Dir	D - Sale to Iss	—	-31.3K	726	-98%	—
DMI	2023-11-06	2023-11-02	BHM	KAMFAR RAMIN	COB, CEO, Dir	D - Sale to Iss	—	-451.4K	561.1K	-45%	—
D	2023-11-06	2023-11-03	BHM	KAMFAR RAMIN	COB, CEO, Dir	A - Grant	—	+126.0K	603.1K	+26%	—

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A common stock	2023-11-02	D	D	31,260	—	726	I See Footnote	—	—	(F1) The reported transaction represents the Reporting Person's voluntary forfeiture of previously awarded, unvested restricted shares of the Issuer's Class A common stock, $0.01 par value per share, issued to Bluerock Homes Manager, LLC (the "Manager"), in which the Reporting Person owns an indirect pecuniary interest, on May 25, 2023 in payment of a portion of the annual long-term equity incentive grant for the fiscal year ended December 31, 2022, pursuant to the Issuer's 2022 Equity Incentive Plan for Entities (the "Plan").
2	Derivative	LTIP Units	2023-11-02	D	D	83,995	—	477,074	I See Footnote	— · — to —	83,995 Class A Common Stock	(F3) The reported transaction represents the Reporting Person's voluntary forfeiture of previously awarded, unvested LTIP Units in the Operating Partnership, of which the Issuer is the general partner. The LTIP Units were issued to the Manager, in which the Reporting Person owns an indirect pecuniary interest, pursuant to the Plan on May 25, 2023 in payment of a portion of the annual long-term equity incentive grant for the fiscal year ended December 31, 2022.
3	Derivative	LTIP Units	2023-11-02	D	D	367,357	—	561,069	I See Footnote	— · — to —	367,357 Class A Common Stock	(F2) The reported transaction represents the Reporting Person's voluntary forfeiture of previously awarded, unvested long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. The LTIP Units were issued to the Manager, in which the Reporting Person owns an indirect pecuniary interest, pursuant to the Plan on November 3, 2022, in payment of the initial staking grant.
4	Derivative	LTIP Units	2023-11-03	A	A	126,011	—	603,085	D	— · — to —	126,011 Class A Common Stock	(F4) Represents LTIP Units issued, at the direction of the Manager, in satisfaction of the Manager's reimbursement obligation to its affiliate, Bluerock Real Estate Holdings, LLC ("BREH"), for the portion of the initial staking grant payable by BREH to the Reporting Person for services provided to the Manager in the Reporting Person's capacity as Chief Executive Officer thereof. Such LTIP Units will vest one-fifth on November 3, 2023, and the remainder will vest ratably on an annual basis over a four-year period. (F5) Once vested, these awards of LTIP Units may convert to limited partnership interests of the Operating Partnership ("OP Units") upon reaching capital account equivalency with the OP Units held by the Company, and may then be redeemed for cash or, at the option of the Issuer and after a one year holding period (including any period during which the LTIP Units were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis. The Reporting Person will be entitled to receive "distribution equivalents" with respect to such LTIP Units, whether or not vested, at the same time as distributions are paid to the holders of the Issuer's Class A common stock.