Edward N. Constantino - Jun 29, 2021 Form 3 Insider Report for VINEBROOK HOMES TRUST, INC. (N/A)

Role
Director
Signature
/s/ Brian Mitts, as attorney-in-fact for Edward Constantino
Stock symbol
N/A
Transactions as of
Jun 29, 2021
Transactions value $
$0
Form type
3
Date filed
6/29/2021, 06:11 AM
Previous filing
May 13, 2021
Next filing
Aug 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding N/A Common Stock 13.5K Jun 29, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding N/A Restricted Stock Units Jun 29, 2021 Common Stock 2.44K Direct F1, F2
holding N/A Profit Interest Units Jun 29, 2021 OP Units 2.23K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 15, 2021, the reporting person was granted 2,442 restricted stock units. The restricted stock units will vest on February 15, 2022. Settlement will generally occur within 10 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F2 Each restricted stock unit represents a contingent right to receive one share of common stock of VineBrook Homes Trust, Inc. (the "Issuer").
F3 Represents Profits Interest Units ("Profits Units") in VineBrook Homes Operating Partnership, L.P., the Issuer's operating partnership (the "OP"). Each Profits Unit can be converted into one common unit of limited partnership interest (collectively, the "OP Units") in the OP following vesting; provided the book-up target (as defined in the OP limited partnership agreement) for the Profits Units equals zero. On November 21, 2019, the reporting person was granted 2,233 Profits Units. The Profits Units vested on November 21, 2020.
F4 The OP Units are redeemable, beginning one year from issuance, for cash equal to the then-current market value of one share of the Issuer's common stock or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. Upon conversion of the Profits Units, the OP Units are vested as of the date of issuance. The OP Units have no expiration date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney