Arthur B. Laffer - 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 Arthur Laffer
Stock symbol: N/A
Transactions as of: Jun 29, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/29/2021, 06:13 AM
Previous filing: May 11, 2021
Next filing: Sep 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	N/A	Common Stock						16K	Jun 29, 2021	Direct
holding	N/A	Common Stock						15.6K	Jun 29, 2021	By limited liability company	F1

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	F2, F3
holding	N/A	Profit Interest Units							Jun 29, 2021	OP Units	2.23K		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person holds these shares indirectly through a limited liability company in which the reporting person controls. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
F2	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.
F3	Each restricted stock unit represents a contingent right to receive one share of common stock of VineBrook Homes Trust, Inc. (the "Issuer").
F4	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 Profit Units equals zero. On November 21, 2019, the reporting person was granted 2,233 Profits Units. The Profits Units vested on November 21, 2020.
F5	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