Jordan B. Ruddy - May 11, 2021 Form 4 Insider Report for Bluerock Residential Growth REIT, Inc. (BRG)

Role
Chief Operating Officer and President
Signature
/s/ Christopher J. Vohs, Attorney-in-fact
Stock symbol
BRG
Transactions as of
May 11, 2021
Transactions value $
$0
Form type
4
Date filed
5/12/2021, 05:15 PM
Next filing
Jul 12, 2021

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
transaction BRG LTIP Units Award +7.67K +1.35% 578K May 11, 2021 Class A Common Stock 7.67K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents long-term incentive plan units ("LTIP Units") in the Operating Partnership issued in payment of salary for the quarter ending June 30, 2021. These LTIP Units will vest on the first anniversary of issuance and may convert to OP Units upon reaching capital account equivalency with the OP Units held by the Issuer, 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.

Remarks:

Chief Operating Officer and President