Michael DiFranco - Apr 12, 2022 Form 4 Insider Report for Bluerock Residential Growth REIT, Inc. (BRG)

Role: Executive VP, Operations
Signature: /s/ Christopher J. Vohs, Attorney-in-fact
Stock symbol: BRG
Transactions as of: Apr 12, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/14/2022, 05:27 PM
Previous filing: Mar 23, 2022
Next filing: Oct 7, 2022

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	Disposed to Issuer		+749	+0.74%		102K	Apr 12, 2022	Class A Common Stock	749		See Footmote	F1

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

Explanation of Responses:

Id	Content
F1	Represents the forfeiture of long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, granted to the reporting person on June 25, 2019, which were eligible to vest subject to achievement of certain performance criteria and established targets over a three-year performance period. Upon grant, the maximum vesting amount was reported in Table II of Form 4. On April 12, 2022, the Issuer determined that, based on the Issuer's performance over the applicable performance period, 15,027 LTIP Units would vest and 749 LTIP Units would be forfeited.

Content

Represents the forfeiture of long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, granted to the reporting person on June 25, 2019, which were eligible to vest subject to achievement of certain performance criteria and established targets over a three-year performance period. Upon grant, the maximum vesting amount was reported in Table II of Form 4. On April 12, 2022, the Issuer determined that, based on the Issuer's performance over the applicable performance period, 15,027 LTIP Units would vest and 749 LTIP Units would be forfeited.