Ramin Kamfar - Aug 9, 2022 Form 4 Insider Report for Bluerock Residential Growth REIT, Inc. (BRG)

Signature
/s/ Christopher J. Vohs, Attorney-in-fact
Stock symbol
BRG
Transactions as of
Aug 9, 2022
Transactions value $
$0
Form type
4
Date filed
8/11/2022, 05:15 PM
Previous filing
May 11, 2022
Next filing
Sep 26, 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 Award +18.2K +6.29% 307K Aug 9, 2022 Class A Common Stock 18.2K See Footnote F1
transaction BRG LTIP Units Award +7.03K +2.29% 314K Aug 9, 2022 Class A Common Stock 7.03K See Footnote F2
* 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 Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. These LTIP Units are owned by Bluerock Real Estate, LLC, in which R. Ramin Kamfar owns a 99% direct interest. These LTIP Units will vest on the first anniversary of issuance, and may convert to units of limited partnership interest in the Operating Partnership ("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 Unit were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis.
F2 Represents long-term incentive plan units ("LTIP Units") in the Operating Partnership issued in payment of salary for the quarter ending September 30, 2022. 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.