Ramin Kamfar - Feb 22, 2023 Form 4 Insider Report for Bluerock Homes Trust, Inc. (BHM)

Signature
/s/ Christopher J. Vohs, Attorney-In-Fact
Stock symbol
BHM
Transactions as of
Feb 22, 2023
Transactions value $
$0
Form type
4
Date filed
2/23/2023, 11:25 AM
Previous filing
Jan 4, 2023
Next filing
May 19, 2023

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 BHM LTIP Units Award +85.8K +21.13% 492K Feb 22, 2023 Class A Common Stock 85.8K See Footnote F1
transaction BHM LTIP Units Award +17.5K +3.55% 509K Feb 22, 2023 Class A Common Stock 17.5K See Footnote 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 Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. The LTIP Units are owned by Bluerock Homes Manager, LLC (the "Manager"), in which R. Ramin Kamfar owns an indirect pecuniary interest. These LTIP Units were fully vested upon issuance, and may convert to Operating Partnership Units ("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.