Michael J. Glosserman - Jun 30, 2023 Form 4 Insider Report for JBG SMITH Properties (JBGS)

Role
Director
Signature
/s/ Steven A. Museles, attorney-in-fact
Stock symbol
JBGS
Transactions as of
Jun 30, 2023
Transactions value $
$0
Form type
4
Date filed
6/30/2023, 04:06 PM
Previous filing
May 5, 2023
Next filing
Nov 1, 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 JBGS OP Units Gift -14.1K -100% 0 Jun 30, 2023 Common Shares 14.1K Direct F1, F2, F3
transaction JBGS OP Units Gift +14.1K +3.49% 418K Jun 30, 2023 Common Shares 14.1K Michael J. Glosserman Revocable Trust F1, F2, F3, F4
holding JBGS OP Units 67K Jun 30, 2023 Common Shares 67K GRAT F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Operating Partnership Unit ("OP Unit") in JBG SMITH Properties LP, the operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable by the holder for one common share of the Issuer, par value $0.01 (a "Common Share"), or the cash value of a Common Share, at the Issuer's option.
F2 This transaction involved a gift of OP Units by Mr. Glosserman to the Michael J. Glosserman Revocable Trust.
F3 The reporting person received these 14,118 OP Units on June 30, 2023 as a pro rata distribution from JBG Properties, Inc. of which the reporting person is a stockholder. Prior to the distribution, the reporting person disclaimed beneficial ownership of the OP Units held by JBG Properties, Inc.
F4 Mr. Glosserman is the sole trustee and beneficiary of the Michael J. Glosserman Revocable Trust.