Cypress Family Trust dated June 10, 2022 - Apr 1, 2023 Form 3 Insider Report for Bluerock Homes Trust, Inc. (BHM)

Role
10%+ Owner
Signature
/s/ Christopher J. Vohs, Attorney-in-fact
Stock symbol
BHM
Transactions as of
Apr 1, 2023
Transactions value $
$0
Form type
3
Date filed
11/13/2023, 04:02 PM
Next filing
Nov 13, 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
holding BHM OP Units Apr 1, 2023 Class A Common Stock 633K See Footnote F1
holding BHM OP Units Apr 1, 2023 Class A Common Stock 1.4M See Footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents units of limited partnership interest ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner, transferred to the Reporting Person by its settlor, who is neither a trustee nor a beneficiary of the Reporting Person, for no consideration, and subsequently transferred by the Reporting Person to a limited liability company in which the Reporting Person owns a direct majority interest. After a one year holding period (including any period during which the underlying long-term incentive plan units ("LTIP Units") in the Operating Partnership were held), the OP Units may be redeemed for cash or, at the option of the Issuer, settled in shares of the Issuer's Class A common stock on a one-for-one basis, subject to certain adjustments and the terms and conditions of the Second Amended and Restated Agreement of Limited Partnership of the Operating Partnership, as amended (the "Partnership Agreement").
F2 Represents OP Units transferred to a limited liability company in which the Reporting Person owns a direct majority interest by a separate irrevocable trust of which beneficiaries of the Reporting Person, or their immediate family members, are also the beneficiaries and of which the Reporting Person is neither a trustee nor a beneficiary.

Remarks:

The Reporting Person is an irrevocable trust formed in 2022 for estate planning purposes by its settlor, who is neither a trustee nor a beneficiary of the Reporting Person, in accordance with the laws of the State of Delaware. This Form 3 reports securities indirectly held by the Reporting Person through its ownership of membership interests in a limited liability company in which the Reporting Person owns a direct majority interest. Exhibit 24 - Power of Attorney