Kevin Reynolds - 15 May 2024 Form 4/A Insider Report for JBG SMITH Properties (JBGS)

Role
Chief Development Officer
Signature
/s/ Steven A. Museles, attorney-in-fact
Issuer symbol
JBGS
Transactions as of
15 May 2024
Net transactions value
$0
Form type
4/A
Filing time
17 May 2024, 20:33:09 UTC
Date Of Original Report
17 May 2024
Previous filing
04 Jan 2024
Next filing
29 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JBGS Common Shares Conversion of derivative security +20,000 +222222% 20,009 15 May 2024 Kevin Reynolds 2021 Inter Vivos Irrevocable Trust F1, F2

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 Unit Conversion of derivative security -20,000 -5.6% 340,253 15 May 2024 Common Shares 20,000 Kevin Reynolds 2021 Inter Vivos Irrevocable Trust F1, F2
* 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, once vested, 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. This transaction represents solely a redemption of OP Units for Common Shares. No sale or monetization of securities has occurred.
F2 Mr. Reynold's spouse is the primary beneficiary of the Kevin Reynolds 2021 Inter Vivos Irrevocable Trust. The trustee of the Kevin Reynolds 2021 Inter Vivos Irrevocable Trust is a third party.

Remarks:

This form is being amended to reflect that the OP Units in Row 1 of Table II were disposed of in the reported conversion to Common Shares, not acquired as was reported in the original filing.