| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BHM | LTIP Units | Disposed to Issuer | -57.7K | -5.14% | 1.07M | Apr 1, 2024 | Class A Common Stock | 57.7K | See Footnote | F1 | |||
| transaction | BHM | LTIP Units | Award | +66.4K | +6.23% | 1.13M | Nov 12, 2024 | Class A Common Stock | 66.4K | See Footnote | F2 | |||
| transaction | BHM | LTIP Units | Award | +13K | +1.15% | 1.14M | Nov 12, 2024 | Class A Common Stock | 13K | Direct | F3 |
| Id | Content |
|---|---|
| F1 | The reported transaction represents R Ramin Kamfar's voluntary forfeiture of previously awarded, unvested 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 were issued to Bluerock Homes Manager, LLC (the "Manager"), in which R Ramin Kamfar owns an indirect pecuniary interest, pursuant to the Issuer's 2022 Equity Incentive Plan for Entities (the "Plan") on May 25, 2023 in payment of a portion of the annual long-term equity incentive grant for the fiscal year ended December 31, 2022. |
| F2 | Represents LTIP Units in the Operating Partnership, of which the Issuer is the general partner. The LTIP Units are owned by 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. |
| F3 | Represents LTIP Units issued in partial satisfaction of the Issuer's Base Management Fee obligation to the Manager for the third quarter of 2024 and in satisfaction of the Manager's reimbursement obligation to its affiliate, Bluerock Real Estate Holdings, LLC ("BREH"), for a portion of the salary payable by BREH to R. Ramin Kamfar for the quarter ending September 30, 2024 for services provided to the Manager in R. Ramin Kamfar's capacity as Chief Executive Officer thereof. These LTIP Units were fully vested upon 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. |