| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | Common Stock | Options Exercise | +1,781 | +46% | 5,636 | 03 Apr 2025 | Direct | F1, F2 | |||
| holding | Common Stock | 51,869 | 24 Mar 2025 | By limited liability company | F2, F3, F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | Profits Interest Units | Conversion of derivative security | $0 | -2,233 | -100% | $0.000000 | 0 | 24 Mar 2025 | Class C OP Units | 2,233 | Direct | F5, F6 | ||
| transaction | Class C OP Units | Conversion of derivative security | $0 | +2,233 | $0.000000 | 2,233 | 24 Mar 2025 | Common Stock | 2,233 | Direct | F6 | |||
| transaction | Restricted Stock Units | Award | $0 | +2,202 | $0.000000 | 2,202 | 03 Apr 2025 | Common Stock | 2,202 | Direct | F1, F7 | |||
| transaction | Restricted Stock Units | Options Exercise | $0 | -1,781 | -100% | $0.000000 | 0 | 03 Apr 2025 | Common Stock | 1,781 | Direct | F1, F8 |
| Id | Content |
|---|---|
| F1 | Each restricted stock unit represents a contingent right to receive one share of common stock of VineBrook Homes Trust, Inc. (the "Issuer"). |
| F2 | Includes shares of common stock acquired under the distribution reinvestment plan of the Issuer. |
| F3 | Includes 26,246.405 shares held by the limited liability company referenced in Footnote 4 which were inadvertently previously reported as directly held. |
| F4 | The reporting person holds these shares indirectly through a limited liability company which the reporting person controls. The reporting person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein. |
| F5 | Represents Profits Interest Units ("Profits Units") in VineBrook Homes Operating Partnership, L.P., the Issuer's operating partnership (the "OP"). Each Profits Unit can be converted into one Class C common unit of the OP (an "OP Unit") in the OP following vesting; provided the book-up target (as defined in the OP limited partnership agreement) for the Profit Units equals zero. The Profits Units were granted on November 21, 2019 and fully vested on November 21, 2020. The Profits Units converted into OP Units on March 24, 2025. |
| F6 | The OP Units are redeemable, beginning one year from issuance, for cash equal to the then-current market value of one share of the Issuer's common stock or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. Following the conversion of the Profits Units on March 24, 2025, the OP Units are fully vested as of the date of issuance. The OP Units have no expiration date. |
| F7 | On April 3, 2025, the reporting person was granted 2,202 restricted stock units, which will vest on April 3, 2026. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash. |
| F8 | On April 3, 2024, the reporting person was granted 1,781 restricted stock units, which vested on April 3, 2025. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash. |
Exhibit List: Exhibit 24 – Power of Attorney