Eric E. Apperson - Mar 4, 2024 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role: President of Construction
Signature: /s/ Matthew T. Barnes-Smith, Attorney-in-Fact for Eric E. Apperson
Stock symbol: AHH
Transactions as of: Mar 4, 2024
Transactions value $: -$39,343
Form type: 4
Date filed: 3/25/2024, 05:31 PM
Previous filing: Mar 13, 2024
Next filing: May 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AHH	Common Stock	Tax liability	-$39.3K	-3.78K	-3.87%	$10.40	93.9K	Mar 4, 2024	Direct	F1

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	AHH	Common Units						255K	Mar 4, 2024	Common Stock	255K		Direct	F2, F3
holding	AHH	LTIP Units						30.9K	Mar 4, 2024	Common Stock	30.9K		Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects shares of common stock surrendered to Armada Hoffler Properties, Inc. (the "Company") to satisfy tax withholding obligations in connection with the vesting of restricted shares of common stock.
F2	Represents Class A common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P. (the "Partnership"), the operating partnership of the Company. All Common Units in this report were issued more than one year prior to the date hereof and, therefore, may be tendered for redemption by the holder.
F3	Each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. Common Units have no expiration date.
F4	Represents LTIP Units ("LTIP Units") in the Partnership. Under the limited partnership agreement of the Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, upon vesting of LTIP Units, LTIP Units are convertible into Common Units at the holder's option. Under the LTIP Unit award agreement, except in connection with a Change of Control (as defined in the OP Agreement), the LTIP Units may not be converted to Common Units until two years following the date of grant. LTIP Units have no expiration date.
F5	The number of LTIP Units beneficially owned by the Reporting Person has been adjusted down by one LTIP Unit to correct for a rounding error in the previously reported total.