| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AHH | Common Stock | Purchase | $999,999 | +95,238 | +554% | $10.50 | 112,430 | 26 Sep 2024 | Direct | F1 |
| holding | AHH | Common Stock | 47,452 | 26 Sep 2024 | By Spouse | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | AHH | Common Units | 1,142,394 | 26 Sep 2024 | Common Stock | 1,142,394 | Direct | F3, F4 | ||||||
| holding | AHH | Common Units | 39,347 | 26 Sep 2024 | Common Stock | 39,347 | By Spouse | F2, F3, F4 | ||||||
| holding | AHH | Common Units | 91 | 26 Sep 2024 | Common Stock | 91 | By Limited Partnership | F3, F4, F5 | ||||||
| holding | AHH | LTIP Units | 9,626 | 26 Sep 2024 | Common Stock | 9,626 | Direct | F4, F6 |
| Id | Content |
|---|---|
| F1 | The shares were purchased from the underwriters in the underwritten public offering that closed on September 27, 2024. |
| F2 | The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. |
| F3 | Represents Class A common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P. (the "Operating Partnership"), the operating partnership of Armada Hoffler Properties, Inc. (the "Company"), and of which the Company is the general partner. All Common Units reflected in this report were issued more than one year prior to the date hereof and, therefore, may be tendered for redemption by the holder. |
| F4 | 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. |
| F5 | Represents Mr. Kirk's pecuniary interest in Common Units held by a limited partnership. |
| F6 | Represents LTIP Units ("LTIP Units") in the Operating Partnership. Under the limited partnership agreement of the Operating Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, following the date on which the LTIP Units vest, LTIP Units are convertible into Common Units in the Operating Partnership at the holder's option. Under the award agreement pursuant to which the LTIP Units were granted to the reporting person, 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. |