Daniel A. Hoffler - 26 Sep 2024 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role: Director
Signature: /s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for Daniel A. Hoffler
Issuer symbol: AHH
Transactions as of: 26 Sep 2024
Net transactions value: +$999,999
Form type: 4
Filing time: 30 Sep 2024, 16:58:16 UTC
Previous filing: 03 Jul 2024
Next filing: 23 Jun 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AHH	Common Stock	Purchase	$999,999	+95,238	+56%	$10.50	266,647	26 Sep 2024	Direct	F1
holding	AHH	6.75% Series A Preferred Stock						4,000	26 Sep 2024	Direct

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						4,976,439	26 Sep 2024	Common Stock	4,976,439		Direct	F2, F3
holding	AHH	Common Units						279	26 Sep 2024	Common Stock	279		By Limited Partnership	F2, F3, F4
holding	AHH	LTIP Units						16,805	26 Sep 2024	Common Stock	16,805		Direct	F3, F5

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

Explanation of Responses:

Id	Content
F1	The shares were purchased from the underwriters in the underwritten public offering that closed on September 27, 2024.
F2	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.
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 Mr. Hoffler's pecuniary interest in Common Units held by a limited partnership.
F5	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.