Christopher Clemente - Jun 13, 2022 Form 4 Insider Report for Comstock Holding Companies, Inc. (CHCI)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Jubal Thompson, by power of attorney
Stock symbol
CHCI
Transactions as of
Jun 13, 2022
Transactions value $
$0
Form type
4
Date filed
6/15/2022, 04:41 PM
Previous filing
Jan 4, 2022
Next filing
Dec 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHCI Class A Common Stock Award +1M +27.32% 4.66M Jun 13, 2022 See footnote F1
holding CHCI Class A Common Stock 693K Jun 13, 2022 See footnote F2
holding CHCI Class A Common Stock 59.3K Jun 13, 2022 See footnote F3
holding CHCI Class A Common Stock 30.9K Jun 13, 2022 See footnote F4
holding CHCI Class A Common Stock 124K Jun 13, 2022 See footnote F5
holding CHCI Class A Common Stock 228K Jun 13, 2022 Direct
holding CHCI Class B Common Stock 220K Jun 13, 2022 See footnote F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 By CP Real Estate Services, LC ("CPRES"), an entity wholly-owned by the reporting person. On June 13, 2022, the Issuer and CPRES entered into a Share Exchange and Purchase Agreement (the "SEPA") pursuant to which the Issuer acquired from CPRES 3,440,689 shares of the Issuer's Series C Non-Convertible Preferred Stock, par value $0.01 per share, ("Series C Preferred Stock") valued at $5.00 per share, for a total value of $17,230,445, in exchange for (i) 1,000,000 shares of the Issuer's Class A Common Stock, valued at the consolidated closing bid price of the shares of Class A Common Stock on Nasdaq on the day immediately preceding the entry into the SEPA, and (ii) $4,000,000 in cash.
F2 By FR54, L.C., an entity controlled by the reporting person
F3 By the reporting person's spouse.
F4 By various trusts for the benefit of the reporting person's children, of which the reporting person is currently the custodian.
F5 By Stonehenge Funding, L.C., an entity controlled by the reporting person.
F6 Shares of Class B Common Stock are convertible at any time by the holder into shares of Class A Common Stock on a one-to-one basis.