Christopher Clemente - Dec 23, 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
Dec 23, 2022
Transactions value $
$0
Form type
4
Date filed
12/28/2022, 04:22 PM
Previous filing
Jun 15, 2022
Next filing
Dec 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHCI Class A Common Stock Other -1.85M -39.66% 2.81M Dec 23, 2022 See footnote F1, F2
transaction CHCI Class A Common Stock Other -2.04M -72.52% 773K Dec 23, 2022 See footnote F1, F2
transaction CHCI Class A Common Stock Gift $0 -27K -11.82% $0.00 201K Dec 23, 2022 Direct F4
holding CHCI Class A Common Stock 924K Dec 23, 2022 See footnote. F3
holding CHCI Class A Common Stock 693K Dec 23, 2022 See footnote F5
holding CHCI Class A Common Stock 45.9K Dec 23, 2022 See footnote F6
holding CHCI Class A Common Stock 42.3K Dec 23, 2022 See footnote F7
holding CHCI Class A Common Stock 124K Dec 23, 2022 See footnote F8
holding CHCI Class B Common Stock 220K Dec 23, 2022 See footnote F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December, 23, 2022, (i) CP Real Estate Services, LC ("CPRES"), an entity wholly-owned by Mr. Clemente, transferred 1,848,253 shares of the Company's Class A Common Stock to 11465 SH I, LLC ("11465"), an entity controlled by Mr. Clemente, who then immediately distributed the shares on a pro rata basis to Clemente Investment Management, L.C. ("CIM"), an entity controlled by Mr. Clemente, and Schar Holdings, Inc. (the "Pro Rata Distribution) and (ii) CPRES transferred 2,039,233 shares of the Company's Class A Common Stock to Schar Holdings, LLC (collectively, the "Transactions"). The Transactions are related to that certain Share Exchange and Purchase Agreement by and between the Company and CPRES for the consideration described in the Form 8-K filed by the Company with the SEC on June 13, 2022.
F2 By CPRES.
F3 By CIM, which shares were acquired pursuant to the Pro Rata Distribution.
F4 On December 23, 2022, Mr. Clemente gifted 3,000 shares of Class A Common Stock to members of his family, 15,000 of which are indirectly beneficially owned by Mr. Clemente.
F5 By FR54, LLC, an entity controlled by Mr. Clemente.
F6 By immediate family members or trusts for the benefit of Mr. Clemente's children, of which Mr. Clemente is currently the custodian.
F7 By Mr. Clemente's spouse.
F8 By Stonehenge Funding, L.C., an entity controlled by Mr. Clemente.
F9 Shares of Class B Common Stock are convertible at any time by the holder into shares of Class A Common Stock on a share-for-share basis.