Steven A. Museles - 17 Feb 2026 Form 4 Insider Report for JBG SMITH Properties (JBGS)

Reporting relationship: Chief Legal Off. & Corp. Secy
Issuer ticker: JBGS
Reported as of: 17 Feb 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 Feb 2026, 16:05:16 UTC
Prior SEC filing: 06 Jan 2026
Next SEC filing: 09 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Steven A. Museles

Key filing fact

Steven A. Museles filed Form 4 for JBG SMITH Properties (JBGS) on 18 Feb 2026.

Key facts

This page summarizes Steven A. Museles's Form 4 filing for JBG SMITH Properties (JBGS).
4 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 18 Feb 2026, 16:05.

Change

Previous filing in this sequence was filed on 06 Jan 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001256324 Primary reporting owner

MUSELES STEVEN A

Relationship: Chief Legal Off. & Corp. Secy
Address: C/O JBG SMITH PROPERTIES, 4747 BETHESDA AVENUE, SUITE 200, BETHESDA
Signature: /s/ Steven A. Museles
Signature date: 18 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

JBGS transaction

Common Shares

Conversion of derivative security

Transaction value
Shares: +20,010
Change %
Price
Shares after: 20,010
Date: 17 Feb 2026
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

JBGS transaction Derivative

LTIP Units

Conversion of derivative security

Transaction value
Shares: -20,010
Change %: -5.8%
Price
Shares after: 323,146
Date: 17 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 20,010
Exercise price
Footnotes: F1, F3, F4

JBGS transaction Derivative

OP Units

Conversion of derivative security

Transaction value
Shares: +20,010
Change %
Price
Shares after: 20,010
Date: 17 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 20,010
Exercise price
Footnotes: F1, F2, F3, F4

JBGS transaction Derivative

OP Units

Conversion of derivative security

Transaction value
Shares: -20,010
Change %: -100%
Price
Shares after: 0
Date: 17 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 20,010
Exercise price
Footnotes: F1, F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The reported transactions represent solely a conversion of limited partnership units in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), designated as LTIP Units ("LTIP Units") into Operating Partnership Units ("OP Units") in the OP, and an exchange of OP Units into common shares of the Issuer, par value $0.01 ("Common Shares"). No sale or monetization of securities has occurred.

Footnote F2

Each OP Unit is redeemable, once vested, by the holder for one Common Share, or the cash value of a Common Share, at the Issuer's option.

Footnote F3

Limited partnership units in the OP designated as LTIP Units are a class of units in the OP that, if vested, are convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into an equal number of OP Units.

Footnote F4

For each of the LTIPs and OP Units beneficially owned by the reporting person, the reporting person holds a corresponding Class B share, which has no economic rights and is not listed on a stock exchange.

Footnote F5

Upon this conversion of OP Units, a corresponding number of Class B shares was automatically cancelled and redeemed for no consideration.