Company: BHM
Filing Date: 2025-07-08
Form Type: DRS
Source: 0001104659-25-066400
Chunk: 404

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-07-08
Form: DRS
Chunk 404
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 the BHM Individuals Plan, as equity compensation for services provided to the Manager in such capacities for the fiscal year ended
December 31, 2023. These issuances were made in satisfaction of the Manager’s obligation to its affiliate, BREH, for compensation-related
expenses incurred by BREH in connection with its employment of the BREH Personnel, and were evidenced by Restricted Stock Vesting Agreements.
Such shares of Class A common stock will vest ratably on an annual basis over a three-year period from April 1, 2024. The issuances
of such shares of Class A common stock were made in reliance upon exemptions from registration provided by Section 4(a)(2) of
the Securities Act of 1933 and Regulation D thereunder for transactions not involving any public offering. No general solicitation or
advertising occurred in connection with the issuance and sale of these securities. From the date of grant, the recipients will be
entitled to receive distributions with respect to such shares of Class A common stock, whether or not vested, at the time distributions
are paid to the holders of the company’s Class A common stock.

Effective April 1, 2024,
for tax efficiency purposes, the Manager forfeited the remaining 57,670 unvested LTIP Units granted to the Manager in connection with
the Manager Grant made on May 25, 2023. On April 30, 2024, the company issued an aggregate of 101,789 LTIP Units (including,
by mutual agreement of the Manager and the Company, and at the direction of the Manager, the remaining 57,670 unvested LTIP Units forfeited
by the Manager effective April 1, 2024), to and among certain members of the executive management team of the Manager, pursuant to
the BHM Individuals Plan, as equity compensation for services provided to the Manager in such capacities for the fiscal year ended December 31,
2023. These issuances were made in satisfaction of the Manager’s obligation to its affiliate, BREH, for compensation-related expenses
incurred by BREH in connection with its employment of the BREH Personnel, and were evidenced by LTIP Unit Vesting Agreements. Such LTIP
Units will vest ratably on an annual basis over a three-year period from April 30, 2024. Once vested, the LTIP Units may convert
to OP Units upon reaching capital account equivalency with the OP Units held by the company, and may