Company: HPP
Filing Date: 2025-06-13
Form Type: 424B5
Source: 0001193125-25-140284
Chunk: 32

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-06-13
Form: 424B5
Chunk 32
---
 they may receive in this offering or upon the exercise of Pre-Funded Warrants. The registration
rights agreement will provide that we will file a resale registration statement with the SEC no later than 20 business days after the closing of this offering. The registration rights agreements will also provide that we will pay certain expenses
relating to such registrations and indemnify the registration rights holders against certain liabilities which may arise under the Securities Act.

S-22

Amendment to Operating Partnership Agreement

In connection with the issuance of the Pre-Funded Warrants, we will amend the partnership agreement of
our operating partnership to designate a series of warrants to purchase common units of partnership interest in our operating partnership, or the unit warrants, which will entitle holders of unit warrants to purchase common units of partnership
interest in our operating partnership on the same terms as the Pre-Funded Warrants entitle the holders thereof to purchase shares of our common stock. Holders of unit warrants will have rights as to
distributions and allocations of income and loss substantially similar to those of holders of common units, but will not have any other rights as partners of our operating partnership.

S-23

SUPPLEMENTAL FEDERAL INCOME TAX CONSIDERATIONS

The following is a general summary of certain U.S. federal income tax considerations regarding the purchase, ownership or disposition of our Pre-Funded Warrants. This discussion is an amendment and supplement to, and is intended to be read together with, the discussion appearing under the caption “Federal Income Tax Considerations” in the
accompanying prospectus. Prospective investors should carefully review this discussion and the discussion under the caption “Federal Income Tax Considerations” in the accompanying prospectus before acquiring any Pre-Funded Warrants pursuant to this prospectus supplement and the accompanying prospectus.

Each
capitalized term used but not defined in this “Supplemental Federal Income Tax Considerations” section has the meaning ascribed thereto in the accompanying prospectus.

Solely insofar as it relates to the Pre-Funded Warrants offered hereby, in the accompanying prospectus
under the heading “Federal Income Tax Considerations—Material U.S. Federal Income Tax Consequences to Holders of Our Capital Stock and Our Operating Partnership’s Debt Securities,” all references to “capital stock” are
hereby replaced with “capital stock or Pre-Funded Warrants”. Additionally, the reference to “common stock” in the final sentence in the first paragraph under the heading “Federal
Income Tax Considerations—Material U.S