Company: BHM
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001104659-25-035097
Chunk: 72

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 72
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 recapitalizations and certain other events, our board of directors will make equitable adjustments that it deems appropriate in the aggregate number of shares of our Class A Common Stock that may be issued under the Amended 2022 Incentive Plans, the individual grant limit for nonemployee directors described above, and the terms of outstanding awards.

If any options or stock appreciation rights terminate, expire or are canceled, forfeited, exchanged or surrendered without having been exercised or are paid in cash without delivery of common stock or if any stock awards, performance units or other equity-based awards are forfeited (including any such awards granted under the 2022 Incentive Plans that are forfeited, exchanged, etc. after approval of the Amended 2022 Incentive Plans), the shares of our Class A Common Stock subject to such awards will again be available for purposes of the Amended 2022 Incentive Plans. Shares of our Class A Common Stock, Options, SARs, Stock Awards, Other Equity-Based Awards, Incentive Awards or Performance Units (or portion thereof) tendered or withheld to satisfy the exercise price of an award or for tax withholding are not available for future grants under the Amended 2022 Incentive Plans. If shares of Class A Common Stock are issued upon the exercise of a stock appreciation right, the number of shares available for future awards under the Amended 2022 Incentive Plans shall be reduced by the number of shares for which the stock appreciation right was exercised rather than the number of shares issued to the participant.

#### Awards Under the Amended 2022 Incentive Plans

#### Options
The Amended 2022 Individuals Plan authorizes the grant of incentive stock options (under Section 422 of the Code) and both the Amended 2022 Individuals Plan and the Amended 2022 Entities Plan authorize the grant of options that do not qualify as incentive stock options. The exercise price of each option will be determined by the administrator, provided that the price cannot be less than 100% of the fair market value of the shares of our Class A Common Stock on the date on which the option is granted (or 110% of the shares’ fair market value on the grant date in the case of an incentive stock option granted to an individual

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who is a “ten percent stockholder” under Sections 422 and 424 of the Code). Except for adjustments to equitably reflect stock splits, stock dividends or similar events,