Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 208

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 208
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 A participant cannot sell or dispose of more than fifty percent of
the shares acquired under an option before the earlier of the first anniversary of the date of the option exercise or the date the participant
is no longer employed by or providing services to us, or the Operating Partnership or our Manager. Incentive stock options may only be
granted under the BHM Individuals Plan to our employees and employees of our subsidiaries.

The BHM Incentive Plans also
provide for the grant of stock awards. A stock award is an award of shares of our common stock that is subject to vesting requirements,
restrictions on transfer and other restrictions as the administrator determines in its sole discretion on the date of grant, including
the attainment of performance objectives. The restriction period generally will be at least one year, except in the event of the death
or disability of the holder or a change in control of the company, and further provided that awards for up to five percent (5%) of the
aggregate number of shares of common stock authorized for issuance under the BHM Incentive Plans may be granted or awarded without regard
to the one-year minimum vesting requirement, in the discretion of the administrator. A participant may not sell or dispose of more than
fifty percent of the shares acquired under a stock award before the earlier of the first anniversary of the date the stock award vests
or the date the participant is no longer employed by or providing services to us, or the Operating Partnership or our Manager. A participant
who receives a stock award will have all of the rights of a stockholder as to those shares, including, without limitation, voting rights
and the right to receive distributions; provided that if a stock award does not vest solely on the basis of continued employment or service,
dividends will be accumulated and paid only when, and to the extent that, the stock award vests. During the period when stock awards are
non-transferable or forfeitable, (i) a participant is prohibited from selling, transferring, pledging, exchanging, hypothecating
or otherwise disposing of the participant’s stock award shares, (ii) the company will retain custody of any certificates and
(iii) a participant must deliver a stock power to the company for each stock award.

The BHM Incentive Plans authorize
the grant of stock appreciation rights. A stock appreciation right provides the participant with the right to receive, upon exercise of
the stock appreciation right, a payment in cash, shares of our common stock or a combination of the