Company: BHM
Filing Date: 2025-04-09
Form Type: 424B3
Source: 0001104659-25-033384
Chunk: 249

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-09
Form: 424B3
Chunk 249
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2023 and November 3, 2024, (ii) 2,471 LTIP Units issued to Mr. DiFranco as part of the 2023 Annual Incentive
Grant, of which 1,236 vested on May 25, 2024 and 1,235 will vest on April 1, 2025. and (iii) 1,714 LTIP Units issued to
Mr. DiFranco as part of the 2024 Annual Incentive Grant, which will vest on April 30, 2025. Total does not include (i) 19,221
remaining unvested LTIP Units issued to Mr. DiFranco in connection with the Initial Staking Grant, which will vest ratably over the
Remaining Initial Staking Grant Vesting Dates, (ii) 1,235 unvested LTIP Units issued to Mr. DiFranco as part of the 2023 Annual
Incentive Grant , which will vest on the Remaining 2023 Annual Incentive Grant Vesting Date, or (iii) 3,427 unvested LTIP Units issued
to Mr. DiFranco as part of the 2024 Annual Incentive Grant, which will vest ratably over the Remaining 2024 Annual Incentive Grant
Vesting Dates.

(13) Total
includes (i) 10,252 LTIP Units issued to Mr. Emala as part of the Initial Staking Grant, of which 5,126 vested on each of November 3,
2023 and November 3, 2024, and (ii) 1,257 LTIP Units issued to Mr. Emala as part of the 2024 Annual Incentive Grant, which
will vest on April 30, 2025. Total does not include (i) 15,378 remaining unvested LTIP Units issued to Mr. Emala in connection
with the Initial Staking Grant, which will vest ratably over the Remaining Initial Staking Grant Vesting Dates, or (ii) 2,513 unvested
LTIP Units issued to Mr. Emala as part of the 2024 Annual Incentive Grant, which will vest ratably over the Remaining 2024 Annual
Incentive Grant Vesting Dates.

(14) Based
on the Schedule 13G filed with the SEC on February 14, 2024. Includes holdings of