Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 206

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 206
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(or attestation of ownership of shares of our common stock) with an aggregate fair market value on the date on which the option is exercised,
equal to the exercise price, or (iv) by payment through a broker in accordance with procedures established by the Federal Reserve
Board. The term of an option cannot exceed ten years from the date of grant (or five years in the case of an incentive stock option granted
to an individual who is a “ten percent stockholder”). The administrator will prescribe when an option will become exercisable,
but options generally will not become exercisable before the first anniversary of its grant, 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 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