Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 213

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 213
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. Officers are eligible for awards under our
BHM Equity Incentive Plan for Individuals, as described below.

Incentive Plans

Our board of directors has
adopted and our stockholders have approved the Bluerock Homes Trust, Inc. Amended and Restated Equity Incentive Plan for Individuals
(the “BHM Individuals Plan”) and the Bluerock Homes Trust, Inc. Amended and Restated Equity Incentive Plan for Entities
(the “BHM Entities Plan”) to attract and retain independent directors, executive officers and other key employees, including
officers and employees of our Manager and Operating Partnership and their affiliates and other service providers, including our Manager
and its affiliates. Together, we refer to the BHM Individuals Plan and the BHM Entities Plan as the “BHM Incentive Plans.”
The BHM Incentive Plans provide for the grant of options to purchase shares of our common stock, stock awards, stock appreciation rights,
performance units, incentive awards and other equity-based awards, and will generally be administered by the compensation committee of
our board of directors.

The following discussion
summarizes the material provisions of the BHM Incentive Plans. The forms of the BHM Incentive Plans are filed as exhibits to our Current
Report on Form 8-K filed with the SEC on June 12, 2025.

Eligibility

Employees and officers of
our Company and our affiliates (including employees of our Operating Partnership and Manager), and members of our board of directors,
will be eligible to receive grants under the BHM Individuals Plan. In addition, individuals who provide significant services to us or
an affiliate, including individuals who provide services to us or an affiliate by virtue of employment with, or providing services to,
our Operating Partnership or Manager, will be eligible to receive grants under the BHM Individuals Plan. An entity that provides significant
services to us or an affiliate will be eligible to receive grants under the BHM Entities Plan.

Limitation of Awards to Non-Employee Directors

Under the BHM Incentive Plans,
no non-employee director may be granted during any calendar year awards with respect to more than 40,000 shares of our common stock.

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Share Authorization

The aggregate number of shares
of our common stock authorized for issuance under the BHM Incentive Plans is 4,022,109, with (i) 1,625,000 shares available for
issuance under the