Company: BHM
Filing Date: 2025-04-07
Form Type: POS AM
Source: 0001104659-25-032524
Chunk: 209

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-04-07
Form: POS AM
Chunk 209
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 become earned or vested before the first anniversary
of their 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 our 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. An
incentive award that is earned will be settled in a single payment which may be in cash, our common stock, other equity-based awards (including
LTIP Units), or a combination thereof. No more than fifty percent of the shares issued in settlement of an incentive award may be sold
or disposed of before the first anniversary of the date that the shares are issued or the date that the participant is no longer employed
by or providing services to us, or the Operating Partnership or our Manager.

The administrator may grant
other types of stock-based awards as other equity-based awards, including LTIP Units, under the BHM Incentive Plans. Other equity-based
awards are payable in cash, shares of our common stock or shares or units of such other equity, or a combination thereof, as determined
by the administrator. The terms and conditions of other equity-based awards are determined by the administrator, and will include a requirement
that performance objectives or other criteria be satisfied. Other equity-based awards generally will not become earned or vested before
the first anniversary of their 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 our 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. In addition, a participant may not sell or dispose of more than fifty percent of the shares of our common stock
or other equity interests (including LTIP Units) covered by other equity-based awards before the earlier of the first anniversary of the
date that the shares or interests become vested or the date that the participant is no longer employed by or providing services to us,
or the Operating Partnership or our Manager.

LTIP Units are a special
class of partnership interest in our Operating Partnership. Each LTIP Unit awarded will be deemed equivalent to an award of one share
of the applicable common stock