Company: HPP
Filing Date: 2025-06-13
Form Type: 424B5
Source: 0001193125-25-140284
Chunk: 21

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-06-13
Form: 424B5
Chunk 21
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 shares of our common stock or the availability of shares of our common stock for resale in the open market will decrease the per share trading price of our common stock. The issuance of a
substantial number of shares of our common stock in the public market, or upon exchange of common units, or the perception that such issuances might occur, could adversely affect the per-share trading price of
our common stock, and this could have a similar impact on the value of the Pre-Funded Warrants.

The exchange of common units for common stock, the exercise of any options or the vesting of any restricted stock granted to certain
directors, executive officers and other employees under our equity incentive

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plan, or the issuance of our common stock or common units in connection with future property, portfolio or business acquisitions could have an adverse effect on the per share trading price of our
common stock. In addition, the existence of common units, options, shares of our common stock reserved for issuance as restricted shares of our common stock or upon exchange of common units may adversely affect the terms upon which we may be able to
obtain additional capital through the sale of equity securities. Future issuances of shares of our common stock may also be dilutive to existing stockholders.

Affiliates of the underwriters may receive benefits in connection with this offering.

Affiliates of BofA Securities, Inc. and Wells Fargo Securities, LLC are syndication agent and administrative agent, respectively, under our
revolving credit facility and affiliates of BofA Securities, Inc., Wells Fargo Securities, LLC, RBC Capital Markets, LLC, KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC, (underwriters in this offering) are
lenders under our revolving credit facility and/or certain of our term loans. To the extent that we use a portion of the net proceeds of this offering to repay borrowings outstanding under our revolving credit facility, these affiliates will receive
their proportionate shares of any amount of our revolving credit facility that is repaid with the net proceeds of this offering. This creates potential conflicts of interest because the underwriters have an interest in the successful completion of
this offering beyond the underwriting discounts they will receive. Such conflicts of interest may influence the decision regarding the terms and circumstances under which the offering is completed.

Future offerings of debt securities, which would be senior to our common stock or Pre-FundedWarrants upon liquidation, and/or preferred equity securities which may be