Company: BHM
Filing Date: 2025-11-18
Form Type: S-11/A
Source: 0001104659-25-113674
Chunk: 260

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-11-18
Form: S-11/A
Chunk 260
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,418 vested on each of November 3,
2023 and November 3, 2024, and 3,417 vested on November 3, 2025, (ii) 1,648 LTIP Units issued to Mr. Babb as part
of the 2023 Annual Incentive Grant, of which 824 vested on May 25, 2024 and 824 vested on April 1, 2025, and (iii) 1,143
LTIP Units issued to Mr. Babb as part of the 2024 Annual Incentive Grant, which vested on April 30, 2025. Total does not include
(i) 6,834 remaining unvested LTIP Units issued to Mr. Babb in connection with the Initial Staking Grant, which will vest ratably
over the Remaining Initial Staking Grant Vesting Dates, (ii) 823 unvested LTIP Units issued to Mr. Babb as part of the 2023
Annual Incentive Grant, which will vest on the Remaining 2023 Annual Incentive Grant Vesting Date, or (iii) 2,285 unvested LTIP
Units issued to Mr. Babb as part of the 2024 Annual Incentive Grant, which will vest ratably over the Remaining 2024 Annual Incentive
Grant Vesting Dates.

(11) Total
includes (i) 12,816 LTIP Units issued to Mr. Vohs as part of the Initial Staking Grant, of which 4,272 vested on each of November 3,
2023, November 3, 2024, and November 3, 2025, (ii) 2,471 LTIP Units issued to Mr. Vohs as part of the 2023 Annual
Incentive Grant, of which 1,236 vested on May 25, 2024 and 1,235 vested on April 1, 2025, and (iii) 1,714 LTIP Units issued
to Mr. Vohs as part of the 2024 Annual Incentive Grant, which vested on April 30, 2025. Total does not include (i) 8,542
remaining unvested LTIP Units issued to Mr. Vohs in connection with the Initial Staking Grant, which will vest ratably over the
Remaining Initial Staking Grant Vesting Dates