Company: HPP
Filing Date: 2025-06-13
Form Type: 424B5
Source: 0001193125-25-140284
Chunk: 20

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-06-13
Form: 424B5
Chunk 20
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. Our failure to apply these funds effectively could have a material adverse effect on our business and cause the price of our common stock to decline.

We will not receive any meaningful amount of additional funds upon the exercise of the Pre-FundedWarrants.

Each Pre-Funded Warrant will be exercisable until it is fully exercised and by means of
payment of the nominal cash purchase price upon exercise or by means of exercise on a “cashless” basis according to a formula set forth in the Pre-Funded Warrant. Accordingly, we will not receive any
meaningful additional funds upon the exercise of the Pre-Funded Warrants.

Significant holders or beneficial holders of our shares of common stock may not be permitted to exercise the Pre-Funded Warrantsthat they hold.

The Pre-Funded Warrants being offered will prohibit a holder from exercising Pre-Funded Warrants if doing so would result in such holder (together with such holder’s affiliates and any other persons acting as a group together with such holder or any of such
holder’s affiliates) beneficially owning in excess of 19.9% of our common stock outstanding immediately after giving effect to the exercise as such percentage ownership is determined in accordance with the terms of the Pre-Funded Warrants. As a result, you may not be able to exercise your Pre-Funded Warrants for shares of our common stock at a time when it would be financially
beneficial for you to do so. In such circumstance you could seek to sell your Pre-Funded Warrants to realize value, but you may be unable to do so.

Market interest rates may have an effect on the value of our common stock.

One of the factors that may influence the per share trading price of our common stock is the dividend yield on our common stock (as a
percentage of the price of our common stock) relative to market interest rates. We suspended our quarterly dividend on our common stock in September 2024, and currently do not pay dividends to our common stockholders. An increase in market interest
rates may lead prospective purchasers of shares of our common stock to expect a higher dividend yield if and when dividends resume, and higher interest rates would likely increase our borrowing costs and potentially decrease funds available for
distribution. Thus, higher market interest rates could cause the per share trading price of our common stock to decrease.

The number of shares of our common stock available for future issuance or sale could adversely affect the per share trading price of our common stock.

We
cannot predict whether future issuances or sales of