Company: HPP
Filing Date: 2025-06-13
Form Type: 424B5
Source: 0001193125-25-140284
Chunk: 30

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-06-13
Form: 424B5
Chunk 30
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ly own in excess of 19.9% of the number of shares 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 of the 19.9% exercise limitation, a holder of Pre-Funded Warrants will not be entitled to
exercise any Pre-Funded Warrants if such exercise would permit the holder to exercise more than 19.9% of the voting power of our outstanding common stock. The Pre-Funded
Warrants do not confer any voting rights on their holders.

Exercise Price. Each Pre-Funded
Warrant offered hereby has an initial exercise price per share equal to $0.01. The holder may exercise each Pre-Funded Warrant for cash or through a “cashless exercise” as described below. The Pre-Funded Warrants are immediately exercisable and may be exercised at any time until the Pre-Funded Warrants are exercised in full. The exercise price and number of shares
of common stock issuable upon exercise is subject to adjustment in the event of stock dividends and distributions, stock splits, stock combinations, reclassifications or similar events affecting our common stock.

Transferability. Subject to compliance with any applicable securities laws, the
Pre-Funded Warrants are separately tradeable immediately after issuance at the option of the holders and may be transferred at the option of the holders.

S-21

Restrictions on Ownership and Transfer. To assist us in complying with certain
federal income tax requirements applicable to REITs, our charter contains certain restrictions relating to the ownership and transfer of our common stock, including an ownership limit of 9.8% (in value or in number of shares, whichever is more
restrictive) of the outstanding shares of our common stock. Our board of directors may, in its sole and absolute discretion, waive one or more of the ownership limits with respect to a particular person under certain circumstances. For these
purposes, the Pre-Funded Warrants will be treated as outstanding shares of our common stock. See “Restrictions on Ownership and Transfer” in the accompanying prospectus.

No Listing. There is no established public trading market for the Pre-Funded Warrants and we do
not expect a market to develop. In addition, we do not intend to apply for listing of the Pre-Funded Warrants on any securities exchange or recognized trading system, including the NYSE. Without an active
trading market, the