Company: BHM
Filing Date: 2025-03-28
Form Type: POS AM
Source: 0001104659-25-029225
Chunk: 248

Company: Bluerock Homes Trust, Inc.
Filing Date: 2025-03-28
Form: POS AM
Chunk 248
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aking Grant, of which 8,544 vested on November 3,
2023 and 8,543 vested on November 3, 2024, (ii) 23,057 LTIP Units issued to Mr. Ruddy as part of the annual long term equity
incentive grant on May 25, 2023 (the “2023 Annual Incentive Grant”), of which 11,529 vested on May 25, 2024 and
11,528 will vest on April 1, 2025, and (iii) 14,851 LTIP Units issued to Mr. Ruddy as part of the 2024 annual long term
equity incentive grant on April 30, 2024 (the “2024 Annual Incentive Grant”), which will vest on April 30, 2025.
Total does not include (i) 25,629 remaining unvested LTIP Units issued to Mr. Ruddy in connection with the Initial Staking Grant,
which will vest ratably over the Remaining Initial Staking Grant Vesting Dates, (ii) 11,528 unvested LTIP Units issued to Mr. Ruddy
as part of the 2023 Annual Incentive Grant, which will vest on April 1, 2026 (the “Remaining 2023 Annual Incentive Grant Vesting
Date”), or (iii) 29,701 unvested LTIP Units issued to Mr. Ruddy as part of the 2024 Annual Incentive Grant, which will
vest ratably on each of April 30, 2026 and April 30, 2027 (collectively, the “Remaining 2024 Annual Incentive Grant Vesting
Dates”).

(9) Total
includes (i) 32,464 LTIP Units issued to Mr. MacDonald as part of the Initial Staking Grant, of which 16,232 vested on each
of November 3, 2023 and November 3, 2024, and (ii) 5,712 LTIP Units issued to Mr. MacDonald as part of the 2024 Annual
Incentive Grant, which will vest on April 30, 2025. Total does not include (i) 48,696 remaining unvested LTIP Units issued to
Mr. MacDonald in connection with the Initial Staking Grant, which will vest ratably over the Remaining Initial Staking Grant Vesting