# EDGAR Filing Document

**Accession Number:** 0001605607
**File Stem:** 0000950170-25-101444
**Filing Date:** 2025-8
**Character Count:** 7020
**Document Hash:** dc601c555f5f782d448c2ec7bd26c4a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-101444.hdr.sgml**: 20250801

**ACCESSION NUMBER**: 0000950170-25-101444

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250729

**FILED AS OF DATE**: 20250801

**DATE AS OF CHANGE**: 20250801

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Dembo Timothy Carey
- **CENTRAL INDEX KEY:** 0002075441

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36746
- **FILM NUMBER:** 251176527

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Paramount Group, Inc.
- **CENTRAL INDEX KEY:** 0001605607
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 320439307
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1633 BROADWAY, SUITE 1801
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-237-3100

**MAIL ADDRESS:**
- **STREET 1:** 1633 BROADWAY, SUITE 1801
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Dembo Timothy Carey<br><sub>(Last) (First) (Middle)</sub><br>C/O PARAMOUNT GROUP, INC.<br>1633 BROADWAY<br><sub>(Street)</sub><br>NEW YORK, NY 10019<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>Paramount Group, Inc. [ PGRE ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2025-07-29 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_See Remarks_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| Common Stock | 2511 | D |  |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Common OP Units | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 684 | <sup>(1)</sup> | D |  |
| LTIP Units | <sup>(2)</sup> | <sup>(2)(3)</sup> | Common Stock | 6119 | <sup>(3)</sup> | D |  |
| LTIP Units | <sup>(4)</sup> | <sup>(3)(4)</sup> | Common Stock | 684 | <sup>(3)</sup> | D |  |
| LTIP Units | <sup>(5)</sup> | <sup>(3)(5)</sup> | Common Stock | 11073 | <sup>(3)</sup> | D |  |
| LTIP Units | <sup>(6)</sup> | <sup>(3)(6)</sup> | Common Stock | 53067 | <sup>(3)</sup> | D |  |

---

### Footnotes:

(1) Represents common units of limited partnership interest ("OP Units") in Paramount Group Operating Partnership LP (the "Operating Partnership"). Each OP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of common stock. These redemption rights have no expiration date.

(2) Represents LTIP Units issued pursuant to the Issuer's Amended and Restated 2014 Equity Incentive Plan (the "2014 Plan"). Of the 6,119 LTIP Units, 4,589 LTIP Units vested in equal installments on each of February 15, 2023, 2024, and 2025. The remaining 1,530 LTIP Units will vest on February 15, 2026, subject to continued employment.

(3) Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit will be converted automatically into an OP Unit in the Operating Partnership. Each OP Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of common stock. LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The rights to convert vested LTIP Units into OP Units and redeem OP Units do not have expiration dates.

(4) Represents the unvested portion of the LTIP Units earned upon the achievement of the performance hurdles pursuant to the Paramount Group, Inc. 2022 Performance Program issued pursuant to the 2014 Plan. These LTIP Units will vest on December 31, 2025, subject to continued employment.

(5) Represents LTIP Units issued pursuant to the 2014 Plan. Of the 11,073 LTIP Units, 5,536 LTIP Units vested in equal installments on each of February 15, 2024 and 2025. The remaining 5,537 LTIP Units will vest in two equal installments on each of February 15, 2026 and February 15, 2027, subject to continued employment.

(6) Represents LTIP Units issued pursuant to the 2014 Plan. The LTIP Units will vest in two equal installments on each of October 1, 2026 and October 1, 2027, subject to continued employment.

**Remarks:**
Senior Vice President, General Counsel and Secretary

**Signature:** /s/ Timothy Dembo  
**Date:** 2025-08-01

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**