Armada Hoffler Properties director issued 2,013 shares as fee retainer

Armada Hoffler Properties, Inc. reported that one of its directors acquired 2,013 shares of common stock on 12/15/2025 at $6.828 per share.

Rhea-AI Filing Summary

Armada Hoffler Properties, Inc. reported that one of its directors acquired 2,013 shares of common stock on 12/15/2025 at $6.828 per share. These shares were issued to the director in lieu of his cash retainer, meaning he received stock instead of his usual cash board fee.

After this transaction, the director beneficially owns 48,493 shares of Armada Hoffler common stock in direct ownership, as shown in a report filed for a single reporting person who serves as a director of the company.

Insider Trade Summary

Grant/Award: 2,013 shares

Grant/Award 1 txn

Insider Gartman Dennis H.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,013	$6.828	$14K

Holdings After Transaction: Common Stock — 48,493 shares (Direct)

Footnotes (1)

1. F1. These shares were issued to the director in lieu of his cash retainer.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Armada Hoffler Properties (AHH) report in this filing?

The report shows that a director of Armada Hoffler Properties, Inc. acquired 2,013 shares of common stock on 12/15/2025 at a price of $6.828 per share.

Why were the Armada Hoffler Properties (AHH) shares issued to the director?

The disclosure states that these shares were issued to the director in lieu of his cash retainer, so they represent stock paid instead of his regular cash board fee.

How many Armada Hoffler Properties (AHH) shares does the director own after this transaction?

Following the reported transaction, the director beneficially owns 48,493 shares of Armada Hoffler Properties common stock in direct ownership.

Was this Armada Hoffler Properties (AHH) insider transaction a purchase on the open market?

No. The explanation clarifies that the 2,013 shares were issued in lieu of the director's cash retainer, indicating they were part of board compensation rather than an open market purchase.

Is the Armada Hoffler Properties (AHH) insider report filed for more than one person?

No. The filing indicates that it is a Form filed by one reporting person, covering a single director of the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 12/17/2025 - 09:27 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gartman Dennis H.

(Last) (First) (Middle)

C/O ARMADA HOFFLER PROPERTIES, INC.

222 CENTRAL PARK AVENUE, SUITE 1000

(Street)

VIRGINIA BEACH VA 23462

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Armada Hoffler Properties, Inc. [ AHH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/15/2025		A		2,013(1)	A	$6.828	48,493	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These shares were issued to the director in lieu of his cash retainer.

Remarks:

	/s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for Dennis H. Gartman	12/17/2025
	** Signature of Reporting Person	Date
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.