15,894 LTIP units granted to Bluerock Homes (NYSE: BHM) CEO

Rhea-AI Filing Summary

Bluerock Homes Trust, Inc. reported that Chairman and CEO Ramin Kamfar acquired 15,894 LTIP Units at a price of $0.00 per unit. The fully vested award was issued as part of management fee and salary-related compensation and can ultimately be settled in Class A common stock on a one-for-one basis after required conditions.

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

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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^*

KAMFAR RAMIN

(Last) (First) (Middle)

919 THIRD AVENUE

40TH FLOOR

(Street)

NEW YORK NY 10022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Bluerock Homes Trust, Inc. [ BHM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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

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
LTIP Units	(1)	02/18/2026		A		15,894		(1)	(1)	Class A Common Stock	15,894	(1)	1,218,506	D(1)

Explanation of Responses:

1. Represents long-term incentive plan units ("LTIP Units") issued in partial satisfaction of the Issuer's Base Management Fee obligation to Bluerock Homes Manager, LLC (the "Manager") for the fourth quarter of 2025 and in satisfaction of the Manager's reimbursement obligation to its affiliate, Bluerock Real Estate Holdings, LLC ("BREH"), for a portion of the salary payable by BREH to the Reporting Person for the quarter ending December 31, 2025 for services provided to the Manager in the Reporting Person's capacity as Chief Executive Officer thereof. These LTIP Units were fully vested upon issuance, and may convert to OP Units upon reaching capital account equivalency with the OP Units held by the Issuer, and may then be redeemed for cash or, at the option of the Issuer and after a one year holding period (including any period during which the LTIP Units were held), settled in shares of the Issuer's Class A common stock on a one-for-one basis.

	/s/ Christopher J. Vohs, Attorney-in-fact	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Bluerock Homes Trust (BHM) report in this Form 4?

Bluerock Homes Trust reported that CEO Ramin Kamfar acquired 15,894 LTIP Units at $0.00 per unit. These units were granted as fully vested compensation and may eventually be settled in Class A common stock, subject to specific conversion and holding conditions.

How many LTIP Units did BHM’s CEO receive and at what price?

The CEO received 15,894 LTIP Units at a transaction price of $0.00 per unit. This represents a compensatory grant rather than a market purchase, with units tied to management fee and salary-related obligations for the 2025 period described.

What are the key features of the LTIP Units granted to BHM’s CEO?

The LTIP Units were fully vested upon issuance and may convert into OP Units once capital account equivalency is reached. After a one-year holding period, they may be redeemed for cash or, at the issuer’s option, settled in Class A common stock on a one-for-one basis.

Why were the LTIP Units issued to the CEO of Bluerock Homes Trust?

The LTIP Units were issued in partial satisfaction of the issuer’s Base Management Fee owed to its Manager and to reimburse an affiliate for a portion of salary payable to the CEO for services provided to the Manager during the quarter ending December 31, 2025.

Did this Form 4 transaction involve a market buy or sell of BHM stock?

No, the Form 4 shows a grant of 15,894 LTIP Units at $0.00 per unit, categorized as a grant or award acquisition. It reflects equity-based compensation rather than an open-market purchase or sale of Bluerock Homes Trust Class A common stock.