Bluerock Homes Trust grants 7,043 LTIP Units to president

Q: What did Bluerock Homes Trust (BHM) disclose about President Jordan B. Ruddy’s new equity grant?

Bluerock Homes Trust disclosed that President Jordan B. Ruddy received 7,043 LTIP Units on August 13, 2026. These fully vested units were granted as part of management fee and salary arrangements with the external Manager and its affiliate.

Q: How can the 7,043 LTIP Units reported by BHM for Jordan B. Ruddy convert into Class A common stock?

The 7,043 LTIP Units may convert into OP Units once they reach capital account equivalency with existing OP Units. After that and a one‑year holding period, they may be redeemed for cash or settled in Class A common stock on a one‑for‑one basis.

Q: What compensation obligations do the 7,043 LTIP Units for BHM’s President satisfy?

The 7,043 LTIP Units were issued in partial satisfaction of the Issuer’s Base Management Fee to Bluerock Homes Manager, LLC for Q2 2026 and to satisfy the Manager’s reimbursement obligation to an affiliate for a portion of Ruddy’s salary for the quarter ending June 30, 2026.

Q: Does the Form 4 for BHM’s President involve an open-market buy or sell of common stock?

No. The Form 4 reports a grant of derivative LTIP Units, not an open‑market purchase or sale of Class A common stock. The transaction is coded as an “A” award/acquisition and relates to compensation and management fee arrangements.

Ruddy Jordan B. reported acquisition or exercise transactions in this Form 4 filing.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Ruddy Jordan B. reported acquisition or exercise transactions in this Form 4 filing.

Bluerock Homes Trust, Inc. reported that its President, Jordan B. Ruddy, received a grant of 7,043 LTIP Units on August 13, 2026. These long-term incentive plan units were issued in connection with the external Manager’s Base Management Fee and reimbursement of a portion of Ruddy’s salary. The LTIP Units were fully vested upon issuance, are economically tied to OP Units, and may ultimately be settled in Bluerock Homes Trust’s Class A common stock on a one‑for‑one basis after capital account equivalency and a one‑year holding period. Following this award, Ruddy holds 251,301 LTIP Units directly.

Insider Trade Summary

Grant/Award: 7,043 shares

Grant/Award 1 txn

Insider Ruddy Jordan B.

Role President

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units ^F1	7,043	--	--

Holdings After Transaction: LTIP Units — 251,301 contracts (Direct)

Footnotes (1)

F1. 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 second quarter of 2026 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 June 30, 2026 for services provided to the Manager in the Reporting Person's capacity as President 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.

Key Figures

LTIP Units granted: 7,043 LTIP Units LTIP Units after transaction: 251,301 LTIP Units Quarter compensated: Quarter ending June 30, 2026 +2 more

5 metrics

LTIP Units granted 7,043 LTIP Units Grant/award acquisition on August 13, 2026 to President Jordan B. Ruddy

LTIP Units after transaction 251,301 LTIP Units Total derivative holdings reported for Ruddy following the August 13, 2026 grant

Quarter compensated Quarter ending June 30, 2026 Period for which Base Management Fee and salary reimbursement were satisfied via LTIP Units

Share settlement ratio One-for-one LTIP Units may be settled in Class A common stock on a one-for-one basis after conditions are met

Holding period One year Required holding period (including LTIP holding time) before potential stock settlement

Key Terms

LTIP Units, Base Management Fee, capital account equivalency, OP Units

4 terms

LTIP Units financial

"Represents long-term incentive plan units ("LTIP Units") issued in partial satisfaction"

LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.

Base Management Fee financial

"issued in partial satisfaction of the Issuer's Base Management Fee obligation"

capital account equivalency financial

"may convert to OP Units upon reaching capital account equivalency with the OP Units"

OP Units financial

"may convert to OP Units upon reaching capital account equivalency with the OP Units"

OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.

FAQ

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

What did Bluerock Homes Trust (BHM) disclose about President Jordan B. Ruddy’s new equity grant?

Bluerock Homes Trust disclosed that President Jordan B. Ruddy received 7,043 LTIP Units on August 13, 2026. These fully vested units were granted as part of management fee and salary arrangements with the external Manager and its affiliate.

How many LTIP Units does BHM’s President hold after the August 13, 2026 Form 4 transaction?

After the August 13, 2026 grant, President Jordan B. Ruddy beneficially holds 251,301 LTIP Units. This total includes the newly awarded 7,043 LTIP Units and represents his direct derivative interest tied to Bluerock Homes Trust’s operating partnership.

How can the 7,043 LTIP Units reported by BHM for Jordan B. Ruddy convert into Class A common stock?

The 7,043 LTIP Units may convert into OP Units once they reach capital account equivalency with existing OP Units. After that and a one‑year holding period, they may be redeemed for cash or settled in Class A common stock on a one‑for‑one basis.

What compensation obligations do the 7,043 LTIP Units for BHM’s President satisfy?

The 7,043 LTIP Units were issued in partial satisfaction of the Issuer’s Base Management Fee to Bluerock Homes Manager, LLC for Q2 2026 and to satisfy the Manager’s reimbursement obligation to an affiliate for a portion of Ruddy’s salary for the quarter ending June 30, 2026.

Were the LTIP Units granted to BHM’s President immediately vested?

Yes. Bluerock Homes Trust states that these LTIP Units were fully vested upon issuance. Although vested, they are still subject to conditions including capital account equivalency and a one‑year holding period before potential redemption or stock settlement.

Does the Form 4 for BHM’s President involve an open-market buy or sell of common stock?

No. The Form 4 reports a grant of derivative LTIP Units, not an open‑market purchase or sale of Class A common stock. The transaction is coded as an “A” award/acquisition and relates to compensation and management fee arrangements.

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

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Available on EDGAR 08/14/2026 - 04:03 PM Accepted by SEC EDGAR 08/14/2026 - 04:00 PM

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^*

Ruddy Jordan B.

(Last)

(First)

(Middle)

919 THIRD AVENUE

40TH FLOOR

(Street)

NEW YORK

10022

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
LTIP Units	⁽¹⁾	08/13/2026		A		7,043		⁽¹⁾	⁽¹⁾	Class A Common Stock	7,043	⁽¹⁾	251,301	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 second quarter of 2026 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 June 30, 2026 for services provided to the Manager in the Reporting Person's capacity as President 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	08/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR