Bluerock Homes Trust (BHM) director receives 7,824 LTIP Units award

Rhea-AI Filing Summary

Bluerock Homes Trust, Inc. reported an insider equity grant for one of its directors. On 01/01/2026, the director received 7,824 long-term incentive plan units ("LTIP Units") of Bluerock Residential Holdings, LP, the operating partnership of which Bluerock Homes Trust is the general partner.

The LTIP Units are fully vested and can convert into operating partnership units once their capital account matches that of existing units. After this conversion and a one-year holding period, they may be redeemed for cash or, at the company’s option, settled in shares of Bluerock Homes Trust’s Class A common stock on a one-for-one basis. Following this award, the director beneficially owns 27,820 derivative securities directly.

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

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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^*

Tio Romano

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

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)	01/01/2026		A		7,824		(1)	(1)	Class A Common Stock	7,824	(1)	27,820	D

Explanation of Responses:

1. Represents long-term incentive plan units ("LTIP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which the Issuer is the general partner. The LTIP Units are fully vested 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	01/05/2026
	** 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.
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FAQ

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

The company reported that a director received 7,824 LTIP Units in Bluerock Residential Holdings, LP on 01/01/2026, tied to Bluerock Homes Trust Class A common stock.

How many derivative securities does the Bluerock Homes Trust (BHM) director now beneficially own?

After the reported transaction, the director beneficially owns 27,820 derivative securities, held in the form of LTIP Units, directly.

What are LTIP Units related to Bluerock Homes Trust (BHM)?

LTIP Units are long-term incentive plan units in Bluerock Residential Holdings, LP. They are fully vested and can convert into operating partnership units, and eventually into Class A common stock on a one-for-one basis, at the issuer’s option and after a one-year holding period.

Can the LTIP Units reported by Bluerock Homes Trust (BHM) be converted into common stock?

Yes. Once the LTIP Units reach capital account equivalency with other partnership units and 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.

What is the relationship of the reporting person to Bluerock Homes Trust (BHM)?

The reporting person is a director of Bluerock Homes Trust, Inc., as indicated in the relationship section.

Is the reported Bluerock Homes Trust (BHM) Form 4 filed for one or multiple insiders?

The Form 4 is indicated as being filed by one reporting person, not by multiple insiders.