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Bluerock Homes Trust (BHM) CEO receives 17,606 LTIP Units tied to fees

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bluerock Homes Trust, Inc. reported that Chairman and CEO Ramin Kamfar acquired 17,606 LTIP Units on August 13, 2026. The LTIP Units were issued as part of the base management fee paid to Bluerock Homes Manager, LLC and as reimbursement for a portion of Kamfar’s salary for services to the Manager. These LTIP Units are fully vested upon issuance, correspond to 17,606 shares of Class A common stock on an as-converted basis, and may convert into OP Units and then, after a one-year holding period, be redeemed for cash or, at the issuer’s option, settled in Class A common stock on a one-for-one basis. Following this award, Kamfar holds a reported total of 1,249,736 LTIP Units directly.

Positive

  • None.

Negative

  • None.
Insider KAMFAR RAMIN
Role Chairman and CEO
Type Security Shares Price Value
Grant/Award LTIP Units F1 17,606 -- --
Holdings After Transaction: LTIP Units — 1,249,736 shares (Direct)
Footnotes (1)
  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 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.
LTIP Units granted 17,606 LTIP Units Grant, award, or other acquisition on August 13, 2026
Underlying Class A shares 17,606 shares Underlying security shares linked to the LTIP Units on an as-converted basis
Total LTIP Units after transaction 1,249,736 LTIP Units Direct holdings of Ramin Kamfar following the August 13, 2026 award
Holding period for stock settlement 1 year Required holding period before potential settlement in Class A common stock
Quarter for fee obligation Second quarter of 2026 Period for which the Base Management Fee obligation was partially satisfied with LTIP Units
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.
Class A common stock financial
"settled in shares of the Issuer's Class A common stock on a one-for-one basis"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

What did Bluerock Homes Trust (BHM) disclose about insider equity awards?
Bluerock Homes Trust disclosed that its Chairman and CEO, Ramin Kamfar, received 17,606 LTIP Units as a grant. These were issued for second-quarter 2026 management fee obligations and salary reimbursement related to services provided to Bluerock Homes Manager, LLC.

How many LTIP Units does BHM CEO Ramin Kamfar hold after this Form 4?
After the reported grant, CEO Ramin Kamfar holds 1,249,736 LTIP Units directly. This total includes the newly awarded 17,606 LTIP Units reported for August 13, 2026, tied to management fee and salary reimbursement arrangements.

What are the key terms of the LTIP Units granted in BHM’s Form 4?
The 17,606 LTIP Units are fully vested upon issuance and are linked to an equal number of Class A common shares on an as-converted basis. They may convert to OP Units, then be redeemed for cash or, after a one-year holding period, settled in stock one-for-one.

Why were the 17,606 LTIP Units issued in Bluerock Homes Trust (BHM)?
The 17,606 LTIP Units were issued partly to satisfy Bluerock Homes Trust’s Base Management Fee owed to its Manager for Q2 2026, and partly to satisfy the Manager’s reimbursement obligation for a portion of CEO Ramin Kamfar’s salary for services to the Manager.

Can the LTIP Units reported in BHM’s Form 4 be converted into common stock?
Yes. The LTIP Units may convert into OP Units once they reach capital account equivalency, then be redeemed for cash or, at the issuer’s option after a one-year holding period, settled in Class A common stock on a one-for-one basis.

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

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
KAMFAR RAMIN
(Last)(First)(Middle)
919 THIRD AVENUE
40TH FLOOR
(Street)
NEW YORK 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
LTIP Units(1)08/13/2026A17,606 (1) (1)Class A Common Stock17,606(1)1,249,736D(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 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-fact08/14/2026
** Signature of Reporting PersonDate
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