Bluerock Homes CEO receives 13,624 LTIP units

Bluerock Homes Trust, Inc. disclosed that Chairman and CEO Ramin Kamfar received a grant of 13,624 LTIP Units as compensation for the first quarter of 2026.

Rhea-AI Filing Summary

Bluerock Homes Trust, Inc. disclosed that Chairman and CEO Ramin Kamfar received a grant of 13,624 LTIP Units as compensation for the first quarter of 2026. These units were issued in partial satisfaction of the company’s base management fee owed to Bluerock Homes Manager, LLC and to reimburse an affiliate for a portion of his salary for services to the manager. The LTIP Units are fully vested and can convert into OP Units once their capital account matches existing OP Units, and after a one-year holding period may be redeemed for cash or, at the issuer’s option, settled in an equal number of Class A common shares. Following this award, Kamfar holds 1,232,130 LTIP Units.

Insider Trade Summary

Grant/Award: 13,624 shares

Grant/Award 1 txn

Insider KAMFAR RAMIN

Role Chairman and CEO

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	13,624	$0.00	$0.00

Holdings After Transaction: LTIP Units — 1,232,130 contracts (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 first 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 March 31, 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.

Key Figures

LTIP Units granted: 13,624 units Grant price: $0.00 per LTIP Unit Underlying common shares: 13,624 shares +3 more

6 metrics

LTIP Units granted 13,624 units Grant/award on May 12, 2026

Grant price $0.00 per LTIP Unit Compensation-related award

Underlying common shares 13,624 shares Class A Common Stock underlying LTIP Units

LTIP Units after transaction 1,232,130 units Total derivative holdings following grant

Compensation period Quarter ending March 31, 2026 Base management fee and salary period

Holding period One year Required before potential share settlement

Key Terms

LTIP Units, Base Management Fee, capital account equivalency, OP Units, +1 more

5 terms

LTIP Units financial

"Represents long-term incentive plan units ("LTIP Units") issued in partial satisfaction of the Issuer's Base Management Fee obligation"

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 to Bluerock Homes Manager, LLC"

capital account equivalency financial

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

OP Units financial

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

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

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

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

Bluerock Homes Trust reported a grant of 13,624 LTIP Units to Chairman and CEO Ramin Kamfar. The award serves as compensation related to first quarter 2026 management fees and salary, and is structured as equity-based, fully vested incentive units.

How many LTIP Units did BHM CEO Ramin Kamfar receive?

Ramin Kamfar received 13,624 LTIP Units. These long-term incentive plan units correspond to 13,624 underlying shares of Class A common stock and were granted at a price of $0.00 per unit as part of his compensation arrangement.

What is the purpose of the LTIP Units granted by Bluerock Homes (BHM)?

The LTIP Units were issued partly to satisfy Bluerock Homes’ base management fee owed to Bluerock Homes Manager, LLC and to reimburse an affiliate for a portion of Kamfar’s salary for the quarter ending March 31, 2026, aligning compensation with equity-based incentives.

Can the LTIP Units granted to BHM’s CEO convert into common stock?

Yes. The LTIP Units may first convert into OP Units once they reach capital account equivalency, and after a one-year holding period may be redeemed for cash or, at Bluerock Homes’ option, settled one-for-one in shares of Class A common stock.

How many LTIP Units does Ramin Kamfar hold after this transaction in BHM?

After the grant of 13,624 LTIP Units, Ramin Kamfar holds 1,232,130 LTIP Units. This figure reflects his direct derivative holdings reported in the Form 4, providing context for the relative size of the new award within his total position.

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

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Accepted by SEC EDGAR 05/14/2026 - 04:00 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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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)
			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)	05/12/2026		A		13,624		(1)	(1)	Class A Common Stock	13,624	(1)	1,232,130	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 first 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 March 31, 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-fact	05/14/2026
	** 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)