BHM Form 4: Officer granted 6,381 LTIP Units, 11/11/2025

Bluerock Homes Trust (BHM) reported an officer transaction on 11/11/2025: the President acquired 6,381 LTIP Units as compensation-related awards.

Rhea-AI Filing Summary

Bluerock Homes Trust (BHM) reported an officer transaction on 11/11/2025: the President acquired 6,381 LTIP Units as compensation-related awards.

The LTIP Units were issued in partial satisfaction of the company’s Base Management Fee to its Manager for Q3 2025 and to reimburse a portion of salary paid by an affiliate for services to the Manager. These units were fully vested upon issuance, may convert into OP Units upon capital account equivalency, and after a one-year holding period may be redeemed for cash or, at the Issuer’s option, settled one-for-one in Class A common stock.

Following the transaction, 200,294 derivative securities were beneficially owned in direct form.

Insights

Corporate governance analyst

Routine compensation grant via LTIP Units; administrative in nature.

The filing records an officer’s acquisition of 6,381 LTIP Units tied to Q3 2025 management fee and salary reimbursement arrangements. These awards were fully vested at issuance and follow a standard REIT OP/LP structure.

Conversion mechanics are typical: LTIP Units can reach capital account equivalency, convert to OP Units, and later be redeemed for cash or, at the issuer’s option and after a one-year holding period, settled one-for-one in Class A shares.

This is an administrative update to insider holdings, with 200,294 derivative securities beneficially owned after the transaction; actual share settlement, if any, depends on issuer option and conditions.

Insider Trade Summary

Grant/Award: 6,381 shares

Grant/Award 1 txn

Insider Ruddy Jordan B.

Role President

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	6,381	$0.00	$0.00

Holdings After Transaction: LTIP Units — 200,294 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 third 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 September 30, 2025 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.

FAQ

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

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

An officer (President) acquired 6,381 LTIP Units on 11/11/2025 as part of compensation-related arrangements.

Why were the 6,381 LTIP Units issued at BHM?

They were issued in partial satisfaction of the Q3 2025 Base Management Fee to the Manager and to reimburse a portion of salary paid by an affiliate.

Are the LTIP Units vested and how can they settle into stock?

They were fully vested upon issuance and may, after conversion to OP Units and a one-year holding period, be settled one-for-one in Class A shares at the issuer’s option.

How many derivative securities are owned after this transaction?

The filing shows 200,294 derivative securities beneficially owned following the reported transaction, held directly.

What is the security type reported for BHM?

The filing reports LTIP Units, a class of partnership units that can convert to OP Units and potentially into Class A common stock.

What is the transaction date for the reported LTIP Units?

The transaction date is 11/11/2025.

Who is the reporting person’s relationship to BHM?

The reporting person is an Officer (President) of Bluerock Homes Trust, Inc.

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

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Accepted by SEC EDGAR 11/12/2025 - 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^*

Ruddy Jordan B.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

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)	11/11/2025		A		6,381		(1)	(1)	Class A Common Stock	6,381	(1)	200,294	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 third 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 September 30, 2025 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	11/12/2025
	** 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.