Bluerock Homes Trust (BHM) director reports 7,824 vested LTIP Units

Rhea-AI Filing Summary

Bluerock Homes Trust, Inc. director reported receiving long-term incentive plan units, or LTIP Units, in Bluerock Residential Holdings, LP, the operating partnership of which the company is the general partner. The filing shows an acquisition of 7,824 LTIP Units, each tied to an equal number of shares of Class A common stock.

The LTIP Units are fully vested and can convert into operating partnership units once their capital accounts match those of units held by the company. After a one-year holding period (including time held as LTIP Units), they may be redeemed for cash or, at the company’s option, settled in shares of Class A common stock on a one-for-one basis.

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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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^*

Jafarnia Kamal

(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) disclose?

A director of Bluerock Homes Trust, Inc. reported receiving 7,824 long-term incentive plan (LTIP) Units in the company’s operating partnership.

What are the LTIP Units reported for Bluerock Homes Trust (BHM)?

The filing describes LTIP Units in Bluerock Residential Holdings, LP that are fully vested and can ultimately relate to shares of Class A common stock on a one-for-one basis after certain conditions are met.

How can the Bluerock Homes Trust LTIP Units convert into common stock?

The LTIP Units may convert into operating partnership units once their capital accounts match those of other units, and after a one-year holding period they may be settled in Class A common stock on a one-for-one basis at the issuer’s option.

Are the Bluerock Homes Trust LTIP Units fully vested?

Yes. The filing states that the LTIP Units are fully vested at the time of reporting.

Can the Bluerock Homes Trust LTIP Units be redeemed for cash?

Yes. After conversion to operating partnership units, the LTIP Units may be redeemed for cash or, at the issuer’s option, settled in Class A common stock.

Who signed the Bluerock Homes Trust insider transaction report?

The report was signed by /s/ Christopher J. Vohs as attorney-in-fact for the reporting person.