Bluerock Homes Trust (BHM) President awarded 6,358 fully vested LTIP Units

Rhea-AI Filing Summary

Bluerock Homes Trust, Inc. President Ruddy Jordan B. received a grant of 6,358 LTIP Units as long-term incentive compensation. The award was recorded at a price of $0.00 per unit and increased his directly held LTIP Units to 206,652.

According to the disclosure, the LTIP Units were issued in partial satisfaction of the base management fee owed to Bluerock Homes Manager, LLC and as reimbursement for a portion of the reporting person’s salary for services as President of the Manager. The LTIP Units were fully vested upon issuance and may convert into OP Units, which can later be redeemed for cash or, after a one-year holding period and at the issuer’s option, settled in 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

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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^*

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)
02/18/2026

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)	02/18/2026		A		6,358		(1)	(1)	Class A Common Stock	6,358	(1)	206,652	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 fourth 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 December 31, 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	02/20/2026
	** 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).
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FAQ

What did Bluerock Homes Trust (BHM) report in this Form 4 for Ruddy Jordan B.?

Bluerock Homes Trust reported that President Ruddy Jordan B. received a grant of 6,358 LTIP Units. This grant is a form of long-term incentive compensation that increased his directly held LTIP Units to 206,652 following the transaction.

How many LTIP Units did BHM’s President acquire in this transaction?

The President acquired 6,358 LTIP Units in this Form 4 transaction. These units were granted as compensation, recorded at a price of $0.00 per unit, and were fully vested upon issuance according to the filing’s footnote description.

What is the total number of LTIP Units held by BHM President Ruddy Jordan B. after the grant?

After the grant, President Ruddy Jordan B. holds a total of 206,652 LTIP Units. This figure reflects his direct ownership following the award of 6,358 additional LTIP Units reported in the Form 4 filing for Bluerock Homes Trust.

Why were the 6,358 LTIP Units granted to the BHM President?

The 6,358 LTIP Units were granted in partial satisfaction of the issuer’s base management fee owed to Bluerock Homes Manager, LLC and to reimburse its affiliate for a portion of the President’s salary related to services provided in his role at the Manager.

Are the LTIP Units granted to BHM’s President immediately vested?

Yes, the filing states these LTIP Units were fully vested upon issuance. This means the President did not need to satisfy additional service or performance conditions for vesting, and the units immediately carried the rights described in the disclosure.

Can the LTIP Units granted to the BHM President convert into common stock?

The LTIP Units may first convert into OP Units once capital account equivalency is reached. Those OP Units can then be redeemed for cash or, after a one-year holding period and at the issuer’s option, settled in Class A common stock on a one-for-one basis.