Trust tied to Bluerock Homes Trust (BHM) president buys OP Units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bluerock Homes Trust, Inc. reported indirect insider purchases of Operating Partnership units linked to its Class A common stock. A trust associated with President Ruddy Jordan B. bought 265,000 OP Units on April 3, 2023, 18,772 OP Units on June 16, 2023, and 96,618 OP Units on October 12, 2023, increasing its holdings to 507,057 OP Units.
The OP Units are in Bluerock Residential Holdings, LP, where Bluerock Homes Trust is general partner. After a one‑year holding period, each OP Unit may be redeemed for cash or, at the issuer’s option, for one share of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Net Buy
3 txns
Insider
Ruddy Jordan B.
Role
President
Bought
380,390 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | OP Units | 96,618 | $0.00 | -- |
| Purchase | OP Units | 18,772 | $0.00 | -- |
| Purchase | OP Units | 265,000 | $0.00 | -- |
Holdings After Transaction:
OP Units — 507,057 shares (Indirect, See Footnote)
Footnotes (1)
- Represents common units ("OP Units") in Bluerock Residential Holdings, LP (the "Operating Partnership"), of which Bluerock Homes Trust, Inc. (the "Issuer") is the general partner. After a one year holding period (including any period during which the OP Units were held), OP Units may be redeemed for cash or, at the option of the Issuer, for shares of the Issuer's Class A Common Stock, on a one-for-one basis. These OP Units are owned by a trust of which the Reporting Person is a beneficiary.
FAQ
What insider transactions does Bluerock Homes Trust (BHM) report in this Form 4?
The filing reports three indirect purchases of OP Units by a trust associated with President Ruddy Jordan B., totaling 265,000, 18,772 and 96,618 units. After these trades, the trust holds 507,057 OP Units linked to Bluerock Homes Trust’s Class A common stock.
Who is the reporting person in Bluerock Homes Trust (BHM) Form 4?
The reporting person is Ruddy Jordan B., an officer serving as President of Bluerock Homes Trust, Inc. The reported OP Units are owned indirectly through a trust in which he is a beneficiary, rather than being held directly in his own name.
What are OP Units in the Bluerock Homes Trust (BHM) Form 4 filing?
The OP Units are common units of Bluerock Residential Holdings, LP, the Operating Partnership of Bluerock Homes Trust. After a one‑year holding period, each OP Unit can be redeemed for cash or, at the issuer’s option, exchanged one‑for‑one into Class A common stock.
Are the Bluerock Homes Trust (BHM) OP Unit holdings direct or indirect for the reporting person?
The OP Unit holdings are reported as indirect. They are owned by a trust of which the reporting person, President Ruddy Jordan B., is a beneficiary. The Form 4 classifies the ownership type as indirect with a reference to the explanatory footnote.
How can the OP Units in Bluerock Homes Trust (BHM) Form 4 convert into common stock?
After a one‑year holding period, each OP Unit may be redeemed for cash or, at Bluerock Homes Trust’s option, exchanged for one share of its Class A common stock. The issuer decides whether redemption is in cash or stock upon a redemption request.