[Form 4] Comstock Holding Companies, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Christopher M. Guthrie, Chief Financial Officer & EVP of Comstock Holding Companies, Inc. (CHCI), reported two open-market sales on August 12 and August 13, 2025. On 08/12/2025 he sold 4,367 shares at a weighted-average price of $14.8151, reducing his beneficial ownership to 119,545 shares. On 08/13/2025 he sold 1,633 shares at $15.0744, leaving 117,912 shares beneficially owned. The filing states the 08/12 transaction consisted of multiple trades at prices between $14.75 and $15.00 and the reporter will provide trade-level details upon request. The Form 4 is signed and filed by the reporting person.

Positive

• Timely and specific disclosure of insider transactions with exact share counts and weighted-average price
• Reporting person offers to provide trade-level details upon request, enhancing transparency

Negative

• Officer disposed of shares (total of 6,000 shares sold), which reduces executive ownership
• No Rule 10b5-1 plan or rationale disclosed in the filing, so the motivation for the sales is unspecified

Insights

Financial Analyst

TL;DR: Routine officer sales disclosed; transactions are specific and fully reported but do not include context on rationale.

Guthrie executed two small open-market sales totaling 6,000 shares across two days at ~ $14.82 and $15.07 per share, with the filer documenting a weighted-average price and offering to supply trade-level details on request. The disclosure follows Section 16 requirements and provides precise post-transaction beneficial ownership counts. Without additional firm-level context or a trading plan reference, these appear as routine disposition activity rather than an indicator of corporate change.

Corporate Governance Expert

TL;DR: Filing shows timely disclosure by an executive; documentation meets Form 4 standards but gives no explanation for sales.

The Form 4 identifies Guthrie as CFO & EVP and records two separate sale dates with explicit share counts, prices, and resulting ownership. The reporting person executed multiple trades on 08/12/2025 and provided the weighted-average price plus an undertaking to furnish detailed trade data if requested, which supports transparency. The filing does not state a Rule 10b5-1 plan or other pre-arranged instruction, so no affirmative defense is claimed in the form.

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^*

Guthrie Christopher Michael

(Last) (First) (Middle)

1900 RESTON METRO PLAZA

10TH FLOOR

(Street)

RESTON VA 20190

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Comstock Holding Companies, Inc. [ CHCI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer & EVP

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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
Class A Common Stock, $0.01 par value	08/12/2025		S		4,367	D	$14.8151(1)	119,545	D
Class A Common Stock, $0.01 par value	08/13/2025		S		1,633	D	$15.0744	117,912	D

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

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $14.75 USD to $15.00 USD; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes, upon request, to provide to Comstock Holding Companies, Inc. (the "Issuer"), any security holder ofthe Issuer, or the Securities and Exchange Commission, full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ Christopher M. Guthrie	08/14/2025
	** 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.

FAQ

What insider transactions did CHCI insider Christopher M. Guthrie report?

Guthrie reported two open-market sales: 4,367 shares on 08/12/2025 at a weighted-average price of $14.8151 and 1,633 shares on 08/13/2025 at $15.0744.

How many CHCI shares does Christopher M. Guthrie own after these transactions?

The filing reports beneficial ownership of 119,545 shares after the 08/12 sale and 117,912 shares after the 08/13 sale.

Did the Form 4 indicate the 08/12 sale involved multiple trades?

Yes. The filing states the 08/12 transaction was executed in multiple trades at prices ranging from $14.75 to $15.00 and shows a weighted-average price.

Does the Form 4 claim the sales were made under a 10b5-1 trading plan?

No. The Form 4 does not indicate that the transactions were made pursuant to a Rule 10b5-1 plan or any pre-arranged instruction.

Who signed and filed the Form 4 for these transactions?

The Form 4 is signed by /s/ Christopher M. Guthrie with the signature date 08/14/2025.