Comstock COO exercises options, sells 9,740 shares

Comstock Holding Companies, Inc. Chief Operating Officer Timothy Steffan exercised stock options and sold a portion of the resulting shares.

Rhea-AI Filing Summary

Comstock Holding Companies, Inc. Chief Operating Officer Timothy Steffan exercised stock options and sold a portion of the resulting shares. He exercised options for 15,000 shares of Class A common stock at an exercise price of $3.30 per share, fully using this option grant. On the same date, he sold 9,740 shares of Class A common stock in open-market transactions at a weighted-average price of $15.6087 per share, with individual trade prices ranging from $15.17 to $16.11. Following these transactions, Steffan directly owns 115,767 shares of Class A common stock.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Steffan Timothy

Role Chief Operating Officer

Sold 9,740 shs ($152K)

Approx. gross sale proceeds $152K

Approx. exercise cost $50K

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	15,000	$0.00	$0.00
Exercise	Class A Common Stock, $0.01 par value	15,000	$3.30	$50K
Sale	Class A Common Stock, $0.01 par value	9,740	$15.6087	$152K

Holdings After Transaction: Stock Option (Right to Buy) — 20,000 contracts (Direct); Class A Common Stock, $0.01 par value — 115,767 shares (Direct)

Footnotes (2)

1. F1. This transaction was executed in multiple trades at prices ranging from $15.17 to $16.11; 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.
2. F2. The stock options vested in four (4) equal annual installments, beginning on 6/27/2019 (the first anniversary of the grant date) and became fully vested and exercisable on this date

FAQ

What did CHCI's COO Timothy Steffan do in this Form 4 filing?

Timothy Steffan exercised stock options for 15,000 CHCI shares and sold 9,740 shares in open-market trades. After these transactions, he directly holds 115,767 shares of Comstock Holding Companies, Inc. Class A common stock.

How many Comstock (CHCI) shares did the COO sell and at what price?

The COO sold 9,740 shares of CHCI Class A common stock at a weighted-average price of $15.6087 per share. Trades occurred in multiple executions, with individual prices ranging from $15.17 to $16.11, as disclosed in the footnote.

How many CHCI shares does the COO own after the reported transactions?

After completing the option exercise and subsequent sale, the COO directly owns 115,767 shares of Comstock Holding Companies, Inc. Class A common stock. This figure reflects his updated direct ownership position following all transactions reported in the Form 4.

What stock options did CHCI's COO exercise in this transaction?

He exercised stock options covering 15,000 shares of Class A common stock at an exercise price of $3.30 per share. The options vested in four equal annual installments beginning June 27, 2019, and were fully vested and exercisable on the transaction date.

Were the CHCI share sales by the COO a single trade or multiple trades?

The sale was executed in multiple trades, with prices ranging from $15.17 to $16.11 per share. The reported $15.6087 figure represents the weighted-average sale price across all these executions, according to the disclosed footnote.

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Accepted by SEC EDGAR 03/25/2026 - 07:28 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^*

Steffan Timothy

(Last) (First) (Middle)

1900 RESTON METRO PLAZA

10TH FLOOR

(Street)

RESTON VIRGINIA 20190

(City) (State) (Zip)

UNITED STATES

(Country)

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 Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/23/2026		M		15,000	A	$3.3	125,507	D
Class A Common Stock, $0.01 par value	03/23/2026		S		9,740	D	$15.6087(1)	115,767	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
Stock Option (Right to Buy)	$3.3	03/23/2026		M			15,000	06/27/2022(2)	06/27/2028	Class A Common Stock, $0.01 par value	15,000	$0.00	20,000	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $15.17 to $16.11; 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.

2. The stock options vested in four (4) equal annual installments, beginning on 6/27/2019 (the first anniversary of the grant date) and became fully vested and exercisable on this date

Remarks:

	/s/ Timothy J. Steffan	03/25/2026
	** 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.
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.
* Form 4: SEC 1474 (03-26)