Comstock (CHCI) insider sale: COO disposes 905 Class A shares

Rhea-AI Filing Summary

Comstock Holding Companies, Inc. (CHCI) insider filing shows Timothy Steffan, the company's Chief Operating Officer, reported a sale of 905 shares of Class A common stock on 08/15/2025 at a reported price of $14.99 per share. After the sale, Mr. Steffan beneficially owned 95,994 shares, held directly. The Form 4 was signed and dated 08/18/2025. No derivative transactions or additional remarks were reported on the form.

Insights

Securities Analyst

TL;DR: A routine insider sale by the COO—small volume relative to total holdings; no derivatives or new plans disclosed.

The filing documents a single non-derivative sale of 905 Class A shares at $14.99 on 08/15/2025 by Timothy Steffan, the Chief Operating Officer. His post-transaction direct beneficial ownership is 95,994 shares. The transaction is reported under Form 4 and contains no additional explanatory remarks, option exercises, or plan-based trades. Given the limited size and lack of accompanying disclosures, this appears to be a routine disposition rather than a material corporate development.

Corporate Governance Expert

TL;DR: Compliance filing shows timely reporting of an open-market sale; documentation is straightforward and complete.

The Form 4 indicates timely reporting (filed with signature dated 08/18/2025) of a sale executed on 08/15/2025. There are no amendments, no derivative positions, and no indication the sale was pursuant to a Rule 10b5-1 plan. For governance review, the form provides the necessary disclosure of the officer's direct holdings before and after the trade but includes no narrative on purpose or intent, which is typical for Form 4 submissions.

Insider Trade Summary

Net Seller: 905 shares ($13,566)

Net Sell 1 txn

Insider Steffan Timothy

Role Chief Operating Officer

Sold 905 shs ($14K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock, $0.01 par value	905	$14.99	$14K

Holdings After Transaction: Class A Common Stock, $0.01 par value — 95,994 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/18/2025 - 06:15 PM Learn about SEC filing dates

FAQ

What transaction did CHCI COO Timothy Steffan report on Form 4?

He reported a sale of 905 shares of Class A common stock on 08/15/2025 at $14.99 per share.

How many CHCI shares does Timothy Steffan beneficially own after the reported transaction?

The filing reports he beneficially owns 95,994 shares following the reported sale.

When was the Form 4 signed for the CHCI insider transaction?

The Form 4 bears the reporting person's signature dated 08/18/2025.

Were any derivative securities reported in this CHCI Form 4?

No. The filing contains no entries in Table II and reports only a non-derivative sale.

Was the CHCI transaction reported as part of a 10b5-1 trading plan?

The Form 4 does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) plan.

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 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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		S		905	D	$14.99	95,994	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:

Remarks:

	/s/ Timothy J. Steffan	08/18/2025
	** 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.