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

Rhea-AI Filing Summary

James A. MacCutcheon, a director of Comstock Holding Companies, Inc. (CHCI), reported sales of Class A common stock on August 11, 12 and 13, 2025. The Form 4 shows disposals of 25 shares on 08/11/2025 at a weighted average price of $15.00, 1,000 shares on 08/12/2025 at a weighted average price of $15.04, and 3,630 shares on 08/13/2025 at a weighted average price of $15.09. Following those transactions the filing reports beneficial ownership of 148,046, 147,046 and 143,416 shares respectively after each sale.

The reporting person filed the Form 4 individually and the filing includes an itemized non-derivative table; no derivative securities are reported. Explanatory footnotes state each trade was executed in multiple transactions and the reported prices are weighted-average sale prices, with the filer offering to provide detailed trade-level information upon request.

Insights

Securities Analyst

Director executed routine open-market sales totalling 4,655 CHCI Class A shares at ~ $15 per share; disclosure is complete and itemized.

The Form 4 documents direct sales on 08/11/2025 (25 shares at $15.00 weighted average), 08/12/2025 (1,000 shares at $15.04 weighted average) and 08/13/2025 (3,630 shares at $15.09 weighted average), leaving reported beneficial ownership of 143,416 shares after the final sale. Table II shows no derivative transactions. The filing includes explanatory footnotes that trades occurred in multiple executions and that the reporting person can provide detailed trade-level prices and quantities on request, which supports transparency. From a market-impact perspective, the sizes reported are explicit but the filing does not state any intent or planned program that would contextualize the sales.

Corporate Governance Expert

Insider sales were disclosed promptly and show direct ownership changes without reported derivatives, reflecting standard Section 16 compliance.

The reporting person is identified as a director and the form is signed and dated 08/13/2025. The Form 4 enumerates each non-derivative sale and the remaining beneficial holdings after each transaction, which aligns with disclosure obligations. The explanatory notes clarify that reported prices are weighted averages from multiple trades. No amendments or additional filings are presented here, and Table II contains no entries for derivative instruments, simplifying the ownership picture.

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
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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).

X

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^*

MACCUTCHEON JAMES A

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

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	08/11/2025		S		25	D	$15	148,046	D
Class A Common Stock, $0.01 par value	08/12/2025		S		1,000	D	$15.04(1)	147,046	D
Class A Common Stock, $0.01 par value	08/13/2025		S		3,630	D	$15.09(2)	143,416	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 $15.00 to $15.22 USD; the price reported above reflects the weighted averagesale 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 waseffected.

2. This transaction was executed in multiple trades at prices ranging from $15.00 to $15.29 USD; the price reported above reflects the weighted averagesale 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 waseffected.

Remarks:

	/s/ James A. MacCutcheon	08/13/2025
	** 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).
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