Comstock (CHCI) Form 4: Timothy Steffan Sells 4,611 Shares

Rhea-AI Filing Summary

Comstock Holding Companies insider sale: Timothy J. Steffan, Chief Operating Officer, reported the sale of 4,611 shares of Class A common stock on 08/12/2025 at a weighted-average sale price of $14.79 per share. After the transactions, Steffan beneficially owned 96,899 shares. The filing states the trades were executed in multiple transactions at prices ranging from $14.75 to $14.81, and the reported price is the weighted average. The report is a Form 4 disclosure of a non-derivative sale by an officer and provides the signer and date of signature.

Positive

• Timely disclosure of the transaction on a Form 4, including signature and date
• Detailed pricing transparency: weighted-average sale price and execution range ($14.75–$14.81)

Negative

• Officer sale of 4,611 Class A shares, reducing insider holdings
• No information in the filing about the purpose of the sale or any subsequent plans

Insights

Securities Analyst

TL;DR: Officer sale of 4,611 shares at a $14.79 weighted average; disclosure is routine and informative for holders.

The Form 4 shows an open-market disposition by the COO rather than derivative exercise or transfer to affiliates. The transaction size (4,611 shares) and resulting holding (96,899 shares) are clearly disclosed, with the filing noting execution across multiple trades at $14.75 to $14.81. From a market-impact perspective, the sale is small relative to typical public-company float sizes and is primarily noteworthy for transparency rather than signaling material change.

Corporate Governance Expert

TL;DR: Timely, detailed Form 4 filing; provides required transparency on officer dispositions and pricing range.

The report meets Section 16 disclosure requirements by detailing the officer role, exact share counts, and pricing information including the weighted average and price range. The signer certified the filing on 08/14/2025. This documentation supports good governance practices by making insider activity visible to shareholders and regulators.

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)
08/12/2025

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		4,611	D	$14.79(1)	96,899	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 $14.81 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/ Timothy J. Steffan	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 did Comstock Holding Companies (CHCI) insider Timothy Steffan report on Form 4?

The filing reports that COO Timothy J. Steffan sold 4,611 shares of Class A common stock on 08/12/2025.

At what price were the CHCI shares sold in the Form 4 transaction?

The weighted-average sale price reported was $14.79 per share, with execution prices ranging from $14.75 to $14.81.

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

After the sale, the Form 4 shows Steffan beneficially owned 96,899 shares of Class A common stock.

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

The Form 4 was signed by Timothy J. Steffan on 08/14/2025.

Does the Form 4 indicate these were open-market trades or plan-based sales?

The transaction code reported is S, indicating sales; the form notes multiple trades and a weighted-average price but does not state a 10b5-1 plan was used.