[Form 4] Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interests Insider Trading Activity

Rhea-AI Filing Summary

Director Stephen Rosenberg of Greystone Housing Impact Investors LP reported acquiring 6,568 restricted Beneficial Unit Certificates on June 23, 2025. The units were granted under the company's Amended and Restated 2015 Equity Incentive Plan with a $0 exercise price.

Key details of the transaction:

• The restricted units will vest in four equal installments on November 30 of 2026, 2027, 2028, and 2029
• Following the transaction, Rosenberg owns 23,740 units directly and 14,709 units indirectly through an IRA
• Total beneficial ownership stands at 38,449 units

This grant represents a long-term equity incentive aligning the director's interests with those of unitholders through a four-year vesting schedule.

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).

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^*

ROSENBERG STEPHEN

(Last) (First) (Middle)

14301 FNB PARKWAY

SUITE 211

(Street)

OMAHA NE 68154

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Greystone Housing Impact Investors LP [ GHI ]

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)
06/23/2025

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
Beneficial Unit Certificates	06/23/2025		A(1)		6,568(1)	A	$0	23,740	D
Beneficial Unit Certificates								14,709	I	By IRA

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. Restricted units granted pursuant to the Amended and Restated Greystone Housing Impact Investors LP 2015 Equity Incentive Plan. One-fourth of the aggregate number of restricted units vest on each November 30, 2026, 2027, 2028 and 2029.

	/s/ Stephen Rosenberg	06/24/2025
	** 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

How many restricted units did GHI director Stephen Rosenberg receive on June 23, 2025?

Stephen Rosenberg received 6,568 restricted units of GHI (Beneficial Unit Certificates) on June 23, 2025, granted pursuant to the Amended and Restated Greystone Housing Impact Investors LP 2015 Equity Incentive Plan.

What is the vesting schedule for GHI's restricted units granted to Stephen Rosenberg?

The restricted units will vest in four equal installments, with one-fourth of the units vesting on each of the following dates: November 30, 2026, November 30, 2027, November 30, 2028, and November 30, 2029.

How many GHI units does Stephen Rosenberg own directly and indirectly as of June 2025?

Following the transaction, Stephen Rosenberg owns 23,740 units directly and 14,709 units indirectly through his IRA, for a total beneficial ownership of 38,449 units of GHI.

What was the purchase price of GHI restricted units granted to Stephen Rosenberg?

The restricted units were granted at a price of $0, as they were awarded as part of the company's equity incentive plan rather than purchased on the open market.