[Form 4] Hudson Pacific Properties, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Hudson Pacific Properties insider award recorded. Director T. Ritson Ferguson was reported as acquiring 20,979 shares of Hudson Pacific Properties, Inc. (HPP) on 09/11/2025 through an award of restricted stock units reflected at a $0 price. The Form 4 shows those shares are held directly and the reporting line indicates 20,979 shares beneficially owned following the transaction.

The filing includes an explanatory note that the restricted stock units will vest in three equal installments on the first, second and third anniversaries of May 20, 2025. The Form 4 was signed by an attorney-in-fact, Kay L. Tidwell, on 09/15/2025.

Positive

• Acquisition of 20,979 RSUs reported, indicating director alignment with shareholder interests through equity compensation
• Multi-year vesting (three equal installments) provides retention incentives and aligns the director's interests with long-term performance

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider received a standard equity award of 20,979 RSUs, increasing direct holdings without cash purchase.

The transaction is compensation-related rather than an open-market purchase or sale, as indicated by a $0 price and the vesting schedule. For investors this is routine director compensation and does not immediately change board control or capital structure. The direct beneficial ownership of 20,979 shares is disclosed, but the filing does not state prior holdings or percentage ownership, limiting assessment of materiality to shareholders.

Corporate Governance Expert

TL;DR: Director equity grant follows typical governance practice with multi-year vesting to align incentives.

The RSU award vesting in three equal annual installments starting May 20, 2025, suggests retention and alignment objectives. The Form 4 correctly reports acquisition date and ownership form (Direct). No departures, option exercises, or disposals are reported. Because the filing lacks context on total outstanding shares or the director's prior stake, the filing by itself appears routine and non-material to governance control.

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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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^*

FERGUSON T RITSON

(Last) (First) (Middle)

C/O HUDSON PACIFIC PROPERTIES, INC.

11601 WILSHIRE BLVD., NINTH FLOOR

(Street)

LOS ANGELES CA 90025

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hudson Pacific Properties, Inc. [ HPP ]

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)
09/11/2025

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
Common Stock, par value $0.01	09/11/2025		A		20,979(1)	A	$0	20,979	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. Award of restricted stock units will vest in three equal installments on the first, second and third anniversaries of May 20, 2025.

Remarks:

	/s/ Kay L. Tidwell, as Attorney-in-Fact for T. Ritson Ferguson	09/15/2025
	** 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 insider transaction did HPP director T. Ritson Ferguson report on Form 4?

The Form 4 reports an acquisition of 20,979 restricted stock units on 09/11/2025, recorded at a $0 price and held directly.

When do the restricted stock units for T. Ritson Ferguson vest?

The RSUs will vest in three equal installments on the first, second and third anniversaries of May 20, 2025.

Who signed the Form 4 for T. Ritson Ferguson and when?

The Form 4 was signed by Kay L. Tidwell, as Attorney-in-Fact, on 09/15/2025.

Does the Form 4 show a sale or open-market purchase by the director?

No. The Form 4 indicates an award acquisition at $0, consistent with equity compensation rather than an open-market purchase or sale.

How many shares does T. Ritson Ferguson beneficially own after the transaction?

The filing reports 20,979 shares beneficially owned following the reported transaction.