Janus Living (JAN) CIO awarded 15,000 LTIP incentive units tied to IPO

Rhea-AI Filing Summary

Janus Living, Inc. reported that Chief Investment Officer Adam G. Mabry received a grant of 15,000 LTIP Units on March 23, 2026 as compensation. These long-term incentive units were granted at $0.00 per unit and are fully vested.

The LTIP Units are interests in Janus Living OP, LLC that can convert into OP Units and, ultimately, can be redeemed for cash equal to the value of, or converted on a one-for-one basis into, shares of the company’s Class A-1 common stock, with no expiration date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mabry Adam G

Role CHIEF INVESTMENT OFFICER

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	15,000	$0.00	--

Holdings After Transaction: LTIP Units — 15,000 shares (Direct)

Footnotes (1)

1. Represents a class of common units of membership interest in Janus Living OP, LLC, ("Janus OP"), the operating subsidiary of the Issuer, designated as LTIP Units ("LTIP Units") intended to qualify as profits interests for U.S. federal income tax purposes. LTIP Units do not have an expiration date. Upon achieving equivalent capital account balance per unit and any applicable vesting conditions, the LTIP Units are convertible at the election of the holder into common units of membership interest in Janus OP (the "OP Units"). The OP Units are redeemable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Class A-1 Common Stock or, at the option of Janus OP, convertible to shares of the Issuer's Class A-1 Common Stock on a one-for-one basis, and have no expiration date. Represents fully vested LTIP Units granted in connection with the Issuer's initial public offering of Class A-1 Common Stock.

Form 4 Insider Transactions: What Each Field Means →

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^*

Mabry Adam G

(Last) (First) (Middle)

C/O JANUS LIVING, INC.

4600 SOUTH SYRACUSE STREET, SUITE 500

(Street)

DENVER COLORADO 80237

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Janus Living, Inc. [ JAN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
LTIP Units	(1)	03/23/2026		A(2)		15,000		(2)	(1)	Class A-1 Common Stock	15,000	$0	15,000	D

Explanation of Responses:

1. Represents a class of common units of membership interest in Janus Living OP, LLC, ("Janus OP"), the operating subsidiary of the Issuer, designated as LTIP Units ("LTIP Units") intended to qualify as profits interests for U.S. federal income tax purposes. LTIP Units do not have an expiration date. Upon achieving equivalent capital account balance per unit and any applicable vesting conditions, the LTIP Units are convertible at the election of the holder into common units of membership interest in Janus OP (the "OP Units"). The OP Units are redeemable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Class A-1 Common Stock or, at the option of Janus OP, convertible to shares of the Issuer's Class A-1 Common Stock on a one-for-one basis, and have no expiration date.

2. Represents fully vested LTIP Units granted in connection with the Issuer's initial public offering of Class A-1 Common Stock.

	/s/ Carol B. Samaan, as Attorney-in-Fact, for Adam G. Mabry	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did JAN report for Adam G. Mabry?

Janus Living reported that Chief Investment Officer Adam G. Mabry received a grant of 15,000 LTIP Units. The award was made at $0.00 per unit and represents fully vested long-term incentive compensation tied to the company’s Class A-1 common stock structure.

What are LTIP Units in Janus Living, Inc. (JAN)?

LTIP Units are a class of common units in Janus Living OP, LLC intended to qualify as profits interests. After meeting capital account and vesting conditions, they can convert into OP Units, which are ultimately linked one-for-one to Class A-1 common stock value.

How can Janus Living (JAN) LTIP Units be converted into common stock?

Once capital account and vesting conditions are met, LTIP Units convert into OP Units. OP Units may be redeemed for cash equal to one Class A-1 common share’s fair market value or, at Janus OP’s option, converted into Class A-1 common stock on a one-for-one basis.

Do the Janus Living (JAN) LTIP Units granted to Adam G. Mabry expire?

The LTIP Units have no expiration date. After they achieve the required capital account balance and satisfy vesting conditions, they can be converted into OP Units and ultimately tied to Class A-1 common stock value without a stated end date.

Why were 15,000 LTIP Units granted in connection with JAN’s IPO?

The 15,000 LTIP Units granted to Adam G. Mabry were described as fully vested awards made in connection with Janus Living’s initial public offering of Class A-1 common stock, aligning executive incentives with the newly public equity structure.