Janus Living (JAN) COO buys IPO shares and receives 12,500 LTIP Units

Rhea-AI Filing Summary

Janus Living, Inc. chief operating officer Jeffrey H. Miller increased his direct stake through both a share purchase and an equity award. He bought 7,500 shares of Class A-1 Common Stock in an open-market-style transaction from the underwriters at $20.00 per share in connection with the company’s initial public offering. He also received a grant of 12,500 LTIP Units, which are fully vested profits-interest units in Janus Living OP, LLC that can be converted into OP Units and ultimately into Class A-1 Common Stock on a one-for-one basis, with no expiration date.

Insider Trade Summary

Net Buyer: 7,500 shares ($150,000)

Net Buy 2 txns

Insider Miller Jeffrey H

Role CHIEF OPERATING OFFICER

Bought 7,500 shs ($150K)

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	12,500	$0.00	--
Purchase	Class A-1 Common Stock	7,500	$20.00	$150K

Holdings After Transaction: LTIP Units — 12,500 shares (Direct); Class A-1 Common Stock — 7,500 shares (Direct)

Footnotes (1)

1. Represents shares purchased from the underwriters in the Issuer's initial public offering of Class A-1 Common Stock ("IPO"). 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 IPO.

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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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^*

Miller Jeffrey H

(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 OPERATING 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
Class A-1 Common Stock	03/23/2026		P(1)		7,500	A	$20(1)	7,500	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
LTIP Units	(2)	03/23/2026		A(3)		12,500		(3)	(2)	Class A-1 Common Stock	12,500	$0	12,500	D

Explanation of Responses:

1. Represents shares purchased from the underwriters in the Issuer's initial public offering of Class A-1 Common Stock ("IPO").

2. 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.

3. Represents fully vested LTIP Units granted in connection with the IPO.

	/s/ Carol B. Samaan, as Attorney-in-Fact, for Jeffrey H. Miller	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 transactions did Janus Living (JAN) report for Jeffrey H. Miller?

Janus Living reported that COO Jeffrey H. Miller bought 7,500 shares of Class A-1 Common Stock at $20.00 per share and received 12,500 LTIP Units. Both positions are held directly and relate to the company’s initial public offering structure and equity incentives.

At what price did the Janus Living (JAN) COO buy Class A-1 Common Stock?

Jeffrey H. Miller purchased 7,500 shares of Janus Living’s Class A-1 Common Stock at $20.00 per share. The shares were bought from the IPO underwriters, meaning his purchase was tied directly to the company’s initial public offering allocation process rather than secondary market trading.

What are the 12,500 LTIP Units received by the Janus Living (JAN) COO?

The 12,500 LTIP Units are a class of common units in Janus Living OP, LLC intended to qualify as profits interests. They are fully vested, have no expiration date, and can convert into OP Units and then into Class A-1 Common Stock on a one-for-one basis at the holder’s election.

Are the LTIP Units granted to Janus Living (JAN) COO connected to the IPO?

Yes. The filing states the 12,500 LTIP Units granted to Jeffrey H. Miller represent fully vested LTIP Units granted in connection with the initial public offering. This links his equity incentive directly to the IPO transaction and the operating partnership structure beneath Janus Living.

How many Janus Living (JAN) Class A-1 shares does the COO own after these transactions?

After the reported transactions, Jeffrey H. Miller holds 7,500 shares of Class A-1 Common Stock directly. Separately, he holds 12,500 LTIP Units that are economically tied to Class A-1 Common Stock but remain as LTIP Units unless later converted through OP Units into shares.