JBG SMITH (JBGS) Insider Sale: Museles Disposes 4,622 Shares

Rhea-AI Filing Summary

Steven A. Museles, Chief Legal Officer and Corporate Secretary of JBG SMITH Properties (JBGS), reported a sale of 4,622 common shares on 09/02/2025 at a reported price of $21.17 per share. After the sale, his reported beneficial ownership is 1,295 shares, held directly. The filing notes those holdings include a prior acquisition of 95 shares through the issuer's dividend reinvestment and share purchase program. The Form 4 was signed on 09/03/2025 and identifies Museles as both an officer and director of the issuer.

Positive

• Full disclosure of transaction details: transaction date, price, and post-transaction holdings are reported
• Includes explanation that 95 shares were acquired via the issuer's dividend reinvestment and share purchase program
• Form is signed and dated, indicating a completed filing

Negative

• Insider disposition: sale of 4,622 shares reduced the reporting person's direct holdings to 1,295 shares
• No indication of a 10b5-1 plan or other planned trading arrangement disclosed in the form

Insights

Securities/Fundamental Analyst

TL;DR: A routine insider sale by a senior officer; transaction size appears modest relative to typical issuer market caps.

The filing documents a direct sale of 4,622 common shares at $21.17 each, leaving 1,295 shares beneficially owned. The disclosure is complete for the reported transaction and includes an explanation that 95 of the remaining shares were acquired via the company's dividend reinvestment program. From a trading-impact perspective, this is a standard insider disposition rather than an acquisition and the filing provides the necessary detail for market participants to record the change in insider holdings.

Corporate Governance Expert

TL;DR: Insider sold shares and filed a Form 4 promptly; no additional governance issues are disclosed.

The reporting person is identified as an officer and director, and the Form 4 shows the transaction date and reported price, with a manual signature on the subsequent day. The filing includes an explanatory note about share acquisition through the issuer's dividend reinvestment and share purchase program. The document does not indicate any planned-trading designation or internal trading plan; it simply records a completed sale and the then-current direct holdings.

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^*

MUSELES STEVEN A

(Last) (First) (Middle)

C/O JBG SMITH PROPERTIES

4747 BETHESDA AVENUE, SUITE 200

(Street)

BETHESDA MD 20814

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
JBG SMITH Properties [ JBGS ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Off. & Corp. Secy

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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 Shares	09/02/2025		S		4,622	D	$21.17	1,295(1)	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. Includes the prior acquisition of an additional 95 Common Shares through the Issuer's direct dividend reinvestment and share purchase program, which are held directly by the reporting person.

	/s/ Steven A. Museles	09/03/2025
	** 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 transaction did Steven A. Museles report on Form 4 for JBGS?

He reported a sale of 4,622 common shares on 09/02/2025 at a price of $21.17 per share.

How many JBGS shares does Museles beneficially own after the reported transaction?

The Form 4 reports 1,295 common shares beneficially owned following the sale.

What positions does the reporting person hold at JBG SMITH Properties?

The filing identifies Steven A. Museles as an Officer (Chief Legal Officer & Corporate Secretary) and a Director.

Does the Form 4 explain any recent acquisitions included in the holdings?

Yes. It states 95 shares were acquired through the issuer's dividend reinvestment and share purchase program and are held directly.

When was the Form 4 signed?

The Form 4 bears the reporting person's signature dated 09/03/2025.

Was a 10b5-1 trading plan checkbox marked on the form?

The document does not indicate that a 10b5-1 plan box was checked; no planned-trading designation is shown in the provided content.