Angela Valdes (JBGS) reports sale of 4,775 shares on Form 4

Rhea-AI Filing Summary

JBG SMITH Properties officer Angela Valdes reported a sale of 4,775 common shares on 09/09/2025 at a reported price of $23.04 per share. The Form 4 shows 0 shares beneficially owned following the transaction and the filing was signed by an attorney-in-fact on 09/11/2025. The form identifies Valdes as Chief Accounting Officer and a reporting officer of JBGS.

Positive

• None.

Negative

• Officer sold 4,775 shares at $23.04 on 09/09/2025, leaving 0 shares beneficially owned per the filing
• No Rule 10b5-1 plan or explanatory language provided in the filing to indicate preplanned sale

Insights

Financial Analyst

TL;DR: Officer sale of 4,775 shares at $23.04, leaving zero reported holdings; transaction is a straightforward disclosure.

The filing documents a single non-derivative sale by Chief Accounting Officer Angela Valdes on 09/09/2025 for 4,775 common shares at $23.04 per share. Post-transaction beneficial ownership is reported as zero. There are no derivative transactions, amendments, or additional transactions disclosed. The disclosure meets Section 16 reporting requirements and contains a standard attorney-in-fact signature.

Corporate Governance Expert

TL;DR: Routine Form 4 insider sale; disclosure is complete but provides no context on plan or rationale.

The Form 4 identifies the reporting person and relationship to the issuer and records a single sale coded as 'S'. It does not reference a Rule 10b5-1 plan or any indirect holdings. The document appears procedurally complete with the required signature; no additional governance issues or irregularities are evident from the text provided.

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^*

Valdes Angela

(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 Accounting Officer

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

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	09/09/2025		S		4,775	D	$23.04	0	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:

	/s/ Steven A. Museles, attorney-in-fact	09/11/2025
	** 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 Angela Valdes report on the Form 4 for JBGS?

The Form 4 reports a sale of 4,775 common shares on 09/09/2025 at $23.04 per share.

How many JBGS shares does the reporting person own after the transaction?

The filing reports 0 shares beneficially owned following the reported transaction.

What is Angela Valdes's role at JBG SMITH Properties (JBGS)?

The Form 4 identifies Angela Valdes as the company's Chief Accounting Officer and an officer reporting person.

When was the Form 4 signed and by whom?

The Form 4 was signed by Steven A. Museles, attorney-in-fact on 09/11/2025.

Does the Form 4 show any derivative transactions or amendments?

No. The filing contains only a single non-derivative sale and no amendments or derivative transactions are reported.