JBG SMITH Insider Sale: Laucks Disposes of All Reported Holdings

Rhea-AI Filing Summary

Xanders George Laucks, listed as Chief Investment Officer and a director of JBG SMITH Properties (JBGS), reported two open-market sales of company common shares. On 09/11/2025 he sold 2,750 shares at a weighted-average price of $23.48, leaving 4,000 shares beneficially owned immediately after that transaction. On 09/12/2025 he sold 4,000 shares at a weighted-average price of $23.44, resulting in 0 shares beneficially owned following the reported transactions. The form is signed by attorney-in-fact Steven A. Museles dated 09/15/2025. Footnotes state the reported prices are weighted averages from multiple trades within small price ranges and that the reporting person will provide details on request.

Positive

• Complete transaction disclosure with dates, share counts, and weighted-average prices provided
• Footnote commitment to supply per-trade allocation within the disclosed price ranges on request
• Signed filing (attorney-in-fact signature) indicating formal submission

Negative

• No disclosure on whether these sales were made pursuant to a Rule 10b5-1 plan or other pre-arranged plan
• Insider holdings reduced to zero after the second sale, which may be material for some investors seeking insider alignment

Insights

Securities Analyst

TL;DR: Insider sold all reported holdings over two days via market transactions at ~$23.45 weighted-average prices.

The Form 4 discloses routine open-market sales by a named officer and director. The transactions are quantified precisely: 2,750 shares on 09/11/2025 at a weighted average of $23.48 and 4,000 shares on 09/12/2025 at a weighted average of $23.44, leaving zero reported beneficial ownership after the second sale. The filing includes standard explanatory footnotes about weighted-average pricing and provides an attorney-in-fact signature. This disclosure is material only insofar as it informs shareholders of insider liquidity; the form contains no information on motives, any related plans, or other company events.

Corporate Governance Expert

TL;DR: Officer/director executed small-volume disposals with full post-transaction reporting; governance disclosure appears complete.

The filing identifies the reporting person, role (Chief Investment Officer and director), business address, exact trade dates and share counts, and includes attestation via attorney-in-fact. Footnotes commit to providing per-trade allocation within reported price ranges on request, which supports record transparency. The document does not disclose any 10b5-1 plan indicator or other contextual governance arrangements.

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^*

Xanders George Laucks

(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 Investment Officer

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 Shares	09/11/2025		S		2,750	D	$23.48(1)	4,000	D
Common Shares	09/12/2025		S		4,000	D	$23.44(2)	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:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.47 to $23.48, inclusive. The reporting person undertakes to provide to JBG SMITH Properties, any security holder of JBG SMITH Properties, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.42 to $23.45, inclusive. The reporting person undertakes to provide to JBG SMITH Properties, any security holder of JBG SMITH Properties, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

	/s/ Steven A. Museles, attorney-in-fact	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 trades did Xanders Laucks report for JBGS?

He reported selling 2,750 shares on 09/11/2025 at a weighted-average price of $23.48 and selling 4,000 shares on 09/12/2025 at a weighted-average price of $23.44.

How many JBGS shares does Xanders Laucks own after the reported transactions?

The Form 4 reports 0 shares beneficially owned following the 09/12/2025 transaction.

Who signed the Form 4 for Xanders Laucks?

The form is signed by attorney-in-fact Steven A. Museles dated 09/15/2025.

Are the reported sale prices exact per-trade prices?

The filing states the prices are weighted averages from multiple trades and provides price ranges for each sale; the filer offers to provide per-trade allocations on request.

Does the Form 4 indicate these sales were part of a 10b5-1 plan?

The filing does not indicate that the transactions were made pursuant to a Rule 10b5-1 plan.