Steven A. Museles - Oct 15, 2025 Form 4 Insider Report for JBG SMITH Properties (JBGS)

Role
Chief Legal Off. & Corp. Secy
Signature
/s/ Steven A. Museles
Stock symbol
JBGS
Transactions as of
Oct 15, 2025
Transactions value $
$0
Form type
4
Date filed
10/17/2025, 04:09 PM
Previous filing
Sep 12, 2025
Next filing
Oct 31, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
MUSELES STEVEN A Chief Legal Off. & Corp. Secy C/O JBG SMITH PROPERTIES, 4747 BETHESDA AVENUE, SUITE 200, BETHESDA /s/ Steven A. Museles 2025-10-17 0001256324

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JBGS Common Shares Conversion of derivative security +31.3K 31.3K Oct 15, 2025 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JBGS LTIP Units Conversion of derivative security -31.3K -12.17% 226K Oct 15, 2025 Common Shares 31.3K Direct F1, F3
transaction JBGS OP Units Conversion of derivative security +31.3K 31.3K Oct 15, 2025 Common Shares 31.3K Direct F1, F2, F3
transaction JBGS OP Units Conversion of derivative security -31.3K -100% 0 Oct 15, 2025 Common Shares 31.3K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transactions represent solely a conversion of limited partnership units in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), designated as LTIP Units ("LTIP Units") into Operating Partnership Units ("OP Units") in the OP, and an exchange of OP Units into common shares of the Issuer, par value $0.01 ("Common Shares"). No sale or monetization of securities has occurred.
F2 Each OP Unit is redeemable, once vested, by the holder for one Common Share, or the cash value of a Common Share, at the Issuer's option.
F3 Limited partnership units in the OP designated as LTIP Units are a class of units in the OP that, if vested, are convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into an equal number of OP Units.