Robert Alexander Stewart - Nov 17, 2025 Form 4 Insider Report for JBG SMITH Properties (JBGS)

Role
Director
Signature
/s/ Steven A. Museles, attorney-in-fact
Stock symbol
JBGS
Transactions as of
Nov 17, 2025
Transactions value $
$0
Form type
4
Date filed
11/17/2025, 04:05 PM
Previous filing
Jul 2, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Stewart Robert Alexander Director C/O JBG SMITH PROPERTIES, 4747 BETHESDA AVENUE, SUITE 200, BETHESDA /s/ Steven A. Museles, attorney-in-fact 2025-11-17 0001708865

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JBGS Common Shares Conversion of derivative security +200K 200K Nov 17, 2025 Nomad Capital, LLC F1
holding JBGS Common Shares 30K Nov 17, 2025 The Robert Alexander Stewart Revocable Trust F2
holding JBGS Common Shares 20.5K Nov 17, 2025 Direct

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 OP Units Conversion of derivative security -200K -26.43% 557K Nov 17, 2025 Common Shares 200K Nomad Capital, LLC F1
holding JBGS OP Units 75K Nov 17, 2025 Common Shares 75K Stewart Holdings II LLC F1
holding JBGS OP Units 14.1K Nov 17, 2025 Common Shares 14.1K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Operating Partnership Unit ("OP Unit") in JBG SMITH Properties LP, the operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable, once vested, by the holder for one common share of the Issuer, par value $0.01 (a "Common Share"), or the cash value of a Common Share, at the Issuer's option. This transaction represents solely a redemption of OP Units for Common Shares. No sale or monetization of securities has occurred. Upon the conversion of the OP Units, each of Mr. Stewart's corresponding Class B Shares were automatically redeemed and cancelled by the Issuer for no consideration. Class B Shares of the Issuer have no economic rights and are not listed on a stock exchange.
F2 Mr. Stewart is the sole trustee and beneficiary of the Robert Alexander Stewart Revocable Trust.