Scott Kavanaugh - Mar 24, 2025 Form 4 Insider Report for VINEBROOK HOMES TRUST, INC. (NA)

Role
Director
Signature
/s/ Paul Richards, as attorney-in-fact for Scott Kavanaugh
Stock symbol
NA
Transactions as of
Mar 24, 2025
Transactions value $
$0
Form type
4
Date filed
4/7/2025, 09:38 PM
Previous filing
Mar 20, 2025
Next filing
Apr 7, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NA Common Stock Options Exercise +1.78K +19.43% 10.9K Apr 3, 2025 Direct F1
holding NA Common Stock 20.7K Mar 24, 2025 By Benefit Plan 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 NA Profits Interest Units Conversion of derivative security $0 -2.23K -100% $0.00 0 Mar 24, 2025 Class C OP Units 2.23K Direct F3, F4
transaction NA Class C OP Units Conversion of derivative security $0 +2.23K $0.00 2.23K Mar 24, 2025 Common Stock 2.23K Direct F4
transaction NA Restricted Stock Units Award $0 +2.2K $0.00 2.2K Apr 3, 2025 Common Stock 2.2K Direct F1, F5
transaction NA Restricted Stock Units Options Exercise $0 -1.78K -100% $0.00 0 Apr 3, 2025 Common Stock 1.78K Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of common stock of VineBrook Homes Trust, Inc. (the "Issuer").
F2 These shares are held in a defined benefit plan for the benefit of the reporting person.
F3 Represents Profits Interest Units ("Profits Units") in VineBrook Homes Operating Partnership, L.P., the Issuer's operating partnership (the "OP"). Each Profits Unit can be converted into one Class C common unit of the OP (an "OP Unit") in the OP following vesting; provided the book-up target (as defined in the OP limited partnership agreement) for the Profit Units equals zero. The Profits Units were granted on November 21, 2019 and fully vested on November 21, 2020. The Profits Units converted into OP Units on March 24, 2025.
F4 The OP Units are redeemable, beginning one year from issuance, for cash equal to the then-current market value of one share of the Issuer's common stock or, at the election of the Issuer, for shares of the Issuer's common stock on a one-for-one basis. Following the conversion of the Profits Units on March 24, 2025, the OP Units are fully vested. The OP Units have no expiration date.
F5 On April 3, 2025, the reporting person was granted 2,202 restricted stock units, which will vest on April 3, 2026. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.
F6 On April 3, 2024, the reporting person was granted 1,781 restricted stock units, which vested on April 3, 2025. Settlement will generally occur within 30 days of vesting and may at the discretion of the Compensation Committee be settled in cash.

Remarks:

Exhibit List: Exhibit 24 – Power of Attorney