| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AHH | Common Stock | Purchase | $386K | +50K | +72.01% | $7.73 | 119K | Mar 25, 2025 | Direct | F1 |
| holding | AHH | Common Stock | 49.3K | Mar 25, 2025 | By Spouse | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | AHH | Common Units | 1.24M | Mar 25, 2025 | Common Stock | 1.24M | Direct | F3, F4 | ||||||
| holding | AHH | Common Units | 39.3K | Mar 25, 2025 | Common Stock | 39.3K | By Spouse | F2, F3, F4 | ||||||
| holding | AHH | Common Units | 91 | Mar 25, 2025 | Common Stock | 91 | By Limited Partnership | F3, F4, F5 | ||||||
| holding | AHH | Time-Based LTIP Units | 9.63K | Mar 25, 2025 | Common Stock | 9.63K | Direct | F4, F6 |
| Id | Content |
|---|---|
| F1 | The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $7.698 to $7.737, inclusive. The Reporting Person undertakes to provide to Armada Hoffler Properties, Inc. (the "Company"), any security holder of Armada Hoffler Properties, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4. |
| F2 | The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. |
| F3 | Represents common units of limited partnership interest ("Common Units") in Armada Hoffler, L.P. (the "Operating Partnership"), the operating partnership of the Company, and of which the Company is the general partner. All Common Units reflected in this report were issued more than one year prior to the date hereof and, therefore, may be tendered for redemption by the holder. |
| F4 | Each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. Common Units have no expiration date. |
| F5 | Represents Mr. Kirk's pecuniary interest in Common Units held by a limited partnership. |
| F6 | Represents Time-Based LTIP Units in the Operating Partnership ("Time-Based LTIP Units"). Under the limited partnership agreement of the Operating Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, following the date on which the Time-Based LTIP Units vest, Time-Based LTIP Units are convertible into Common Units in the Operating Partnership at the holder's option. Under the award agreement pursuant to which the Time-Based LTIP Units were granted to the reporting person, except in connection with a Change of Control (as defined in the OP Agreement), the Time-Based LTIP Units may not be converted to Common Units until two years following the date of grant. Time-Based LTIP Units have no expiration date. |