James C. Cherry - Jul 3, 2025 Form 4 Insider Report for Armada Hoffler Properties, Inc. (AHH)

Role
Director
Signature
/s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for James C. Cherry
Stock symbol
AHH
Transactions as of
Jul 3, 2025
Transactions value $
$0
Form type
4
Date filed
7/9/2025, 04:01 PM
Previous filing
Jun 23, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cherry James C. Director C/O ARMADA HOFFLER PROPERTIES, INC., 222 CENTRAL PARK AVENUE, SUITE 1000, VIRGINIA BEACH /s/ Matthew T. Barnes-Smith, as Attorney-in-Fact for James C. Cherry 2025-07-07 0001514107

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AHH Common Stock 52.3K Jul 3, 2025 Direct
holding AHH 6.75% Series A Preferred Stock 12K Jul 3, 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 AHH Time-Based LTIP Units Exercise of in-the-money or at-the-money derivative security $0 -4.65K -26.45% $0.00 12.9K Jul 3, 2025 Common Stock 4.65K Direct F1, F2, F3
transaction AHH Common Units Exercise of in-the-money or at-the-money derivative security $0 +4.65K $0.00 4.65K Jul 3, 2025 Common Stock 4.65K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Time-Based LTIP Units ("Time-Based LTIP Units") in the Armada Hoffler, L.P. (the "Operating Partnership"), the operating partnership of the Armada Hoffler Properties, Inc. (the "Company"), and of which the Company is the general partner. 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 of limited partnership interest in the Operating Partnership ("Common Units"), 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.
F2 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.
F3 Represents the conversion of Time-Based LTIP Units granted on June 28, 2023 in to Common Units.
F4 Represents Common Units. All Common Units reflected in this report may be tendered for redemption by the holder.