Paul Richards now holds over 25,400 shares of common stock following the latest vesting event tied to a 2023 equity award.

April 15, 2026

Paul Richards, Chief Financial Officer, Assistant Secretary, and Treasurer of VineBrook Homes Trust, Inc., reported changes to his beneficial ownership of company securities in a statement filed with the Securities and Exchange Commission on April 14, 2026.

Conversion and Disposition Details

On April 11, 2026, Richards converted 1,561.5 restricted stock units into an equal number of shares of common stock. Each unit represented a contingent right to receive one share of VineBrook common stock. The conversion was classified under transaction code M, indicating the exercise or conversion of a derivative security.

On the same date, Richards disposed of 679.737 shares at a price of $54.88 per share. This transaction, classified under code F, indicates that shares were withheld by the issuer to satisfy tax obligations triggered by the vesting event — a routine mechanism in equity compensation arrangements.

Post-Transaction Holdings

Following both transactions, Richards directly held 25,402.907 shares of common stock. He also retained 7,807.5 unvested restricted stock units.

Vesting Schedule and Grant Background

The restricted stock units stem from a grant of 12,492 units made on April 11, 2023. The award follows a structured vesting timeline:

• One-eighth vested on each of April 11, 2024, April 11, 2025, and April 11, 2026.
• One-eighth is scheduled to vest on April 11, 2027.
• The remaining half will vest upon the earlier of two events: the successful completion of an initial public offering by VineBrook Homes Trust or the final time-based vesting date of April 11, 2027.

Settlement of vested units generally occurs within 10 days of vesting and may, at the discretion of the Compensation Committee, be settled in cash rather than shares.

Company Context

Richards serves as an officer of VineBrook Homes Trust, a Dallas-based single-family rental real estate investment trust that does not have publicly traded securities on any exchange. The company recently secured a $15 million revolving credit facility through The Ohio State Life Insurance Company, as previously reported.