Form 4: JBG SMITH Director Robert Stewart Reports Pre-Planned Gift of 75,000 OP Units

JBG SMITH Properties Director Robert Alexander Stewart reported a pre-planned gift of 75,000 Operating Partnership Units, effective June 30, 2025, to an LLC he solely controls.

Summary

• Robert Alexander Stewart, a Director of JBG SMITH Properties (JBGS), filed a Form 4 on July 2, 2025.
• The filing reports a pre-planned gift of 75,000 Operating Partnership Units (OP Units) scheduled to occur on June 30, 2025.
• The transaction is a gift (Code G) with a reported price of $0 per unit.
• The OP Units are being gifted by Mr. Stewart's spouse to Stewart Holdings II LLC, an entity of which Mr. Stewart is the sole member.
• Each OP Unit is redeemable by the holder for one common share of JBG SMITH Properties or the cash value of a common share, at the Issuer's option.
• This transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was a pre-arranged transaction.
• Following this planned transaction, Mr. Stewart's indirect beneficial ownership through Stewart Holdings II LLC will increase by 75,000 OP Units.
• Mr. Stewart also beneficially owns 756,631 OP Units indirectly through Nomad Capital, LLC, and 14,118 OP Units directly.

Sentiment

Score: 5

Explanation: A neutral event. A gift of shares is not inherently positive or negative for the company's performance, but it reflects a change in the insider's ownership structure. The pre-planned nature under 10b5-1 is standard practice.

Positives

• The transaction was pre-planned under a Rule 10b5-1(c) plan, indicating a structured and compliant approach to insider transactions.
• The transfer of units to an entity solely controlled by Mr. Stewart consolidates his indirect beneficial ownership.

Future Outlook

The document details a specific future transaction: a pre-planned gift of 75,000 Operating Partnership Units scheduled for June 30, 2025. This transaction is being executed under a Rule 10b5-1 plan. No broader future outlook or guidance for the company's performance is provided.

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in beneficial ownership and does not provide information relevant to broader industry trends or competitive analysis.

Related Party Transactions

• A gift of 75,000 Operating Partnership Units from Mr. Stewart's spouse to Stewart Holdings II LLC, an entity solely controlled by Mr. Stewart, constitutes a related party transaction.

Stakeholder Impact

• The primary impact is on the reporting person's indirect beneficial ownership structure. There is no direct material impact on other stakeholders such as shareholders, employees, customers, suppliers, or creditors from this specific transaction.

Key Dates

Keywords

JBG SMITH Properties, JBGS, Form 4, Insider Transaction, Beneficial Ownership, Operating Partnership Units, OP Units, Robert Alexander Stewart, Director, Gift, Rule 10b5-1