Brinker Scott M 4

4 · Janus Living, Inc. · Filed Mar 24, 2026

AI-generated summary of this filing

Updated Mar 24, 2026

Janus Living (JAN) CEO Scott Brinker Buys 100,000 Shares

What Happened

Scott M. Brinker, President & CEO and a director of Janus Living (JAN), purchased 100,000 shares on 2026-03-23 at $20.00 per share for a total cash outlay of $2,000,000 (transaction code P).
On the same date he was also granted 25,000 LTIP units (transaction code A) with no cash paid (reported $0). The LTIP units were granted in connection with the company’s IPO and are reported as a derivative awards.

Key Details

Transaction date: 2026-03-23 (Form 4 filed 2026-03-24). Filing appears timely.
Purchase: 100,000 shares @ $20.00 = $2,000,000 (bought from underwriters in the IPO; see F1).
Award: 25,000 LTIP units @ $0 (derivative award, fully vested; see F3).
Post-transaction holdings: not specified in the supplied data.
Footnotes: F1 = shares purchased from IPO underwriters. F2 = LTIP Units are profits‑interest units in Janus Living OP, LLC that can convert to OP Units and ultimately to Class A-1 shares or cash; no expiration. F3 = these LTIP Units are fully vested and were granted in connection with the IPO.

Context

This is a direct purchase (often viewed as a positive signal because insiders are buying equity) combined with an IPO-related equity award.
The LTIP units are a derivative, not immediate tradable shares: they represent profits-interest units convertible to OP Units and potentially to Class A-1 shares or cash under specified conditions.

Form 4

Period: 2026-03-23

DirectorPRESIDENT & CEO

Transactions

Purchase
Class A-1 Common Stock
[F1]
2026-03-23$20.00/sh+100,000$2,000,000→ 100,000 total
Award
LTIP Units
[F2][F3]
2026-03-23+25,000→ 25,000 total
→ Class A-1 Common Stock (25,000 underlying)

Footnotes (3)

[F1]Represents shares purchased from the underwriters in the Issuer's initial public offering of Class A-1 Common Stock ("IPO").
[F2]Represents a class of common units of membership interest in Janus Living OP, LLC, ("Janus OP"), the operating subsidiary of the Issuer, designated as LTIP Units ("LTIP Units") intended to qualify as profits interests for U.S. federal income tax purposes. LTIP Units do not have an expiration date. Upon achieving equivalent capital account balance per unit and any applicable vesting conditions, the LTIP Units are convertible at the election of the holder into common units of membership interest in Janus OP (the "OP Units"). The OP Units are redeemable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's Class A-1 Common Stock or, at the option of Janus OP, convertible to shares of the Issuer's Class A-1 Common Stock on a one-for-one basis, and have no expiration date.
[F3]Represents fully vested LTIP Units granted in connection with the IPO.

Signature

/s/ Carol B. Samaan, as Attorney-in-Fact, for Scott M. Brinker|2026-03-24

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