Moses Kelvin O 4

What Happened Moses Kelvin O, Chief Financial Officer of Janus Living, received a grant of 15,000 LTIP Units (transaction code A) on March 23, 2026. The award was recorded at $0.00 per unit (no cash paid), so the reported acquisition value is $0. These LTIP Units are a derivative interest in Janus Living OP (the operating subsidiary) rather than direct shares of the public company.

Key Details

• Transaction date: 2026-03-23; Form 4 filed: 2026-03-24 (timely filing).
• Security: 15,000 LTIP Units (derivative); reported acquisition price $0.00; total reported cash value $0.
• Shares owned after transaction: not specified in the filing.
• Footnote highlights:
  • F1: LTIP Units are a class of common units in Janus OP intended to qualify as profits interests for U.S. tax purposes. They have no expiration and can be converted (at holder election, subject to conditions) into OP Units, which are redeemable for cash equal to the fair market value of one Class A-1 share or may be converted one-for-one into Class A-1 shares at Janus OP’s option.
  • F2: These were fully vested LTIP Units granted in connection with the issuer’s initial public offering.
• Transaction type: Award/grant (code A) — not a market purchase or sale.

Context LTIP Units are a form of long-term compensation tied to the operating subsidiary and are derivative in nature; they do not require a cash outlay at grant. According to the filing notes, these units are fully vested and have conversion/redemption mechanics that can ultimately result in cash tied to the public share price or conversion into Class A-1 common stock, subject to the stated conversion conditions. Awards like this represent compensation alignment but are not the same as an open-market purchase or sale and don't by themselves indicate an immediate change in public-share ownership.