Steffan Timothy 4

What Happened

• Steffan Timothy, Chief Operating Officer of Comstock Holding Companies, Inc. (CHCI), exercised stock options and sold company shares on March 23, 2026. He exercised 15,000 options at an exercise price of $3.30 per share (cost $49,500) and sold 9,740 shares in an open-market sale at a weighted-average price of $15.61 per share (proceeds $152,029).
• The filing also reports a derivative "disposed" entry for 15,000 shares at $0.00 (transaction code M), which is recorded in the same report (see Context and footnotes below). The Form 4 was filed on March 25, 2026 and appears timely.

Key Details

• Transaction date: 2026-03-23 (reported in Form 4 filed 2026-03-25).
• Exercise: 15,000 shares exercised at $3.30 each — total exercise cost $49,500.
• Sale: 9,740 shares sold at a weighted-average $15.61 — total proceeds $152,029. Footnote F1 notes the sale occurred in multiple trades at prices from $15.17 to $16.11.
• Vesting note: Footnote F2 states the stock options vested in four equal annual installments beginning 6/27/2019 and became fully vested and exercisable on this date.
• Shares owned after the transactions: not specified in the excerpt provided.
• Filing timeliness: Form 4 filed on 2026-03-25 for 2026-03-23 activity — appears timely (Form 4 is generally due within two business days).

Context

• This was an option exercise (transaction code M) combined with an open-market sale (S). When executives exercise options and then sell some shares, it can be a routine liquidity action (e.g., to cover exercise costs or diversify) rather than a directional bet on the company. The separate derivative "disposed" line at $0.00 may reflect the mechanics of the exercise or a surrender/settlement step related to the grant — the filing’s footnotes and option-vesting statement are the relevant disclosures.