Comstock (NASDAQ: CHCI) COO sells 13,026 shares after option exercise

Rhea-AI Filing Summary

Comstock Holding Companies, Inc. Chief Operating Officer Timothy Steffan reported an exercise-and-sell transaction in Class A common stock. He exercised stock options to acquire 20,000 shares at $3.30 per share and sold 13,026 shares in an open-market sale at a weighted average price of $14.2289 per share, with individual trade prices ranging from $13.24 to $15.50. Following the transactions, he holds 122,741 shares of common stock directly. The exercised options, which vested in four equal annual installments beginning June 27, 2019, became fully vested and exercisable on the transaction date.

Insider Trade Summary

Net Seller: 13,026 shares ($185,346)

Net Sell 3 txns

Insider Steffan Timothy

Role Chief Operating Officer

Sold 13,026 shs ($185K)

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	20,000	$0.00	--
Exercise	Class A Common Stock, $0.01 par value	20,000	$3.30	$66K
Sale	Class A Common Stock, $0.01 par value	13,026	$14.2289	$185K

Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct, null); Class A Common Stock, $0.01 par value — 135,767 shares (Direct, null)

Footnotes (1)

1. This transaction was executed in multiple trades at prices ranging from $13.24 USD to $15.50 USD; the price reported above reflects the weighted average sale price. The stock options vested in four (4) equal annual installments, beginning on 6/27/2019 (the first anniversary of the grant date) and became fully vested and exercisable on this date

Key Figures

Shares sold: 13,026 shares Weighted average sale price: $14.2289 per share Shares acquired via option exercise: 20,000 shares +5 more

8 metrics

Shares sold 13,026 shares Open-market sale of Class A common stock

Weighted average sale price $14.2289 per share Open-market sale on transaction date

Shares acquired via option exercise 20,000 shares Stock option exercise at $3.30 per share

Option exercise price $3.30 per share Stock Option (Right to Buy) underlying common stock

Post-transaction holdings 122,741 shares Directly held Class A common stock after transactions

Option expiration date June 27, 2028 Original expiration for exercised stock options

Option vesting start date June 27, 2019 First anniversary of grant; options vested in four annual installments

Trade price range $13.24 to $15.50 Range of individual trade prices in the sale

Key Terms

open-market sale, Stock Option (Right to Buy), weighted average sale price, vested in four (4) equal annual installments, +1 more

5 terms

open-market sale financial

"and sold 13,026 shares in an open-market sale at a weighted average price"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Stock Option (Right to Buy) financial

"security_title": "Stock Option (Right to Buy)""

weighted average sale price financial

"the price reported above reflects the weighted average sale price"

vested in four (4) equal annual installments financial

"The stock options vested in four (4) equal annual installments, beginning on 6/27/2019"

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Steffan Timothy

(Last) (First) (Middle)

1900 RESTON METRO PLAZA

10TH FLOOR

(Street)

RESTON VIRGINIA 20190

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Comstock Holding Companies, Inc. [ CHCI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock, $0.01 par value	05/21/2026		M		20,000	A	$3.3	135,767	D
Class A Common Stock, $0.01 par value	05/21/2026		S		13,026	D	$14.2289(1)	122,741	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$3.3	05/21/2026		M			20,000	06/27/2022(2)	06/27/2028	Class A Common Stock, $0.01 par value	20,000	$0.00	0.00	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $13.24 USD to $15.50 USD; the price reported above reflects the weighted average sale price.

2. The stock options vested in four (4) equal annual installments, beginning on 6/27/2019 (the first anniversary of the grant date) and became fully vested and exercisable on this date

Remarks:

	/s/ Timothy J. Steffan	05/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did CHCI COO Timothy Steffan report?

Timothy Steffan reported exercising stock options for 20,000 CHCI shares at $3.30 each and selling 13,026 shares in an open-market transaction at a weighted average price of $14.2289 per share, according to the Form 4 filing.

At what prices did the CHCI insider sell shares in this Form 4?

The CHCI COO sold 13,026 shares at a weighted average price of $14.2289 per share. Footnotes state the trades were executed in multiple transactions at prices ranging from $13.24 to $15.50 per share on the transaction date.

How many Comstock (CHCI) shares does the COO hold after these transactions?

After the reported transactions, CHCI Chief Operating Officer Timothy Steffan directly holds 122,741 shares of Class A common stock. This figure reflects his position following the option exercise and subsequent open-market sale disclosed in the Form 4.

What stock options did the CHCI COO exercise in this filing?

The CHCI COO exercised stock options covering 20,000 shares of Class A common stock at an exercise price of $3.30 per share. These options vested in four equal annual installments starting June 27, 2019, and were fully vested and exercisable on the transaction date.

Is this CHCI Form 4 transaction an open-market sale or a private trade?

The Form 4 describes the 13,026-share disposition as an open-market sale. A footnote adds that the transaction occurred through multiple trades within a price range, and the filing reports a weighted average sale price of $14.2289 per share.