JBG SMITH Properties — Director's Dealing 2022

Jun 17, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JBG SMITH Properties (JBGS)
CIK: 0001689796
Period of Report: 2022-06-15

Reporting Person: Kelly William Matthew (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-15	Common Shares	C	38432	—	Acquired	38432	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-15	OP Units	$	C	38432	Disposed		Common Shares (38432)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	47673	Indirect
Common Shares	3378	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
OP Units	$		Common Shares (295899)	295899	Direct

Footnotes

F1: These transactions represent solely a redemption of Operating Partnership Units ("OP Units") in JBG SMITH Properties LP, the operating partnership of JBG SMITH Properties (the "Issuer"), for common shares of the Issuer, par value $0.01 ("Common Shares"). No sale or monetization of securities has occurred.

F2: Each OP Unit is redeemable by the holder for one Common Share, or the cash value of a Common Share, at the Issuer's option.

F3: The reporting person owns a majority of the interests in WMK Fund Holdings II, LLC (the "LLC"), and the reporting person's spouse owns the remaining interests in the LLC.

F4: Reflects the acquisition of 634 Common Shares on June 30, 2020, 359 Common Shares on December 15, 2020, and 975 Common Shares on June 30, 2021 through the Issuer's Employee Share Purchase Plan, which are held directly by the reporting person.

F5: 278,861 of these OP Units are vested. The remaining 17,038 OP Units are unvested and will vest on July 1, 2022 subject to the reporting person's continued service through the vesting date.