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JBG SMITH Properties Director's Dealing 2025

Aug 15, 2025

31985_dirs_2025-08-15_1f414225-8452-45d5-95a2-538a4d652875.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JBG SMITH Properties (JBGS)
CIK: 0001689796
Period of Report: 2025-08-15

Reporting Person: Banerjee Madhumita Moina (Chief Financial Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-08-15 Common Shares C 24524 Acquired 24524 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-08-15 LTIP Units $ C 24524 Disposed Common Shares (24524) Direct
2025-08-15 OP Units $ C 24524 Acquired Common Shares (24524) Direct
2025-08-15 OP Units $ C 24524 Disposed Common Shares (24524) Direct

Footnotes

F1: The reported transactions represent solely a conversion of limited partnership units in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), designated as LTIP Units ("LTIP Units") into Operating Partnership Units ("OP Units") in the OP, and an exchange of OP Units into 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, once vested, by the holder for one Common Share, or the cash value of a Common Share, at the Issuer's option.

F3: Limited partnership units in the OP designated as LTIP Units are a class of units in the OP that, if vested, are convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into an equal number of OP Units.