JBG SMITH Properties — Director's Dealing 2025

Jul 2, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JBG SMITH Properties (JBGS)
CIK: 0001689796
Period of Report: 2025-06-30

Reporting Person: Stewart Robert Alexander (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-06-30	OP Units	$	G	75000	Disposed		Common Shares (75000)	Indirect
2025-06-30	OP Units	$	G	75000	Acquired		Common Shares (75000)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
OP Units	$		Common Shares (756631)	756631	Indirect
OP Units	$		Common Shares (14118)	14118	Direct

Footnotes

F1: Each Operating Partnership Unit ("OP Unit") in JBG SMITH Properties LP, the operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable by the holder for one common share of the Issuer, par value $0.01 (a "Common Share"), or the cash value of a Common Share, at the Issuer's option.

F2: This transaction involved a gift of OP Units by Mr. Stewart's spouse, who shares Mr. Stewart's household, to Stewart Holdings II LLC, of which Mr. Stewart is the sole member.