Timothy Steffan, Chief Operating Officer of Comstock Holding Companies, Inc. (NASDAQ:CHCI), sold 13,026 shares of the company’s Class A Common Stock on May 21, 2026. The shares were sold at a weighted average price of $14.2289, with individual transactions executed at prices ranging from $13.24 to $15.50 per share. The total value of these sales amounted to approximately $185,345.
On the same day, Mr. Steffan also acquired 20,000 shares of Class A Common Stock through the exercise of stock options. These options had an exercise price of $3.30 per share, resulting in an acquisition value of $66,000. The stock options vested in four equal annual installments, beginning on June 27, 2019, and became fully vested and exercisable on June 27, 2022.
Following these transactions, Mr. Steffan directly holds 122,741 shares of Comstock Holding Companies, Inc. Class A Common Stock.
The insider sale comes as CHCI shares have declined sharply, falling 22% over the past week to $13.84. Despite this volatility, Bond.az analysis suggests the stock remains undervalued at current levels, with shares trading at a P/E ratio of 9.31. The company maintains a 'GREAT' financial health score of 3.36 out of 5.
In other recent news, Comstock Holding Companies, Inc. reported $12 million in condominium sales at JW Marriott Residences Reston Station for the first quarter of 2026. This luxury development, launched in September 2025, has achieved approximately $90 million in total sales. Additionally, Comstock completed the acquisition of The Reed, a 417-unit apartment building in Rockville, Maryland, through a joint venture with Benefit Street Partners. In another strategic move, Comstock acquired Woodland Pointe, a 6.77-acre office campus in Herndon, Virginia, and signed a full-campus lease with Peraton. Comstock also announced a lease agreement with Taste Buds Kitchen for 2,600 square feet of retail space at Loudoun Station. Furthermore, board member Robert P. Pincus will retire after 21 years of service when his term ends in June 2026. These developments highlight Comstock’s ongoing expansion and strategic partnerships.
