X0306 4 2023-01-31 0001820877 Apartment Income REIT Corp. AIRC 0001898724 Finney-Cooke Kristin R. 4582 S. ULSTER STREET SUITE 1700 DENVER CO 80237 1 0 0 0 LTIP Units of Apartment Income REIT, L.P. 2023-01-31 4 A 0 4250 A Partnership Common Units 4250 7250 D Pursuant to the Seventh Amended and Restated Agreement of Limited Partnership of Apartment Income REIT, L.P. (the "Partnership Agreement"), a holder of LTIP Units has the right to convert all or a portion of such holder's vested LTIP Units into Partnership Common Units (as such term is defined in the Partnership Agreement). Pursuant to the Partnership Agreement, holders of Partnership Common Units have the right to require Apartment Income REIT, L.P. to redeem such holder's Partnership Common Units, which redemption may be for Class A Common Stock of Apartment Income REIT Corp. or a cash amount equal to the value of such shares of Class A Common Stock pursuant to the formula set forth in the Partnership Agreement. The form of currency upon redemption is determined in the sole discretion of Apartment Income REIT, L.P. The LTIP Units vest immediately. The LTIP Units do not expire. Award for director compensation; price column not applicable. Kristin R. Finney-Cooke 2023-02-02