Item 8.01 Other Events.

On February 25, 2022, Hudson Pacific Properties, Inc. (the "Company") entered into accelerated share repurchase agreements with Bank of America, N.A. ("Bank") under which the Company will purchase, in the aggregate, $200 million of its own outstanding common stock, par value $0.01 per share (the "Common Stock").

Under Confirmation agreements dated February 25, 2022 (the "Agreements"), on February 28, 2022, Bank will deliver to the Company 3,315,133 shares of Common Stock and on or prior to March 11, 2022 Bank will deliver to the Company approximately 3.4 million shares of Common Stock. The aggregate number of shares of Common Stock to be delivered under the Agreements will be based generally upon a discount to the Rule 10b-18 volume-weighted average price at which the shares of Common Stock trade during the regular trading sessions on the New York Stock Exchange during the term of the Agreements. At final settlement, Bank may be obligated to deliver additional shares of Common Stock to the Company or the Company may be obligated to make delivery of shares of Common Stock or a cash payment to Bank, at the Company's option. The Company expects final settlement of the share repurchases under the Agreements to occur during the third quarter of 2022.

The Agreements are subject to certain customary adjustments and termination provisions. In addition, upon the occurrence of certain extraordinary events, Bank is entitled to terminate the Agreements, in which case the Company may receive fewer shares of Common Stock than expected.

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