Thomas W. Gilligan - 13 Oct 2021 Form 4 Insider Report for KB HOME (KBH)

Role: Director
Signature: Tony Richelieu, Attorney-in-Fact for Thomas W. Gilligan
Issuer symbol: KBH
Transactions as of: 13 Oct 2021
Net transactions value: -$1,426,148
Form type: 4
Filing time: 15 Oct 2021, 16:41:20 UTC
Previous filing: 20 May 2021
Next filing: 28 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KBH	Common Stock	Options Exercise	$103,756	+10,491	+17%	$9.89^*	70,488	13 Oct 2021	Direct
transaction	KBH	Common Stock	Disposed to Issuer	$161,842	-4,136	-5.9%	$39.13	66,352	13 Oct 2021	Direct	F1
transaction	KBH	Common Stock	Options Exercise	$149,889	+7,241	+11%	$20.70	73,593	13 Oct 2021	Direct
transaction	KBH	Common Stock	Disposed to Issuer	$111,716	-2,855	-3.9%	$39.13	70,738	13 Oct 2021	Direct	F1
transaction	KBH	Common Stock	Options Exercise	$161,163	+9,157	+13%	$17.60	79,895	13 Oct 2021	Direct
transaction	KBH	Common Stock	Disposed to Issuer	$141,259	-3,610	-4.5%	$39.13	76,285	13 Oct 2021	Direct	F1
transaction	KBH	Common Stock	Sale	$1,426,139	-35,222	-46%	$40.49	41,063	14 Oct 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Underlying Class	Amount	Exercise Price	Ownership
transaction	KBH	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-10,491	-100%	$0.000000^*	13 Oct 2021	Common Stock	10,491	$9.89	Direct
transaction	KBH	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-7,241	-100%	$0.000000^*	13 Oct 2021	Common Stock	7,241	$20.70	Direct
transaction	KBH	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-9,157	-100%	$0.000000^*	13 Oct 2021	Common Stock	9,157	$17.60	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Based on the reporting person's election, the reporting person received shares of the issuer's common stock equal in value to the positive difference between each exercised stock option's exercise price and the closing price of the issuer's common stock on the date of exercise. Accordingly, each exercised stock option was settled in a manner similar to a stock appreciation right. No shares of the issuer's common stock were sold in these transactions.

Content

Based on the reporting person's election, the reporting person received shares of the issuer's common stock equal in value to the positive difference between each exercised stock option's exercise price and the closing price of the issuer's common stock on the date of exercise. Accordingly, each exercised stock option was settled in a manner similar to a stock appreciation right. No shares of the issuer's common stock were sold in these transactions.