Melissa Lora - Oct 13, 2021 Form 4 Insider Report for KB HOME (KBH)

Role: Director
Signature: Tony Richelieu, Attorney-in-Fact for Melissa Lora
Stock symbol: KBH
Transactions as of: Oct 13, 2021
Transactions value $: -$27
Form type: 4
Date filed: 10/15/2021, 04:41 PM
Previous filing: Aug 27, 2021
Next filing: Dec 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KBH	Common Stock	Options Exercise	$320K	+11.2K	+6.21%	$28.51	192K	Oct 13, 2021	Direct
transaction	KBH	Common Stock	Disposed to Issuer	-$196K	-5.01K	-2.61%	$39.13	187K	Oct 13, 2021	Direct	F1
transaction	KBH	Common Stock	Options Exercise	$139K	+16.5K	+8.81%	$8.46	203K	Oct 13, 2021	Direct
transaction	KBH	Common Stock	Disposed to Issuer	-$288K	-7.35K	-3.62%	$39.13	196K	Oct 13, 2021	Direct	F1
transaction	KBH	Common Stock	Options Exercise	$150K	+7.24K	+3.7%	$20.70	203K	Oct 13, 2021	Direct
transaction	KBH	Common Stock	Disposed to Issuer	-$127K	-3.23K	-1.59%	$39.13	200K	Oct 13, 2021	Direct	F1
transaction	KBH	Common Stock	Options Exercise	$161K	+9.16K	+4.58%	$17.60	209K	Oct 13, 2021	Direct
transaction	KBH	Common Stock	Disposed to Issuer	-$160K	-4.09K	-1.96%	$39.13	205K	Oct 13, 2021	Direct	F1

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	-11.2K	-100%	$0.00^*	Oct 13, 2021	Common Stock	11.2K	$28.51	Direct
transaction	KBH	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-16.5K	-100%	$0.00^*	Oct 13, 2021	Common Stock	16.5K	$8.46	Direct
transaction	KBH	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-7.24K	-100%	$0.00^*	Oct 13, 2021	Common Stock	7.24K	$20.70	Direct
transaction	KBH	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-9.16K	-100%	$0.00^*	Oct 13, 2021	Common Stock	9.16K	$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.