Robert L. Johnson - Jan 26, 2022 Form 4 Insider Report for KB HOME (KBH)

Role: Director
Signature: Tony Richelieu, Attorney-in-Fact for Robert L. Johnson
Stock symbol: KBH
Transactions as of: Jan 26, 2022
Transactions value $: -$39
Form type: 4
Date filed: 1/28/2022, 04:27 PM
Previous filing: Nov 24, 2021
Next filing: Feb 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KBH	Common Stock	Options Exercise	$139K	+16.5K	+16.59%	$8.46^*	116K	Jan 26, 2022	Direct
transaction	KBH	Common Stock	Disposed to Issuer	-$139K	-3.46K	-2.99%	$40.22	112K	Jan 26, 2022	Direct	F1
transaction	KBH	Common Stock	Options Exercise	$553K	+38K	+33.86%	$14.55	150K	Jan 28, 2022	Direct
transaction	KBH	Common Stock	Disposed to Issuer	-$603K	-14.6K	-9.74%	$41.20	136K	Jan 28, 2022	Direct	F1
transaction	KBH	Common Stock	Options Exercise	$161K	+9.16K	+6.75%	$17.60	145K	Jan 28, 2022	Direct
transaction	KBH	Common Stock	Disposed to Issuer	-$146K	-3.54K	-2.44%	$41.20	141K	Jan 28, 2022	Direct	F1
transaction	KBH	Common Stock	Options Exercise	$150K	+7.24K	+5.13%	$20.70	148K	Jan 28, 2022	Direct
transaction	KBH	Common Stock	Disposed to Issuer	-$115K	-2.8K	-1.88%	$41.20	146K	Jan 28, 2022	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	-16.5K	-100%	$0.00^*	Jan 26, 2022	Common Stock	16.5K	$8.46	Direct
transaction	KBH	Non-Qualfied Stock Option (Right to Buy)	Options Exercise	$0	-38K	-100%	$0.00^*	Jan 28, 2022	Common Stock	38K	$14.55	Direct
transaction	KBH	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-9.16K	-100%	$0.00^*	Jan 28, 2022	Common Stock	9.16K	$17.60	Direct
transaction	KBH	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-7.24K	-100%	$0.00^*	Jan 28, 2022	Common Stock	7.24K	$20.70	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 respective 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 the reported 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 respective 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 the reported transactions.