ROBERT L. JOHNSON - 26 Jan 2022 Form 4 Insider Report for KB HOME (KBH)

Role: Director
Signature: Tony Richelieu, Attorney-in-Fact for Robert L. Johnson
Issuer symbol: KBH
Transactions as of: 26 Jan 2022
Net transactions value: -$38.51
Form type: 4
Filing time: 28 Jan 2022, 16:27:03 UTC
Previous filing: 24 Nov 2021
Next filing: 15 Feb 2022
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	$139,235	+16,458	+17%	$8.46^*	115,668	26 Jan 2022	Direct
transaction	KBH	Common Stock	Disposed to Issuer	$139,242	-3,462	-3%	$40.22	112,206	26 Jan 2022	Direct	F1
transaction	KBH	Common Stock	Options Exercise	$552,798	+37,993	+34%	$14.55	150,199	28 Jan 2022	Direct
transaction	KBH	Common Stock	Disposed to Issuer	$603,003	-14,636	-9.7%	$41.20	135,563	28 Jan 2022	Direct	F1
transaction	KBH	Common Stock	Options Exercise	$161,163	+9,157	+6.8%	$17.60	144,720	28 Jan 2022	Direct
transaction	KBH	Common Stock	Disposed to Issuer	$145,642	-3,535	-2.4%	$41.20	141,185	28 Jan 2022	Direct	F1
transaction	KBH	Common Stock	Options Exercise	$149,889	+7,241	+5.1%	$20.70	148,426	28 Jan 2022	Direct
transaction	KBH	Common Stock	Disposed to Issuer	$115,236	-2,797	-1.9%	$41.20	145,629	28 Jan 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	-16,458	-100%	$0.000000^*	26 Jan 2022	Common Stock	16,458	$8.46	Direct
transaction	KBH	Non-Qualfied Stock Option (Right to Buy)	Options Exercise	$0	-37,993	-100%	$0.000000^*	28 Jan 2022	Common Stock	37,993	$14.55	Direct
transaction	KBH	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-9,157	-100%	$0.000000^*	28 Jan 2022	Common Stock	9,157	$17.60	Direct
transaction	KBH	Non-Qualified Stock Option (Right to Buy)	Options Exercise	$0	-7,241	-100%	$0.000000^*	28 Jan 2022	Common Stock	7,241	$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.