Louis Steffens - Apr 19, 2023 Form 4 Insider Report for Taylor Morrison Home Corp (TMHC)

Signature
/s/ Darrell Sherman, as Attorney-in-Fact
Stock symbol
TMHC
Transactions as of
Apr 19, 2023
Transactions value $
-$460,215
Form type
4
Date filed
4/20/2023, 06:52 PM
Previous filing
Apr 19, 2023
Next filing
Apr 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMHC Common Stock Sale -$152K -3.84K -7.18% $39.43 49.7K Apr 19, 2023 Direct F1
transaction TMHC Common Stock Sale -$241K -6.1K -12.27% $39.45 43.6K Apr 19, 2023 Direct F1
transaction TMHC Common Stock Options Exercise $191K +6.56K +15.04% $29.08 50.2K Apr 19, 2023 Direct
transaction TMHC Common Stock Sale -$259K -6.56K -13.07% $39.44 43.6K Apr 19, 2023 Direct F1

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TMHC Employee Stock Option (Right to Buy) Options Exercise $0 -6.56K -100% $0.00* 0 Apr 19, 2023 Common Stock 6.56K $29.08 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 Plan entered into by the reporting person on February 21, 2023. Accordingly, the reporting person had no discretion with regard to the timing of the transaction.
F2 On February 11, 2022, the reporting person was granted 26,242 options vesting in four equal installments on each of February 11, 2023, February 11, 2024, February 11, 2025 and February 11, 2026.