Sheryl Palmer - May 15, 2024 Form 4 Insider Report for Taylor Morrison Home Corp (TMHC)

Signature
/s/ Darrell Sherman, as Attorney-in-Fact
Stock symbol
TMHC
Transactions as of
May 15, 2024
Transactions value $
-$6,170,000
Form type
4
Date filed
5/16/2024, 05:14 PM
Previous filing
Apr 1, 2024
Next filing
Jun 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMHC Common Stock Sale -$6.17M -100K -83.88% $61.70 19.2K May 15, 2024 By Trust F1, F2, F3
holding TMHC Common Stock 277K May 15, 2024 Direct
* 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 December 15, 2023. Accordingly, the Reporting Person had no discretion with regard to the timing of the transaction.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $60.74 to $62.07, inclusive. The Reporting Person undertakes to provide to the staff of the Securities and Exchange Commission, to any security holder of Taylor Morrison Home Corporation ("TMHC"), or to TMHC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F3 Held by Sheryl D. Palmer Trust ("Trust"), established October 4, 2019, of which the Reporting Person is a trustee and sole beneficiary.