Larry A. Mizel - May 17, 2022 Form 4 Insider Report for M.D.C. HOLDINGS, INC. (MDC)

Signature
Joseph H. Fretz, Attorney-in-fact
Stock symbol
MDC
Transactions as of
May 17, 2022
Transactions value $
$0
Form type
4
Date filed
5/18/2022, 10:09 AM
Previous filing
Feb 10, 2022
Next filing
Sep 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MDC Common Stock $.01Par Value Other $0 -1M -23.32% $0.00 3.29M May 17, 2022 By Ari Capital Partners, LLLP F1
transaction MDC Common Stock $.01Par Value Other $0 +1M $0.00 1M May 17, 2022 By Boca Sawyer 22 LLC F2
holding MDC Common Stock $.01 Par Value 84.9K May 17, 2022 Direct
holding MDC Common Stock $.01 Par Value 324 May 17, 2022 By M&G Growth, LLC F3
holding MDC Common Stock $.01Par Value 324K May 17, 2022 By Trusts F4
holding MDC Common Stock $.01 Par Value 26.5K May 17, 2022 By Cascia Holdings, LLC F5
holding MDC Common Stock $.01Par Value 1.31M May 17, 2022 By Cheston Enterprises Trust F6
holding MDC Common Stock $.01Par Value 1.31M May 17, 2022 By Courtney Enterprises Trust F6
holding MDC Common Stock $.01Par Value 1.8M May 17, 2022 By CGM Capital, LLLP F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person may be deemed to have beneficial ownership of the shares held by Ari Capital Partners, LLLP ("Ari Capital"). The sole general partner of Ari Capital is CVentures, Inc. ("CVentures"), a corporation, which has approximately a 1% partnership interest in Ari Capital. Reporting Person's family members are the beneficiaries of various trusts which own approximately 50.7% of the stock of CVentures. Also, Reporting Person is a director and chairman of the board of CVentures and may be deemed to control the other approximately 49.3% of the common stock of CVentures. A trust, of which Reporting Person is the sole beneficiary, is the sole limited partner of Ari Capital, and has approximately a 99% partnership interest in Ari Capital. Reporting Person and Reporting Person's spouse are trustees of the trust.
F2 Reporting Person may be deemed to have beneficial ownership of the shares held by Boca Sawyer 22 LLC ("Boca"). Boca is owned 0.1% by Reporting Person's spouse and 99.9% by Reporting Person. Reporting Person's spouse is the manager of Boca. On May 17, 2022, in connection with entity restructuring, Ari Capital transferred 1,000,000 shares to Boca.
F3 Reporting Person may be deemed to have beneficial ownership of the shares held by M&G Growth, LLC ("M&G"). M&G is owned 0.1% by Reporting Person's spouse and 99.9% by trusts. Reporting Person's spouse is the manager of M&G.
F4 These trusts hold a 99.9% ownership interest in M&G. Reporting Person may be deemed to have beneficial ownership of the shares held by these trusts, of which Reporting Person is the grantor, Reporting Person's spouse is the trustee and Reporting Person's grandchildren are beneficiaries.
F5 Reporting Person may be deemed to have beneficial ownership of the shares held by Cascia Holdings LLC ("Cascia"). Cascia holds 2,645,395 shares. Reporting Person's spouse, who is the sole manager of Cascia, holds all of the voting LLC units in Cascia, which constitutes 1% of the total outstanding LLC units in Cascia and represents a pecuniary interest in 26,453 shares. Two separate trusts (Cheston Enterprises Trust and Courtney Enterprises Trust) hold all of Cascia's nonvoting LLC units, which constitute 99% of the total outstanding LLC units in Cascia. Reporting Person's spouse is one of the trustees of each of the two trusts and Reporting Person's family members are the beneficiaries of these trusts.
F6 Reporting Person may be deemed to have beneficial ownership of these shares which are beneficially owned by this trust. Reporting Person's spouse is a trustee of this trust and a family member of Reporting Person is the beneficiary of this trust.
F7 Reporting Person may be deemed to have beneficial ownership of the shares held by CGM Capital LLLP ("CGM Capital"). The general partner of CGM Capital is CVentures, Inc. ("CVentures"), which has a 1% partnership interest in CGM Capital. A trust, of which Reporting Person's spouse is the sole beneficiary, is the sole limited partner of CGM Capital, and has a 99% partnership interest in CGM Capital. Reporting Person and Reporting Person's spouse are trustees of this trust.