DAVID D. MANDARICH - 10 Nov 2022 Form 4 Insider Report for M.D.C. HOLDINGS, INC.

Role: President, CEO and Director, Director
Signature: David D. Mandarich
Issuer symbol: N/A
Transactions as of: 10 Nov 2022
Net transactions value: -$6,717,008
Form type: 4
Filing time: 14 Nov 2022, 10:33:54 UTC
Previous filing: 29 Sep 2022
Next filing: 06 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MDC	Common Stock $.01 Par Value	Options Exercise	$28,385,078	+1,322,697	+28%	$21.46	6,129,663	10 Nov 2022	Direct
transaction	MDC	Common Stock $.01 Par Value	Sale	$12,769,980	-397,200	-6.5%	$32.15	5,732,463	10 Nov 2022	Direct	F1
transaction	MDC	Common Stock $.01 Par Value	Sale	$15,091,443	-461,089	-8%	$32.73	5,271,374	10 Nov 2022	Direct	F2
transaction	MDC	Common Stock $.01 Par Value	Sale	$259,909	-7,740	-0.15%	$33.58	5,263,634	10 Nov 2022	Direct	F3
transaction	MDC	Common Stock $.01 Par Value	Sale	$2,084,149	-64,425	-1.2%	$32.35	5,199,209	11 Nov 2022	Direct	F4
transaction	MDC	Common Stock $.01 Par Value	Sale	$1,625,604	-49,546	-0.95%	$32.81	5,149,663	11 Nov 2022	Direct	F5
transaction	MDC	Common Stock $.01 Par Value	Sale	$3,271,000	-100,000	-1.9%	$32.71	5,049,663	11 Nov 2022	Direct	F6

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	MDC	Non-Statutory Stock Option (right to buy)	Options Exercise	$0	-1,322,697	-100%	$0.000000^*	0	10 Nov 2022	Common Stock $ .01 Par Value	1,322,697	$21.46	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $32.00 to $32.50 inclusive. The reporting person undertakes to provide M.D.C. Holdings, Inc., any security holder of M.D.C. Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $32.50 to $33.49 inclusive. The reporting person undertakes to provide M.D.C. Holdings, Inc., any security holder of M.D.C. Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $33.51 to $33.69 inclusive. The reporting person undertakes to provide M.D.C. Holdings, Inc., any security holder of M.D.C. Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $31.72 to $32.71 inclusive. The reporting person undertakes to provide M.D.C. Holdings, Inc., any security holder of M.D.C. Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F5	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $32.72 to $32.95 inclusive. The reporting person undertakes to provide M.D.C. Holdings, Inc., any security holder of M.D.C. Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F6	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $32.39 to $32.95 inclusive. The reporting person undertakes to provide M.D.C. Holdings, Inc., any security holder of M.D.C. Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.