Robert Nathaniel Martin - 09 May 2023 Form 4 Insider Report for M.D.C. HOLDINGS, INC.

Role
SVP and CFO
Signature
Robert N. Martin
Issuer symbol
N/A
Transactions as of
09 May 2023
Net transactions value
-$239,258
Form type
4
Filing time
09 May 2023, 17:34:27 UTC
Previous filing
06 Feb 2023
Next filing
28 Jul 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 $310,282 +13,226 +4.4% $23.46 313,188 09 May 2023 Direct
transaction MDC Common Stock $.01 Par Value Sale $549,540 -13,226 -4.2% $41.55 299,962 09 May 2023 Direct F1
holding MDC Common Stock $.01 Par Value 523 09 May 2023 By 401(k) F2

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 -13,226 -100% $0.000000* 0 09 May 2023 Common Stock $0.01 Par Value 13,226 $23.46 Direct F3
* 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 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $41.46 to $41.67, 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 Unitized shares held in a stock fund in the Reporting Person's 401(k) Savings Plan which changes on a daily basis.
F3 The option became exercisable in four equal annual installments beginning on January 22, 2015, which was the first anniversary of the grant date.