Robert Nathaniel Martin - 02 Feb 2024 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: 02 Feb 2024
Net transactions value: -$1,894,058
Form type: 4
Filing time: 05 Feb 2024, 17:55:46 UTC
Previous filing: 28 Jul 2023
Next filing: 01 Mar 2024
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	Award	$0	+35,000	+12%	$0.000000	334,962	02 Feb 2024	Direct	F3
transaction	MDC	Common Stock $.01 Par Value	Tax liability	$960,738	-15,313	-4.6%	$62.74	319,649	02 Feb 2024	Direct	F2, F4
transaction	MDC	Common Stock $.01 Par Value	Tax liability	$391,937	-6,247	-2%	$62.74	313,402	03 Feb 2024	Direct	F1, F2
transaction	MDC	Common Stock $.01 Par Value	Tax liability	$453,736	-7,232	-2.3%	$62.74	306,170	03 Feb 2024	Direct	F1, F2
transaction	MDC	Common Stock $.01 Par Value	Tax liability	$87,648	-1,397	-0.46%	$62.74	304,773	04 Feb 2024	Direct	F1, F2
holding	MDC	Common Stock $.01 Par Value						529	02 Feb 2024	By 401(k)	F5

* 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	Restricted stock vesting -- share withholding pursuant to irrevocable election made outside of blackout periods (May 8, 2023).
F2	Closing Price on February 2, 2024
F3	Vesting of Performance Share Unit (PSU) award originally granted on July 14, 2021.
F4	PSU vesting - share withholding pursuant to irrevocable election made outside blackout periods (May 8, 2023).
F5	Unitized shares held in a stock fund in the Reporting Person's 401(k) Savings Plan which changes on a daily basis.