AMH director exercises 30,000 stock options

American Homes 4 Rent director Tamara Hughes Gustavson exercised stock options to acquire 30,000 Class A Common Shares.

Rhea-AI Filing Summary

American Homes 4 Rent director Tamara Hughes Gustavson exercised stock options to acquire 30,000 Class A Common Shares. The Form 4 shows three option exercises of 10,000 shares each at exercise prices of $19.40, $23.38, and $21.57 per share. Following these transactions, she holds 9,415,345 Class A Common Shares directly.

She also reports indirect holdings, including 158,780 shares through an IRA, 274,334 shares through THG AT, LLC, and 11,621,725 shares through the Tamara H. Gustavson Revocable Trust, which includes 5,421 restricted share units. An additional 100 shares are reported as held by her spouse.

Insider Trade Summary

30,000 shares exercised/converted

Exercise 10 txns

Insider GUSTAVSON TAMARA HUGHES

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	10,000	$0.00	$0.00
Exercise	Stock Option (right to buy)	10,000	$0.00	$0.00
Exercise	Stock Option (right to buy)	10,000	$0.00	$0.00
Exercise	Class A Common Shares	10,000	$21.57	$216K
Exercise	Class A Common Shares	10,000	$23.38	$234K
Exercise	Class A Common Shares	10,000	$19.40	$194K
holding	Class A Common Shares	--	--	--
holding	Class A Common Shares	--	--	--
holding	Class A Common Shares	--	--	--
holding	Class A Common Shares	--	--	--

Holdings After Transaction: Stock Option (right to buy) — 0 contracts (Direct); Class A Common Shares — 9,415,345 shares (Direct); Class A Common Shares — 100 shares (Indirect, By Spouse); Class A Common Shares — 11,621,725 shares (Indirect, By Tamara H. Gustavson Revocable Trust); Class A Common Shares — 274,334 shares (Indirect, By THG AT, LLC.); Class A Common Shares — 158,780 shares (Indirect, IRA)

Footnotes (2)

1. F1. Includes 5,421 restricted share units, each representing a contingent right to receive one Class A Common Share.
2. F2. By LLC formed for the benefit of the reporting person and her family and of which the reporting person is manager.

FAQ

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What insider transaction did AMH director Tamara Hughes Gustavson report?

Tamara Hughes Gustavson reported exercising stock options to acquire 30,000 Class A Common Shares of American Homes 4 Rent. The options were exercised in three 10,000-share tranches at strike prices of $19.40, $23.38, and $21.57 per share, with no sales reported.

How many American Homes 4 Rent shares does Gustavson hold directly after this Form 4?

After the reported option exercises, Gustavson holds 9,395,345 Class A Common Shares directly. This figure reflects her post-transaction direct ownership as disclosed in the Form 4 and does not include any indirect holdings through entities, trusts, or family members.

What indirect AMH shareholdings are reported for Tamara Hughes Gustavson?

Gustavson reports indirect ownership of 158,780 shares through an IRA, 274,334 shares through THG AT, LLC, 11,621,725 shares through her revocable trust, and 100 shares held by her spouse. The trust position includes 5,421 restricted share units convertible into Class A Common Shares.

Were any American Homes 4 Rent shares sold in this Tamara Gustavson Form 4 filing?

The Form 4 does not show any open-market sales. It reports only the exercise of stock options coded as “M” transactions and updated holdings, both direct and indirect. The filing reflects acquisitions via option exercises rather than buy or sell transactions in the market.

What stock option details are disclosed for AMH in Gustavson’s Form 4?

The filing lists three stock option exercises, each for 10,000 underlying Class A Common Shares. The options carried exercise prices of $19.40, $23.38, and $21.57 per share, with prior grant and expiration dates ranging from 2017 to 2028, and show zero remaining balance after exercise.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/09/2026 - 04:39 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

GUSTAVSON TAMARA HUGHES

(Last) (First) (Middle)

C/O AMH

280 PILOT ROAD

(Street)

LAS VEGAS NEVADA 89119

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
American Homes 4 Rent [ AMH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Shares	06/05/2026		M		10,000	A	$21.57	9,395,345(1)	D
Class A Common Shares	06/05/2026		M		10,000	A	$23.38	9,405,345(1)	D
Class A Common Shares	06/05/2026		M		10,000	A	$19.4	9,415,345(1)	D
Class A Common Shares								100	I	By Spouse
Class A Common Shares								11,621,725	I	By Tamara H. Gustavson Revocable Trust
Class A Common Shares								274,334	I	By THG AT, LLC.(2)
Class A Common Shares								158,780	I	IRA

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$21.57	06/05/2026		M			10,000	08/02/2017	08/02/2026	Class A Common Shares	10,000	$0	0	D
Stock Option (right to buy)	$23.38	06/05/2026		M			10,000	02/23/2018	02/23/2027	Class A Common Shares	10,000	$0	0	D
Stock Option (right to buy)	$19.4	06/05/2026		M			10,000	02/22/2019	02/22/2028	Class A Common Shares	10,000	$0	0	D

Explanation of Responses:

1. Includes 5,421 restricted share units, each representing a contingent right to receive one Class A Common Share.

2. By LLC formed for the benefit of the reporting person and her family and of which the reporting person is manager.

Remarks:

	/s/ Justin Liu, attorney-in-fact	06/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)