American Homes 4 Rent director exercises 10K options

Available on EDGAR 11/12/2026 - 04:09 PM EST Accepted by SEC EDGAR 11/12/2026 - 04:08 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

American Homes 4 Rent director Douglas N. Benham exercised stock options on November 9, 2026, for 10,000 Class A common shares at an exercise price of $23.38; the acquired shares were reported at $33.17 per share. The report also records 7,049 shares delivered or withheld for payment of exercise price or tax liability.

Insider Trade Summary

10,000 shares exercised/converted

Exercise 3 txns

Insider BENHAM DOUGLAS N

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy) F2	10,000	$0.00	$0.00
Exercise	Class A Common Shares	10,000	$33.17	$332K
Exercise Price or Tax Liability	Class A Common Shares F1	7,049	$33.17	$234K
Holding	Class A Common Shares	--	--	--

Holdings After Transaction: Stock Option (right to buy) — 0 options (Direct); Class A Common Shares — 42,599 shares (Direct); Class A Common Shares — 7,991 shares (Indirect, IRA)

Holdings Before and After: Stock Option (right to buy), 10,000 to 0 options (Direct); Class A Common Shares, 39,648 to 42,599 shares (Direct)

Footnotes (2)

1. F1. This transaction represents a net exercise of stock options where a portion of the shares was withheld by the issuer to satisfy the exercise price and/or applicable tax withholdings.
2. F2. Options become exercisable in four equal annual installments begining on the "Date Exerciseable" indicated.

Key Figures

Options exercised: 10,000 options Exercise price: $23.38 per share Class A shares acquired: 10,000 shares +4 more

7 metrics

Options exercised 10,000 options November 9, 2026

Exercise price $23.38 per share Options exercised on November 9, 2026

Class A shares acquired 10,000 shares November 9, 2026

Reported price of acquired shares $33.17 per share November 9, 2026

Shares delivered or withheld 7,049 shares For payment of exercise price or tax liability on November 9, 2026

Option balance following exercise 0 options Reported position after the November 9, 2026 exercise

Class A shares held indirectly in an IRA 7,991 shares November 9, 2026

Key Terms

net exercise, exercise price, applicable tax withholdings

3 terms

net exercise financial

"This transaction represents a net exercise of stock options"

A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.

exercise price financial

"withheld by the issuer to satisfy the exercise price"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

applicable tax withholdings financial

"to satisfy the exercise price and/or applicable tax withholdings"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many AMH shares did Douglas N. Benham acquire through option exercise?

Douglas N. Benham exercised options covering 10,000 AMH Class A common shares on November 9, 2026, at an exercise price of $23.38. The acquired shares were reported at $33.17 per share, and 7,049 shares were delivered or withheld for payment of exercise price or tax liability.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

BENHAM DOUGLAS N

(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)
11/09/2026

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	11/09/2026		M		10,000	A	$33.17	49,648	D
Class A Common Shares	11/09/2026		F		7,049(1)	D	$33.17	42,599	D
Class A Common Shares								7,991	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)	$23.38	11/09/2026		M			10,000	02/23/2018(2)	02/23/2027	Class A Common Shares	10,000	$0	0	D

Explanation of Responses:

1. This transaction represents a net exercise of stock options where a portion of the shares was withheld by the issuer to satisfy the exercise price and/or applicable tax withholdings.

2. Options become exercisable in four equal annual installments begining on the "Date Exerciseable" indicated.

Remarks:

	/s/ Justin Liu, attorney-in-fact	11/12/2026
	** 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)