American Homes 4 Rent (AMH) director adds 1,200 Series H preferred shares

Rhea-AI Filing Summary

American Homes 4 Rent director Douglas N. Benham reported buying additional preferred shares. On this Form 4, he disclosed an open-market purchase of 1,200 Series H Perpetual Preferred Shares at a weighted average price of $24.20 per share, with individual trade prices ranging from $24.11 to $24.24.

After this transaction, he indirectly held 44,717 of these preferred shares through an IRA and directly held 11,027 preferred shares in his own name.

Insights

Equity ownership analyst

Director increased preferred share holdings via a modest open-market purchase.

Director Douglas N. Benham acquired 1,200 Series H Perpetual Preferred Shares of American Homes 4 Rent in an open-market transaction at a weighted average price of $24.20 per share, with prices ranging from $24.11 to $24.24.

The filing shows 44,717 preferred shares held indirectly through an IRA and 11,027 shares held directly following the reported activity. This is a relatively small transaction in absolute terms and appears as a routine portfolio adjustment rather than a thesis-changing event.

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

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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 NV 89119

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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

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

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

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
Series H Perpetual Preferred Shares	03/02/2026		P		1,200	A	$24.2(1)	44,717	I	IRA
Series H Perpetual Preferred Shares								11,027	D

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

Explanation of Responses:

1. Represents weighted average price. The price ranged from $24.11 to $24.24. The reporting person will provide the issuer, any security holder of issuer or the Securities Exchange Commission, upon request, full information regarding the number of shares purchased at each price.

Remarks:

	/s/ Justin Liu, attorney-in-fact	03/04/2026
	** 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.

FAQ

What insider transaction did American Homes 4 Rent (AMH) disclose in this Form 4?

American Homes 4 Rent reported that director Douglas N. Benham bought 1,200 Series H Perpetual Preferred Shares. The shares were acquired in an open-market transaction, reflecting a modest increase in his preferred equity exposure to the company.

At what price did the AMH director buy the Series H Perpetual Preferred Shares?

The director’s purchase had a weighted average price of $24.20 per share. Individual trades occurred between $24.11 and $24.24, according to the disclosure, with full trade breakdowns available upon request from the issuer or the SEC.

How many American Homes 4 Rent preferred shares does the director hold after the transaction?

Following the reported activity, Douglas N. Benham indirectly holds 44,717 Series H Perpetual Preferred Shares through an IRA. He also directly owns 11,027 preferred shares in his own name, as reflected in the Form 4 ownership table.

Is the AMH director’s purchase categorized as a buy or a sell transaction?

The transaction is categorized as a buy, specifically an open-market purchase. The filing uses transaction code P, indicating the shares were acquired in open-market or private transactions rather than being sold or disposed of.

How is the AMH director’s ownership in this filing split between direct and indirect holdings?

The filing shows indirect ownership of 44,717 Series H Perpetual Preferred Shares through an IRA and direct ownership of 11,027 shares. This distinction clarifies which shares are personally held versus those held in an individual retirement account.

What does the weighted average price footnote mean in the AMH Form 4 filing?

The weighted average price footnote explains that the 1,200 purchased shares were executed at prices between $24.11 and $24.24. The reported $24.20 is the average, and detailed trade-by-trade pricing is available from the issuer or SEC upon request.