KB Home chair exercises options, sells 274,952 shares

Rhea-AI Filing Summary

KB Home Executive Chairman Jeffrey T. Mezger exercised stock options to acquire 274,952 shares of common stock at an exercise price of $16.21 per share and sold 274,952 shares in open-market transactions from July 13–15, 2026, at weighted-average prices between $54.24 and $56.94. Following these transactions, he directly owns 1,894,234 KB Home shares.

Insider Trade Summary

Exercise and Sale: 274,952 shares ($10.75M approx. pre-tax spread)

Exercise and Sale 12 txns

Insider MEZGER JEFFREY T

Role Executive Chairman

Sold 274,952 shs ($15.21M)

Approx. gross sale proceeds $15.21M

Approx. exercise cost $4.46M

Approx. pre-tax spread $10.75M

Type	Security	Shares	Price	Value
Exercise	Non-Qualfied Stock Option (Right to Buy) F7	51,018	$0.00	$0.00
Exercise	Common Stock	51,018	$16.21	$827K
Sale	Common Stock F5	21,010	$56.24	$1.18M
Sale	Common Stock F6	30,008	$56.70	$1.70M
Exercise	Non-Qualfied Stock Option (Right to Buy) F7	129,062	$0.00	$0.00
Exercise	Common Stock	129,062	$16.21	$2.09M
Sale	Common Stock F3	89,858	$54.87	$4.93M
Sale	Common Stock F4	39,204	$55.45	$2.17M
Exercise	Non-Qualfied Stock Option (Right to Buy) F7	94,872	$0.00	$0.00
Exercise	Common Stock	94,872	$16.21	$1.54M
Sale	Common Stock F1	82,047	$54.95	$4.51M
Sale	Common Stock F2	12,825	$55.81	$716K

Holdings After Transaction: Non-Qualfied Stock Option (Right to Buy) — 0 contracts (Direct); Common Stock — 1,894,234 shares (Direct)

Footnotes (7)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.54 to $55.53, inclusive. The reporting person undertakes to provide to KB Home, any security holder of KB Home, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within each range set forth in footnotes (1) - (6) to this Form 4.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.55 to $56.42, inclusive.
3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.24 to $55.23, inclusive.
4. F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.24 to $55.87, inclusive.
5. F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.52 to $56.51, inclusive.
6. F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.52 to $56.94, inclusive.
7. F7. The stock options vested in three equal installments on October 6, 2017, 2018 and 2019.

Key Figures

Shares sold: 274,952 shares Options exercised: 274,952 shares Exercise price: $16.21 per share +3 more

6 metrics

Shares sold 274,952 shares Aggregate open-market common stock sales over July 13–15, 2026

Options exercised 274,952 shares Common shares acquired through stock option exercises over July 13–15, 2026

Exercise price $16.21 per share Exercise price of the non-qualified stock options converted into common stock

Shares owned after transactions 1,894,234 shares Direct KB Home common stock ownership reported after the last July 15, 2026 trade

Sale price range $54.24–$56.94 per share Range of individual transaction prices across the reported weighted-average sales

Option expiration date 2026-10-06 Expiration date for the non-qualified stock options that were exercised

Key Terms

Non-Qualfied Stock Option (Right to Buy), weighted average price, derivative security

3 terms

Non-Qualfied Stock Option (Right to Buy) financial

"The security title is listed as Non-Qualfied Stock Option (Right to Buy)."

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

derivative security financial

"Transaction code M is described as Exercise or conversion of derivative security."

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

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

What insider transactions did KB Home (KBH) report for Executive Chairman Jeffrey Mezger?

KB Home reported that Jeffrey T. Mezger exercised 274,952 stock options at $16.21 per share and sold 274,952 common shares in open-market transactions. The trades occurred over July 13–15, 2026, and were reported with weighted-average sale prices.

Over what dates and price range did KBH’s Jeffrey Mezger sell shares?

Jeffrey Mezger sold KB Home shares on July 13, 14 and 15, 2026 at weighted-average prices generally in the mid-$50s. Footnotes state individual sale prices ranged from $54.24 to $56.94 per share across multiple transaction groups.

How many KBH shares does Jeffrey Mezger hold after these reported trades?

After the reported option exercises and sales, Jeffrey Mezger directly owns 1,894,234 KB Home common shares. This share count appears as the total following the final reported open-market sale on each of the three trading dates.

What was the exercise price and nature of the options Mezger exercised in KBH?

Mezger exercised non-qualified stock options to acquire a total of 274,952 KB Home shares at an exercise price of $16.21 per share. A footnote explains these stock options vested in three equal installments in 2017, 2018 and 2019.

Did KBH’s Form 4 for Jeffrey Mezger involve derivative securities activity?

Yes. The filing shows three derivative transactions involving Non-Qualfied Stock Option (Right to Buy) awards, corresponding to 274,952 underlying common shares. These options were exercised and converted into common stock before the related open-market sales.

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

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Accepted by SEC EDGAR 07/15/2026 - 05:18 PM EDT 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^*

MEZGER JEFFREY T

(Last) (First) (Middle)

C/O KB HOME, 10990 WILSHIRE BOULEVARD

7TH FLOOR

(Street)

LOS ANGELES CALIFORNIA 90024

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KB HOME [ KBH ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/13/2026

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
Common Stock	07/13/2026		M		94,872	A	$16.21	1,989,106	D
Common Stock	07/13/2026		S		82,047	D	$54.95(1)	1,907,059	D
Common Stock	07/13/2026		S		12,825	D	$55.81(2)	1,894,234	D
Common Stock	07/14/2026		M		129,062	A	$16.21	2,023,296	D
Common Stock	07/14/2026		S		89,858	D	$54.87(3)	1,933,438	D
Common Stock	07/14/2026		S		39,204	D	$55.45(4)	1,894,234	D
Common Stock	07/15/2026		M		51,018	A	$16.21	1,945,252	D
Common Stock	07/15/2026		S		21,010	D	$56.24(5)	1,924,242	D
Common Stock	07/15/2026		S		30,008	D	$56.7(6)	1,894,234	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
Non-Qualfied Stock Option (Right to Buy)	$16.21	07/13/2026		M			94,872	(7)	10/06/2026	Common Stock	94,872	$0	180,080	D
Non-Qualfied Stock Option (Right to Buy)	$16.21	07/14/2026		M			129,062	(7)	10/06/2026	Common Stock	129,062	$0	51,018	D
Non-Qualfied Stock Option (Right to Buy)	$16.21	07/15/2026		M			51,018	(7)	10/06/2026	Common Stock	51,018	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.54 to $55.53, inclusive. The reporting person undertakes to provide to KB Home, any security holder of KB Home, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within each range set forth in footnotes (1) - (6) to this Form 4.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.55 to $56.42, inclusive.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.24 to $55.23, inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.24 to $55.87, inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.52 to $56.51, inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.52 to $56.94, inclusive.

7. The stock options vested in three equal installments on October 6, 2017, 2018 and 2019.

Remarks:

	Tony Richelieu, Attorney-in-Fact for Jeffrey T. Mezger	07/15/2026
	** 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)