KB Home files regulatory reports that document its status as an NYSE-listed homebuilder with common stock traded under KBH. Recent Form 8-K reports cover operating results, share repurchases, executive leadership changes, director matters and compensation arrangements for senior officers.
The company's proxy materials describe board elections, stockholder voting matters, executive compensation, equity-award information and governance practices. These filings frame KB Home's formal disclosures around homebuilding operations, public-company governance, capital returns and the registered common-stock structure.
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.
KB Home President and CEO Robert V. McGibney exercised non-qualified stock options for 20,621 shares of common stock at $16.21 per share and on the same day sold 20,621 shares in open-market transactions at a weighted average price of $55.31 (range $55.26–$55.40). Following these transactions, he directly owns 188,705 KB Home shares.
KB Home has established an automatic shelf registration on Form S-3 that permits it to offer, from time to time after effectiveness, a broad range of securities, including debt securities (with subsidiary guarantees), preferred stock, common stock, warrants, stock purchase contracts and units, and depositary shares. Any common stock issued under this program is expected to be listed on the New York Stock Exchange under the symbol KBH. Net proceeds from future offerings, unless specified otherwise in a supplemental prospectus, will be used for general corporate purposes such as developing new residential and commercial properties, repaying debt, and pursuing potential land or corporate acquisitions.
As of May 31, 2026, KB Home had 61,309,728 shares of common stock outstanding and was authorized to issue 290,000,000 common shares, 25,000,000 special common shares, and 10,000,000 preferred shares; these figures describe the current capital structure and are not the amounts being offered. The debt securities may be issued as senior or senior subordinated obligations, supported initially by guarantees from key homebuilding subsidiaries, and are governed by detailed covenants on secured debt, sale-leaseback transactions and subsidiary guarantees that define creditor priority within the group’s holding-company structure.
KB Home reported much weaker results for the quarter and six months ended May 31, 2026 as higher rates and affordability pressures slowed demand. Quarterly revenues fell to $1.11 billion from $1.53 billion, a 27% drop, while net income declined to $27.3 million from $107.9 million. Diluted earnings per share decreased to $0.43 from $1.50. For the first half, revenues were $2.19 billion, down 25%, with net income of $60.8 million versus $217.4 million, and diluted EPS of $0.96 versus $3.00.
Homebuilding pretax income dropped 77% in the quarter, reflecting lower volumes and housing gross margin compression to 15.2% from 19.3%. The company still generated 3,317 net orders, only 4% below last year, with an average selling price of about $466,800 and a higher average community count of 278. KB Home ended the period with $200.8 million in cash, $5.73 billion of inventories, and $1.97 billion of notes payable, including $275 million drawn on its revolving credit facility. It repurchased about 2.22 million shares for $125 million, leaving $775 million under its authorization, and began incurring costs tied to relocating its corporate headquarters, with $1.5 million recognized so far against an expected total of $8–12 million.
KB Home reported sharply lower results for its 2026 second quarter, but maintained solid liquidity and reiterated detailed guidance for the rest of the year. Total revenues fell 27% year over year to $1.11 billion as homes delivered dropped 23% to 2,395 and the average selling price declined to $461,900. Homebuilding operating income decreased to $28.2 million, with a 2.5% operating margin as housing gross profit margin compressed to 15.2% due to price reductions, higher land costs and reduced operating leverage.
Net income for the quarter was $27.3 million, down from $107.9 million, and diluted earnings per share were $0.43 versus $1.50. For the first six months, revenues were $2.19 billion with net income of $60.8 million and diluted EPS of $0.96. Despite softer results, KB Home ended the quarter with $1.12 billion of total liquidity, including $199.8 million of cash and significant capacity on its revolving credit facility.
The company repurchased 1.4 million shares in the quarter for $75 million, contributing to book value per share of $61.93 based on approximately 61.3 million shares outstanding. Management guided 2026 third-quarter deliveries to 2,600–2,800 homes and full-year deliveries to 10,500–11,000, with expected housing revenues of $4.90–$5.30 billion and housing gross margins modestly above current levels.
KB HOME ownership update: FMR LLC reports beneficial ownership of 5,080,393.72 shares of Common Stock, representing 8.1% of the class. The filing is an Amendment No. 6 to a Schedule 13G/A and notes voting and dispositive powers held by FMR LLC and Abigail P. Johnson.
The cover lists the issuer address as 10990 Wilshire Blvd, Los Angeles, CA and includes a referenced Exhibit 99 and a power of attorney dated April 13, 2026.
KB Home reported that Executive Vice President and Chief Financial Officer Robert R. Dillard has resigned. The resignation was communicated on April 29, 2026 and will be effective May 8, 2026.
KB Home stated that Mr. Dillard’s decision was not related to any disagreement with the company or with its financial or accounting policies or practices.
KB HOME director Jodee A. Kozlak received a stock award in the form of common stock units. On this award date, she acquired 3,269 units at no cash cost under the Amended and Restated KB Home Non-Employee Directors Compensation Plan, which is exempt under Rule 16b-3.
Each stock unit represents the right to receive one share of KB Home common stock, bringing her direct holdings after this grant to 30,597 shares. This filing reflects routine non-cash director compensation rather than an open-market purchase or sale.