Vanguard Portfolio Management (NYSE: KBH) discloses 5.21% beneficial stake in KB Home

Rhea-AI Filing Summary

Vanguard Portfolio Management LLC reports beneficial ownership of KB Home common stock. It reports holding 3,269,285 shares, representing 5.21% of the outstanding common stock. Vanguard has sole power to vote or direct the vote over 46,834 shares and sole power to dispose or direct the disposition of 3,269,285 shares, with no shared voting or dispositive power.

The disclosure explains that these securities are beneficially owned, or deemed beneficially owned, by Vanguard Portfolio Management LLC together with certain affiliates, including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, largely on behalf of Vanguard funds and other managed accounts.

Key Figures

Shares beneficially owned: 3,269,285 shares Percent of class: 5.21 % Sole voting power: 46,834 shares +4 more

7 metrics

Shares beneficially owned 3,269,285 shares KB Home common stock reported by Vanguard Portfolio Management

Percent of class 5.21 % Portion of KB Home common stock class held by Vanguard Portfolio Management

Sole voting power 46,834 shares KB Home shares over which Vanguard Portfolio Management has sole voting power

Shared voting power 0 KB Home shares with shared voting power reported by Vanguard Portfolio Management

Sole dispositive power 3,269,285 shares KB Home shares over which Vanguard Portfolio Management can solely direct disposition

Shared dispositive power 0 KB Home shares with shared dispositive power reported

Signature date 07/31/2026 Date My Trieu-Gatt signed as Authorized Signatory

Key Terms

beneficially owned, dispositive power, sole power to vote, percent of class, +1 more

5 terms

beneficially owned financial

"this reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

dispositive power financial

"exercises dispositive power, in addition to securities held by clients over which"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

sole power to vote financial

"Number of shares as to which the person has | (i) Sole power to vote or to direct the vote"

percent of class financial

"Ownership (a) | Amount beneficially owned: 3269285 (b) | Percent of class: 5.21 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

Investment Company Act of 1940 regulatory

"investment companies registered under the Investment Company Act of 1940 and other managed accounts"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

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

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Available on EDGAR 07/31/2026 - 11:20 AM Accepted by SEC EDGAR 07/31/2026 - 11:20 AM Learn about SEC filing dates

FAQ

How many KBH shares does Vanguard Portfolio Management report owning?

Vanguard Portfolio Management reports 3,269,285 KB Home common shares beneficially owned. This position is disclosed under Schedule 13G and reflects holdings managed by Vanguard Portfolio Management and specified affiliates, including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC.

What percentage of KBH’s common stock is held by Vanguard Portfolio Management?

Vanguard Portfolio Management reports holding 5.21% of KB Home’s common stock. This percentage reflects the beneficial ownership attributed to Vanguard Portfolio Management and certain affiliates that manage Vanguard funds and other client accounts in KB Home shares.

What voting power does Vanguard Portfolio Management have over KBH shares?

Vanguard Portfolio Management has sole voting power over 46,834 KB Home shares and no shared voting power. The remaining reported shares are held with dispositive power but without corresponding sole voting authority as disclosed in the ownership breakdown.

What dispositive power does Vanguard Portfolio Management report over KBH stock?

Vanguard Portfolio Management reports sole dispositive power over 3,269,285 KB Home shares and no shared dispositive power. Dispositive power refers to the authority to dispose of or direct the disposition of the securities on behalf of clients and funds.

Does any single Vanguard client own more than 5% of KBH according to this filing?

No. The filing states that no one other person’s interest in the reported KB Home securities is more than 5%. The reported 5.21% interest is aggregated across Vanguard funds and other managed accounts served by Vanguard Portfolio Management and affiliates.

Who signed the Schedule 13G for KBH on behalf of Vanguard Portfolio Management?

The Schedule 13G was signed by My Trieu-Gatt, identified as Authorized Signatory, Head of Global Fund Administration. The signature date is 07/31/2026, confirming the certification of the reported ownership information for KB Home.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

KB Home

(Name of Issuer)

Common Stock

(Title of Class of Securities)

48666K109

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 48666K109

1

Names of Reporting Persons

Vanguard Portfolio Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 46,834.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,269,285.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,269,285.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.21 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC, or business divisions of such subsidiaries whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: KB Home
(b)	Address of issuer's principal executive offices: 10990 Wilshire Blvd, Los Angeles, CA, 90024
Item 2.
(a)	Name of person filing: Vanguard Portfolio Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 48666K109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3269285
(b)	Percent of class: 5.21 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 46834
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3269285
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Portfolio Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vanguard Portfolio Management

Signature:	My Trieu-Gatt
Name/Title:	Authorized Signatory, Head of Global Fund Administration
Date:	07/31/2026