KB HOME — Director's Dealing 2023

May 18, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KB HOME (KBH)
CIK: 0000795266
Period of Report: 2023-05-16

Reporting Person: MEZGER JEFFREY T (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-16	Common Stock	M	150000	$16.63	Acquired	1622577	Direct
2023-05-16	Common Stock	S	98313	$45.07	Disposed	1524264	Direct
2023-05-16	Common Stock	S	51687	$45.61	Disposed	1472577	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-16	Non-Qualified Stock Options (Right to Buy)	$16.63	M	150000	Disposed	2023-10-10	Common Stock (150000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.38 to $45.375, 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) and (2) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $45.40 to $45.73, inclusive.

F3: The stock options vested in three equal annual installments beginning on October 10, 2014.