UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report: ~~September 24~~October 9, 2025

(Date of earliest event reported)

KB HOME

(Exact name of registrant as specified in its charter)

Delaware

1-9195

95-3666267

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

10990 Wilshire Boulevard

Los Angeles, California 90024

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (310) 231-4000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Securities registered pursuant to Section 12(b) of the Act:
Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock (par value $1.00 per share)	KBH	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).


Emerging growth company			☐


If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.			☐

Item 2 5.02 ~~Results~~Departure of ~~Operations~~Directors ~~and~~or ~~Financial~~Certain ~~Condition~~Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(e) Long-Term Incentive Awards. On ~~September 24~~October 9, 2025, KBthe ~~Home~~management ~~issued~~development aand ~~press~~compensation ~~release~~committee ~~announcing~~of ~~its~~the ~~results~~board of ~~operations~~directors ~~for~~of ~~the~~KB ~~three~~Home ~~months~~approved ~~and~~grants ~~nine~~of ~~months~~long-term ~~ended~~incentive ~~August 31,~~awards ~~2025. A~~to ~~copy~~KB ofHome’s named executive officers listed below under the ~~press~~terms ~~release~~of isthe ~~furnished~~Amended asand ~~Exhibit~~Restated ~~99.1~~KB toHome ~~this~~2014 ~~report~~Equity Incentive Plan and isthe ~~incorporated~~most ~~herein~~recently filed form performance-based restricted stock unit (“PSU”) award agreement.

The ~~information~~awards into ~~this~~the ~~report,~~named ~~including~~executive ~~Exhibit~~officers ~~99.1~~consisted ~~attached~~solely ~~hereto,~~of ~~shall~~PSUs ~~not~~corresponding beto ~~deemed~~a totarget beaward amount of shares of KB Home common stock (“~~filed~~Award Shares”) for ~~purposes~~each ofrecipient. ~~Section 18~~Each PSU entitles a recipient to receive between 0% to 200% of the ~~Securities~~recipient’s Award Shares based on KB Home’s achieving over the three-year performance period commencing on December 1, 2025 and ~~Exchange~~ending ~~Act~~on ofNovember ~~1934~~30, as2028 ~~amended~~specified levels of (~~the~~a) cumulative ~~“Exchange~~adjusted ~~Act”~~earnings per share; (b), oraverage ~~otherwise~~adjusted ~~subject~~return on invested capital; and (c) revenue growth performance relative to ~~the~~a ~~liabilities~~peer group of ~~that~~high-production ~~Section~~public homebuilding companies. The earnings per share performance measure will determine 40%, the average return on invested capital performance measure will determine 35%, and ~~shall~~the ~~not~~relative revenue growth performance measure will determine 25%, of the final number of shares of KB Home common stock that may be ~~incorporated~~issued pursuant to each PSU. Each PSU recipient is also entitled to a cash payment equal to the ratio of such final number of shares issued to them to their respective Award Shares multiplied by ~~reference~~a ~~into~~credited ~~any~~dividend ~~filing~~equivalent ~~under~~amount for each Award Share. The credited dividend equivalent amount is equal to all the ~~Securities~~cash ~~Act~~dividends paid in respect of ~~1933~~one share of KB Home common stock with a record date between the grant date and the date the committee determines the applicable performance achievements. If performance over the performance period for all three performance measures is below specific thresholds, aseach ~~amended~~PSU recipient will receive no shares of KB Home common stock and no credited cash dividend amount. A recipient will generally forfeit all rights to receive Award Shares and cash upon a termination of service, orexcept that a recipient will vest in the ~~Exchange~~full ~~Act~~Award Shares and cash payout ultimately determined for each PSU, ~~except~~if asany, ~~shall~~upon betheir ~~expressly~~death, ~~set~~disability ~~forth~~or byattaining ~~specific~~or ~~reference~~having inattained ~~such~~at aleast ~~filing~~55 years of age and 15 consecutive years of service with KB Home.

~~Item 9.01~~The ~~Financial~~below ~~Statements~~table ~~and~~shows ~~Exhibits~~the respective Award Shares granted to KB Home’s named executive officers on October 9, 2025.

(d) Exhibits.


Named Executive Officer						Performance-Based Restricted Stock Units (#)
Robert V. McGibney						60,774
Jeffrey T. Mezger						125,022
Albert Z. Praw						16,496
Brian J. Woram						16,496

99.1 Press release dated September 24, 2025 announcing KB Home’s results of operations for the three months and nine months ended August 31, 2025.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

EXHIBIT INDEX

Exhibit No.						Description
99.1						Press release dated September 24, 2025 announcing KB Home’s results of operations for the three months and nine months ended August 31, 2025
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: ~~September 24~~October 15, 2025

KB Home By: /s/ William A. (Tony) Richelieu William A. (Tony) Richelieu Vice President, Corporate ~~Secretaryand~~Secretary and Associate General Counsel

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