Yip Christopher J. 4

What Happened

• Christopher J. Yip, a director of Taylor Morrison Home Corporation (TMHC), had his common shares and deferred stock units (DSUs) converted into cash as part of the company’s merger with Berkshire Hathaway. On July 24, 2026 he disposed of 10,930 shares at $72.50 each ($792,425) and 13,295 DSUs (treated as derivative shares) at $72.50 each ($963,888), for a total cash amount of $1,756,313. These dispositions were made to the issuer pursuant to the merger.

Key Details

• Transaction date: July 24, 2026; reported on Form 4 filed July 27, 2026 (filed within required two business days).
• Price: $72.50 per share (the merger consideration).
• Shares/units disposed: 10,930 common shares + 13,295 DSUs = 24,225 total shares/units.
• Cash received (total): $792,425 + $963,888 = $1,756,313.
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes: F1 — Berkshire Hathaway acquired Taylor Morrison and each share was converted into $72.50 in cash at the merger’s effective time. F2 — DSUs vested, were cancelled and converted into a cash amount equal to the number of DSUs times the merger consideration.
• Transaction code: D (disposition to the issuer); one line is reported as derivative (DSUs).

Context

• This was not a voluntary open-market sale but a cash-out resulting from an acquisition: outstanding common shares and DSUs were converted into merger consideration. Derivative DSUs did not convert into shares but into cash per the merger terms. Such conversion transactions reflect the corporate event (merger) rather than an insider decision to buy or sell on the open market.