SCHOTTENSTEIN ROBERT H 4

What Happened

• Robert H. Schottenstein, Chairman, President & CEO of M/I Homes (MHO), exercised 24,000 options on Feb 18, 2026 at $47.59 each (total cash cost reported: $1,142,160) and completed multiple open-market sales totaling 27,608 shares for aggregate proceeds of $3,984,162.
• The sales were reported in four blocks at weighted-average prices: ~16,354 shares at $143.55 (≈ $2.35M), 10,409 shares at $145.30 (≈ $1.51M), 541 shares at $146.68 (≈ $79k), and 304 shares at $147.10 (≈ $45k).
• The Form 4 also shows 24,000 shares disposed at $0.00 in connection with the derivative transaction (see Key Details). Overall this filing reflects an option exercise combined with substantial open‑market selling.

Key Details

• Transaction date: February 18, 2026 (options vested on Feb 17, 2026 per footnote F6).
• Option exercise: 24,000 shares acquired at $47.59 each (line marked M); reported cash cost $1,142,160.
• Shares sold: total 27,608 shares sold in multiple transactions for total proceeds of $3,984,162 (weighted-average prices reported; see F2–F5 for price ranges).
• Derivative/zero-price line: 24,000 shares disposed at $0.00 in connection with the exercise — filings like this commonly reflect shares surrendered to cover exercise/tax obligations (reported as a derivative disposition).
• Shares owned after transaction: the filing does not list a simple direct total, but footnote F1 reports indirect holdings of 36,500 + 94,983 + 94,604 = 226,087 shares held in trusts; the reporting person disclaims beneficial ownership of 10,000 shares held by spouse.
• Filing timeliness: Period of report 2026-02-18, filed 2026-02-19 — appears timely (not marked late).

Context

• This is a combination of an option exercise and immediate sales. When options vest and holders sell some or all resulting shares (and/or surrender shares to cover taxes), the mechanics can look like a cashless exercise—exercise + withholding/surrender + open‑market sales.
• For retail investors: purchases (buys) often signal conviction; sales by insiders can be routine (liquidity, tax, option exercises). This filing documents both an acquisition via exercise and significant open‑market selling on the same date.