M/I Homes (MHO) Ex-CFO Phillip Creek Exercises Options, Sells 20,000

What Happened

• Phillip G. Creek, a director and former Vice President & CFO of M/I Homes (MHO), exercised stock options to acquire 20,000 shares (10,000 on 2026-07-31 and 10,000 on 2026-08-03) at an exercise price of $47.59 per share, then sold those 20,000 shares in open-market transactions (10,000 at $150.00 and 10,000 at $148.00).
• Cash paid to exercise: $951,800 (20,000 × $47.59). Gross proceeds from sales: $2,980,000. The transactions appear to be a cashless exercise followed by immediate sales.

Key Details

• Transaction dates and prices:
  • 2026-07-31: exercised 10,000 @ $47.59; sold 10,000 @ $150.00 (proceeds $1,500,000).
  • 2026-08-03: exercised 10,000 @ $47.59; sold 10,000 @ $148.00 (proceeds $1,480,000).
  • Form also shows the derivative/option lines with $0 consideration indicating the option instrument was disposed upon exercise.
• Total acquired via exercise: 20,000 shares; total sold: 20,000 shares; gross sale proceeds ≈ $2.98M; total exercise cost ≈ $951,800.
• Footnotes: the option grants vested on 02/17/2023 (F1) and 02/17/2024 (F2).
• Shares owned after the transactions: not specified in the information provided in this summary.
• Filing: report filed 2026-08-04 covering trades on 2026-07-31 and 2026-08-03. The 07/31 trades were reported more than two business days after the trade date, which could indicate a late filing for those earlier transactions (Form 4 is normally due within two business days).

Context

• This is a common "exercise-and-sell" (cashless exercise) pattern: the insider exercised vested options and sold the resulting shares rather than holding them. Sales are often routine (liquidity or tax-related) and do not by themselves indicate company outlook.
• The filing does not indicate a 10b5-1 plan or that Creek is a 10% owner; no additional reasons (e.g., tax withholding method) are reported in the supplied details.