M/I Homes (MHO) CFO Phillip Creek Exercises Options, Sells Shares

What Happened
Phillip G. Creek (Executive Vice President & Chief Financial Officer; Director) exercised 30,000 stock options on Aug 4–5, 2026 and sold 30,000 shares in open-market transactions the same days. Exercises: 12,000 shares @ $51.82 ($621,840), 8,000 @ $47.59 ($380,720), and 10,000 @ $51.82 ($518,200) — total exercise cash paid ≈ $1,520,760. Open-market sales generated gross proceeds of about $4,504,050 (sales reported at weighted-average prices: 10,000 @ $149.00; 10,000 @ $150.13; 2,868 @ $150.53; 6,588 @ $151.54; 544 @ $152.09). The filing shows corresponding derivative disposition entries at $0, consistent with an exercise followed by immediate sale (cashless or immediate resale).

Key Details

• Transaction dates: Aug 4–5, 2026. Form 4 filed Aug 6, 2026 (timely within the usual two‑business‑day window).
• Options exercised: 30,000 total (12k, 8k, 10k) with total exercise cost ≈ $1,520,760.
• Shares sold (open market): 30,000 total; gross proceeds ≈ $4,504,050. Reported sale line prices are weighted averages (see footnotes for per‑trade price ranges).
• Footnotes: F1–F4 detail the price ranges used to compute weighted average sale prices; F5–F7 note vesting history for the option lots (some options vested Feb 2025 and Feb 2026).
• Amount of shares owned after the transactions is not specified in the excerpt provided.
• Transaction codes: M = option exercise/conversion; S = sale.

Context
Because the options were exercised and shares were sold on the same dates, this looks like a cash‑out/cashless pattern commonly used to realize value from vested options rather than a straightforward open‑market purchase (which could be interpreted as a bullish signal). This filing is factual disclosure of insider activity and does not itself indicate the insider’s future view of the company.