Lipar Eric Thomas 4
Research Summary
AI-generated summary
LGI Homes (LGIH) 10% Owner Eric Lipar Sells Shares
What Happened
Eric Lipar, a reported 10% owner of LGI Homes (LGIH), received an award of 35,622 shares on March 8, 2026 (acquired at $0.00) and sold a total of 39,898 shares on March 9, 2026 in multiple open-market transactions. The sales generated aggregate proceeds of approximately $1,675,684. According to the filing footnote, the sales relate to withholding taxes for the awards that vested on March 8, 2026.
Key Details
- Transaction dates: Award vested 2026-03-08; sales executed 2026-03-09; Form 4 filed 2026-03-10 (appears timely).
- Award: 35,622 shares granted/vested at $0.00 (code A).
- Sales (open market):
- 17,686 shares at $41.54 — $734,676 (weighted avg; range $41.06–$42.05)
- 1,274 shares at $42.55 — $54,209 (weighted avg; range $42.06–$43.02)
- 5,938 shares at $43.41 — $257,769 (weighted avg; range $43.06–$43.67)
- 10,802 shares at $41.54 — $448,715 (weighted avg; range $41.06–$42.03)
- 1,878 shares at $42.40 — $79,627 (weighted avg; range $42.06–$43.05)
- 2,320 shares at $43.40 — $100,688 (weighted avg; range $43.06–$43.59)
- Total sold: 39,898 shares for ~$1,675,684.
- Footnotes: F1 states these sales relate to tax withholding for the March 8 vesting. F2–F7 explain reported prices are weighted averages and provide price ranges for the multiple transactions. F8–F9 indicate the reporting person’s ownership structure (sole owner of GP/sole owner of entity).
- Shares owned after the transactions: not specified in the provided excerpt — check the full Form 4 for post-transaction beneficial ownership.
Context
- These transactions are routine for vesting events: shares are often sold to cover required tax withholding (footnote F1), so sales in this context are not necessarily a negative signal about company prospects.
- The reporting person is a 10% owner (not labeled here as an officer or director), and the filing does not indicate a 10b5-1 plan or an exercise of options; this was an award vesting with subsequent sales for taxes.
- Filing appears timely (filed within days of the transactions); no late-filing flag was provided.
For exact post-transaction holdings or a breakdown of each sale price within the weighted averages, review the full Form 4 filing (Accession No. 0001580670-26-000022).