Merdian Charles Michael 4

What Happened

• Charles Merdian, CFO and Treasurer of LGI Homes (LGIH), had 11,218 shares issued to him on vesting (reported as an award/acquisition on 2026-03-08 at $0). Following the vesting, he sold a total of 7,211 shares in open-market transactions on 2026-03-09 for an aggregate proceeds of approximately $303,134. The share disposals were reported in three tranches: 5,122 shares (weighted avg $41.54) for $212,768; 369 shares (weighted avg $42.55) for $15,701; and 1,720 shares (weighted avg $43.41) for $74,665.
• These sales were reported as related to tax withholding for the shares that vested.

Key Details

• Transaction dates: Award vested 2026-03-08 (A); sales executed 2026-03-09 (S). Form filed 2026-03-10 (timely).
• Prices and totals: 5,122 @ $41.54 = $212,768; 369 @ $42.55 = $15,701; 1,720 @ $43.41 = $74,665. Total proceeds ≈ $303,134.
• Footnotes: F1 states the sales were to satisfy withholding taxes on the March 8 vesting; F2–F4 note the reported prices are weighted averages and the individual trades ranged from $41.06 to $43.67 across the tranches.
• Shares owned after the transactions: Not specified in the filing.
• Filing timeliness: Filed March 10, 2026 — within the usual Form 4 reporting window (not indicated as late).

Context

• The filing shows a vesting award followed by partial sell-to-cover activity for taxes. Sell-to-cover for tax withholding is a routine administrative sale tied to compensation vesting and does not by itself signal a change in insider sentiment. Purchases (which can indicate direct insider bullishness) were not part of this report.