Snider Michael Larry 4

What Happened

• Michael L. Snider, President and Chief Operating Officer of LGI Homes, reported an award acquisition and multiple open-market sales. On 2026-03-08 he was issued 12,128 shares (reported at $0.00, i.e., award/vesting). On 2026-03-09 he sold a total of 13,887 shares in several transactions for aggregate proceeds of $583,777 (approx. $42.04 per share weighted average).
• The filing states the sales were made to satisfy withholding tax obligations arising from the vesting award. Overall, Snider sold 1,759 more shares than the award amount—indicating some sales came from previously held shares.

Key Details

• Transaction dates: Award vested 2026-03-08; sales executed 2026-03-09; filing dated 2026-03-10 (timely).
• Award: 12,128 shares acquired at $0.00 (vesting).
• Sales (by reported blocks): 5,602 @ $41.54 ($232,707); 404 @ $42.55 ($17,190); 1,881 @ $43.41 ($81,654); 4,262 @ $41.54 ($177,043); 307 @ $42.55 ($13,063); 1,431 @ $43.41 ($62,120). Total sold 13,887 shares for $583,777.
• Footnotes: F1 — sales relate to withholding taxes for the award vesting 3/8/2026. F2–F4 — reported prices are weighted averages for multiple trades within the listed price ranges ($41.06–$43.67 across blocks); the filer will provide per-price breakdown on request.
• Shares owned after the transactions: not specified in the provided filing.

Context

• These transactions reflect an award vesting with concurrent share sales to cover tax withholding — a common, routine event for executives. Such tax-withholding sales are not the same signal as opportunistic insider selling or purchases; purchases generally carry more weight for bullish interpretation.
• Filing appears timely (reported within the SEC’s two-business-day window).