KB HOME 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds The following table summarizes purchases of our own equity securities during the three months ended February 29, 2024 (dollars in thousands, except per share amounts): Period Total Number of Shares Purchased Average Price Paid per Share Dollar Value of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (a) December 1-31 — $ — $ — $ 163,562 January 1-31 — — — 163,562 February 1-29 1,085,140 61.29 50,000 113,562 Total 1,085,140 $ 61.29 $ 50,000 (a) On March 21, 2023, our board of directors authorized us to repurchase up to $500.0 million of our outstanding common stock. As of November 30, 2023, there was $163.6 million of remaining availability under this share repurchase authorization. In the 2024 first quarter, we repurchased 826,663 shares of our common stock on the open market pursuant to this authorization at a total cost of $50.0 million. As of February 29, 2024, we were authorized to repurchase up to $113.6 million of common stock in additional transactions. The total number of shares purchased and average price paid per share in the above table includes previously issued shares delivered to us by employees to satisfy withholding taxes on the vesting of PSUs in February 2024, as described in Note 18 – Stockholders’ Equity in the Notes to Consolidated Financial Statements in this report. These transactions are not considered repurchases under the board of directors’ authorization.