LGI Homes Inc
For the period ended Jun 30, 2024. Filed Jul 30, 2024.
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Jun 30, 2024 · Filed Jul 30, 2024
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Item 5. Other Information
On June 12, 2024, Eric Lipar, Chief Executive Officer of the Company, adopted a “Rule 10b5-1 trading arrangement,” as defined in Item 408(a) of Regulation S-K, that is intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. Subject to meeting the stock price conditions set forth therein and pursuant to the terms thereof, Mr. Lipar’s Rule 10b5-1 trading arrangement provides for the sale, between November 5, 2024 and November 5, 2026, of a maximum number of 50,000 shares of the Company’s common stock. Mr. Lipar’s Rule 10b5-1 trading arrangement will be in effect until the earlier of (i) November 5, 2026 and (ii) the completion of all sales contemplated thereunder.
Except as set forth above, during the three months ended June 30, 2024, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of the Company adopted orterminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
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