Robert H. Schottenstein, Chairman, CEO, and President of M/I Homes (NYSE: MHO), has demonstrated a consistent pattern of selling activity in the company’s stock over the past two years, with no recent purchases recorded in SEC filings. Since February 2024, Schottenstein has executed 15 sales totaling over $20.6 million, with the largest transactions occurring in February 2026, including a $2.35 million sale on February 18 and a $2.2 million sale on February 12. These disposals were often paired with smaller transactions, such as a $44,719 sale on the same February 18 date, suggesting a structured approach to reducing his position. The sales have been supplemented by occasional option exercises (coded "M"), including a $1.14 million transaction on February 18, 2026, and an $844,600 exercise on February 10, 2026, with the proceeds from these exercises frequently followed by immediate sales.
Schottenstein’s trading history reveals a clear focus on M/I Homes as his sole reported holding, with no activity in other publicly traded companies. The timing of sales often clusters around mid-February, coinciding with annual award vesting dates, as seen in transactions from 2024 through 2026. Notably, his February 2025 sales included a $1.71 million disposal on February 12 and a $426,652 sale on February 19, reinforcing the pattern of periodic divestment. While the dollar values fluctuate, the overall trend points to a steady reduction in exposure, with no offsetting buys in the same period. The absence of purchases since at least 2024 underscores a one-sided trading bias, though the retained position size—evidenced by ongoing option activity—suggests continued, albeit diminished, alignment with the company.
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