Company: LGIH
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001580670-25-000028
Chunk: 85

Company: LGI Homes, Inc.
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 85
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 terminate or expire for any reason without having been exercised in full, the shares of Common Stock not purchased hereunder pursuant to such rights shall be available again for purposes of the Plan.”

2. Full Force and Effect . Except as otherwise set forth in this Amendment, the Plan shall remain in full force and effect.

3. Effective Date of Amendment . This Amendment shall not become effective unless the Company’s stockholders approve the increase to the total number of shares of Common Stock available for sale pursuant to the Plan, as set forth in Section 1 above, during the 2025 Annual Meeting of the Stockholders of the Company, scheduled to be held on April 24, 2025. If approved, then this Amendment shall become effective as of the date of such meeting.

IN WITNESS WHEREOF, the Company, by its duly authorized officer, has executed this Amendment effective as of ____________________, 2025.

#### LGI HOMES, INC.
By: ___________________________________

Name:

Title:

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#### ANNEX B
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#### ANNEX C

#### Non-GAAP Measures
In addition to the results reported in accordance with accounting principles generally accepted in the United States (“GAAP”), we have provided information in this Proxy Statement relating to adjusted gross margin and EBITDA.

#### Adjusted Gross Margin
Adjusted gross margin is a non-GAAP financial measure used by management as a supplemental measure in evaluating operating performance. We define adjusted gross margin as gross margin less capitalized interest and adjustments resulting from the application of purchase accounting included in the cost of sales. Our management believes this information is useful because it isolates the impact that capitalized interest and purchase accounting adjustments have on gross margin. However, because adjusted gross margin information excludes capitalized interest and purchase accounting adjustments, which have real economic effects and could impact our results, the utility of adjusted gross margin information as a measure of our operating performance may be limited. In addition, other companies may not calculate adjusted gross margin information in the same manner that we do. Accordingly, adjusted gross margin information should be considered only as a supplement to gross margin information as a measure of our performance.

The following table reconciles adjusted gross margin to gross margin, which is the GAAP financial measure that our management believes to be most directly comparable (dollars in thousands):

|                                               |     | Year Ended December 31, |      2024 |