X0306 4 2014-03-24 0 0001574596 New Home Co Inc. NWHM 0001387501 Neff Douglas C C/O THE NEW HOME COMPANY INC. 95 ENTERPRISE, SUITE 325 ALISO VIEJO CA 92656 1 0 0 0 Common Stock 2014-03-24 4 A 0 1291 0 A 5041 D Represents a grant of restricted stock units. The restricted stock units, which will vest one year from the date of grant (subject to Mr. Neff's continued service), are to be settled for an equal number of shares of common stock upon vesting. /s/ Douglas C. Neff 2014-03-24