X0306 4 2020-02-14 0001574596 New Home Co Inc. NWHM 0001700944 Miller Leonard Stoudt C/O THE NEW HOME COMPANY INC. 85 ENTERPRISE, SUITE 450 ALISO VIEJO CA 92656 1 President & CEO Common Stock 2020-02-14 4 F 0 1579 5.37 D 156328 D Common Stock 2020-02-18 4 A 0 44571 0 A 200899 D Employee Stock Option (Right to Buy) 5.7600 2029-02-20 Common Stock 74984 74984 D Employee Stock Option (Right to Buy) 5.36 2020-02-18 4 A 0 57534 0 A 2030-02-18 Common Stock 57534 57534 D Represents shares withheld for tax purposes upon the vesting of restricted stock units on February 14, 2020. Represents restricted stock units which vest in equal annual installments on each of the first, second and third anniversaries of February 18, 2020, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date. The restricted stock units convert into common stock on a one-for-one basis. The stock options vest and become exercisable in three equal annual installments on each of the first, second and third anniversaries of February 20, 2019, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date. The stock options vest and become exercisable in three equal annual installments on each of the first, second and third anniversaries of February 18, 2020, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date. /s/ Miek Harbur, Attorney-in-Fact for Leonard Stoudt Miller 2020-02-19