X0306 4 2022-02-03 0000773141 M.D.C. HOLDINGS, INC. MDC 0000902691 MIZEL LARRY A 4350 S. MONACO ST. SUITE 500 DENVER CO 80237 1 1 1 0 Executive Chairman Common Stock $.01 Par Value 2022-02-03 4 F 0 7255 46.69 D 80082 D Common Stock $.01 Par Value 2022-02-03 4 A 0 42835 0 A 122917 D Common Stock $.01 Par Value 2022-02-03 4 A 0 259200 0 A 382117 D Common Stock $.01 Par Value 2022-02-03 4 F 0 113789 46.69 D 268328 D Common Stock $.01 Par Value 2022-02-04 4 F 0 5607 43.68 D 262721 D Common Stock $.01 Par Value 324 I By M&G Growth, LLC Common Stock $.01Par Value 323676 I By Trusts Common Stock $.01Par Value 4109909 I By Ari Capital Partners, LLLP Common Stock $.01 Par Value 26453 I By Cascia Holdings, LLC Common Stock $.01Par Value 1309471 I By Cheston Enterprises Trust Common Stock $.01Par Value 1309471 I By Courtney Enterprises Trust Common Stock $.01Par Value 1801793 I By CGM Capital, LLLP Restricted stock vesting -- share withholding pursuant to irrevocable election made outside of blackout periods. Shares of restricted stock granted on February 3, 2022 for no cash consideration pursuant to the Company's 2021 Equity Incentive Plan and a Restricted Stock Agreement. The restrictions will lapse as to 33-1/3% of the shares over three years starting with the first anniversary of the grant date. Vesting of Performance Share Unit (PSU) award originally granted on August 5, 2019. PSU vesting - share withholding pursuant to irrevocable election made outside blackout periods. Closing price on February 3, 2022. Closing price on February 4, 2022. Reporting Person may be deemed to have beneficial ownership of the shares held by M&G Growth, LLC ("M&G"). M&G is owned 0.1% by Reporting Person's spouse and 99.9% by trusts. Reporting Person's spouse is the manager of M&G. These trusts hold a 99.9% ownership interest in M&G. Reporting Person may be deemed to have beneficial ownership of the shares held by these trusts, of which Reporting Person is the grantor, Reporting Person's spouse is the trustee and Reporting Person's grandchildren are beneficiaries. Reporting Person may be deemed to have beneficial ownership of the shares held by Ari Capital Partners, LLLP ("Ari Capital"). The sole general partner of Ari Capital is CVentures, Inc. ("CVentures"), a corporation, which has approximately a 1% partnership interest in Ari Capital. Reporting Person's family members are the beneficiaries of various trusts which own approximately 50.7% of the stock of CVentures. Also, Reporting Person is a director and chairman of the board of CVentures and may be deemed to control the other approximately 49.3% of the common stock of CVentures. A trust, of which Reporting Person is the sole beneficiary, is the sole limited partner of Ari Capital, and has approximately a 99% partnership interest in Ari Capital. Reporting Person and Reporting Person's spouse are trustees of the trust. Reporting Person may be deemed to have beneficial ownership of the shares held by Cascia Holdings LLC ("Cascia"). Cascia holds 2,645,395 shares. Reporting Person's spouse, who is the sole manager of Cascia, holds all of the voting LLC units in Cascia, which constitutes 1% of the total outstanding LLC units in Cascia and represents a pecuniary interest in 26,453 shares. Two separate trusts (Cheston Enterprises Trust and Courtney Enterprises Trust) hold all of Cascia's nonvoting LLC units, which constitute 99% of the total outstanding LLC units in Cascia. Reporting Person's spouse is one of the trustees of each of the two trusts and Reporting Person's family members are the beneficiaries of these trusts. Reporting Person may be deemed to have beneficial ownership of these shares which are beneficially owned by this trust. Reporting Person's spouse is a trustee of this trust and a family member of Reporting Person is the beneficiary of this trust. Reporting Person may be deemed to have beneficial ownership of the shares held by CGM Capital LLLP ("CGM Capital"). The general partner of CGM Capital is CVentures, Inc. ("CVentures"), which has a 1% partnership interest in CGM Capital. A trust, of which Reporting Person's spouse is the sole beneficiary, is the sole limited partner of CGM Capital, and has a 99% partnership interest in CGM Capital. Reporting Person and Reporting Person's spouse are trustees of this trust. Joseph H. Fretz, Attorney-in-Fact 2022-02-04