Homebuilding Industry Outlook

kb Robust Corporate Governance Governance Practices: A Snapshot Independent . Ten of our eleven directors are independent Independent directors lead all Board committees Accountable . Directors are elected annually under a majority voting standard 18% • In 2022, our directors received an average of 97% support • · Directors and senior executives are subject to strong stock ownership requirements Executive officers are subject to a robust incentive compensation claw-back policy Aligned Five-Year Annualized Total Stockholder Return (2017-2021) 25% 22% S&P 500 KB Home • We have one class of outstanding voting securities that allows each holder one vote for each share held Dow Jones U.S. Home Construction Index · No supermajority voting requirements 25 | O2022 KB Home

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