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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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X0202 SCHEDULE 13D/A 0000935808 XXXXXXXX LIVE 5 Class A common shares of beneficial interest, $0.01 par value per share 09/11/2026 false 0001562401 02665T306 American Homes 4 Rent 280 Pilot Road Las Vegas NV 89119 David Goldberg (310) 774-5332 22917 Pacific Coast Highway #300 Malibu CA 90265 0000935808 N HUGHES B WAYNE ET AL PF N X1 0 0 0 0 0 N 0 IN (1) B. Wayne Hughes passed away on August 18, 2021. This Amendment is being filed by the Estate of B. Wayne Hughes. The Estate of B. Wayne Hughes has distributed all Shares previously held by the Estate to the beneficiaries thereof and, as a result, no longer beneficially owns any shares. Y Tamara Hughes Gustavson PF N X1 21470184 100 21470184 100 21470284 N 5.98 IN (1) The numbers in rows 7, 9 and 11 include shares indirectly beneficially owned and 5,421 restricted share units, each representing a contingent right to receive one Class A common share. (2) The numbers in rows 8, 10 and 11 includes shares held beneficially by spouse. (3) Percentage of class based on number of shares outstanding at July 29, 2026 This Amendment No. 5 (this "Amendment") amends the Statement on Schedule 13D (the "Schedule 13D") as previously amended relating to the Class A common shares of beneficial interest, $0.01 par value per share (the "Shares") of American Homes 4 Rent. This Amendment is being filed to update the Schedule 13D to reflect that the Reporting Persons no longer constitute a "group" within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All capitalized terms used herein shall have the meanings given to them in the Schedule 13D, and unless amended or supplemented hereby, all information previously filed remains in effect. Class A common shares of beneficial interest, $0.01 par value per share American Homes 4 Rent 280 Pilot Road Las Vegas NV 89119 Item 4 is hereby amended to add the following: The Estate of B. Wayne Hughes (the "Estate") distributed all Shares previously held by the Estate to the beneficiaries thereof. As a result, Tamara Hughes Gustavson, in her capacity as executor of the Estate, no longer may be deemed to beneficially owns any Shares formerly held by the Estate, and the Reporting Persons no longer constitute a "group" within the meaning of Section 13(d)(3) of the Exchange Act. Tamara Hughes Gustavson is separately making a Schedule 13D filing reporting her beneficial ownership of Shares. As of September 11, 2026, each Reporting Person owned the aggregate number of Shares set forth below opposite his or her name. Such Shares constitute approximately 5.98%(1) in the aggregate of the 359,179,944 Class A common shares outstanding: Reporting Person Number of Shares Approximate Percentage of Shares Outstanding B. Wayne Hughes 0 0% Tamara Hughes Gustavson 21,470,284(2)(3) 5.98% (1) Based on the number of shares outstanding on July 29, 2026. (2) Includes shares indirectly beneficially owned. (3) Includes 5,421 restricted share units, each representing a contingent right to receive one Share. The responses to Rows (7) through (13) of the Reporting Persons on their respective cover page of this Amendment are incorporated herein by reference. The Reporting Persons have not effected any transactions in the Shares during the past sixty days. Not applicable On or before September 11, 2026, the Estate ceased to be the beneficial owner of more than 5% of Class A common shares outstanding. Exhibit A Joint Filing Agreement. Previously filed and incorporated by reference herein. Exhibit B Power of Attorney. Previously filed and incorporated by reference herein. HUGHES B WAYNE ET AL * Tamara Hughes Gustavson/Executor of the Estate of B. Wayne Hughes 09/11/2026 Tamara Hughes Gustavson * Tamara Hughes Gustavson 09/11/2026 */s/ David Goldberg David Goldberg/Attorney In Fact 09/11/2026