D.R. Horton insider filing: 264 RSUs converted to common stock for director

Rhea-AI Filing Summary

Crow M. Chad, a director of D.R. Horton, Inc. (DHI), reported transactions dated 08/26/2025. The filing shows 264 restricted stock units vested and were converted into 264 shares of common stock under a previously granted award. After the conversion, the reporting person beneficially owned 398 shares of DHI common stock for non-derivative holdings and 1,056 derivative securities (restricted stock units) following the reported derivative transaction. The RSU grant referenced in the explanation totaled 1,320 restricted stock units awarded on 08/26/2024, vesting in five annual installments beginning 08/26/2025.

Positive

• 264 restricted stock units vested and converted into 264 shares of DHI common stock on 08/26/2025
• The original grant of 1,320 restricted stock units (awarded 08/26/2024) vests in five annual installments, with the first installment occurring 08/26/2025
• Form identifies the reporting person as a Director of D.R. Horton, Inc.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine officer/director vesting converted 264 RSUs to common stock; ownership totals remain modest.

The Form 4 documents a routine equity vesting event for a director, where 264 restricted stock units converted to 264 shares of common stock on 08/26/2025. Post-transaction non-derivative beneficial ownership is reported as 398 shares and derivative holdings as 1,056 RSUs. The original grant was 1,320 RSUs awarded 08/26/2024 with five annual vesting installments. This filing appears administrative and does not disclose sales, option exercises for cash, or changes to total granted awards beyond the scheduled vesting installment.

Corporate Governance Expert

TL;DR: This is a standard governance disclosure of scheduled RSU vesting for an insider; no unusual activity reported.

The document identifies Crow M. Chad as a director and reports the conversion of 264 RSUs into common stock as part of a prior grant of 1,320 RSUs dated 08/26/2024. The filing records the director's continuing beneficial ownership levels after the vesting event. The transaction code ('M') indicates the event relates to the exercise/settlement of derivative securities under the award terms. There is no indication of discretionary sales or purchases outside the scheduled vesting disclosed here.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CROW M CHAD

(Last) (First) (Middle)

1341 HORTON CIRCLE

(Street)

ARLINGTON TX 76011

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HORTON D R INC /DE/ [ DHI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/26/2025		M		264	A	(1)	398	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	08/26/2025		M			264	(2)	(2)	Common Stock	264	$0	1,056	D

Explanation of Responses:

1. Each restricted stock unit converts into one share of DHI common stock.

2. On August 26, 2024, the reporting person was granted 1,320 restricted stock units, vesting in five annual installments beginning August 26, 2025.

	/s/ Thomas B. Montano, Attorney-in-Fact	08/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Crow M. Chad report on the Form 4 for DHI?

The filing reports that 264 restricted stock units vested and converted into 264 shares of DHI common stock on 08/26/2025.

How many restricted stock units were originally granted to the reporting person?

The explanation states an original grant of 1,320 restricted stock units on 08/26/2024, vesting in five annual installments beginning 08/26/2025.

What are the reporting person's beneficial ownership totals after the transaction?

After the reported transactions the person beneficially owned 398 shares of common stock (non-derivative) and 1,056 derivative securities (RSUs) as reported on the Form 4.

What does transaction code 'M' indicate on this Form 4?

The Form shows code M for the transactions reported; in this filing those entries relate to the settlement/conversion of restricted stock units into common stock.

Was there any sale of shares reported in this filing?

No; the Form 4 reports an acquisition/settlement (vesting and conversion) of RSUs into shares and does not disclose any sale transactions.