D.R. Horton (NYSE: DHI) director converts 203 RSUs into 21,836-share stake

Q: What insider transaction did DHI director Maribess L. Miller report on this Form 4?

Maribess L. Miller reported exercising 203 restricted stock units into DHI common stock. This derivative exercise converted her RSUs on a one-for-one basis into 203 common shares , increasing her direct equity stake in the company without an open-market purchase.

Q: What was the size of the restricted stock unit grant underlying Miller’s DHI Form 4 filing?

The restricted stock unit grant originally totaled 1,015 units , awarded on March 17, 2021 . These units vest in five annual installments beginning March 17, 2022 , with 203 units in this filing converting into an equal number of DHI common shares.

Q: At what price were the DHI restricted stock units exercised in Miller’s Form 4?

The 203 restricted stock units were exercised at a stated price of $0.00 per unit . This reflects a compensation-related equity award where units convert into DHI common shares without an additional cash payment by the reporting director.

Q: Does Maribess L. Miller’s DHI Form 4 show any open-market stock sales or purchases?

The Form 4 shows no open-market buys or sells . It records a derivative exercise where 203 restricted stock units converted into 203 common shares , increasing her direct holdings to 21,836 shares without any separate sale transaction disclosed.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Horton D.R. Inc. director Maribess L. Miller exercised restricted stock units into common shares. On March 18, 2026, she exercised 203 restricted stock units, which each convert into one share of DHI common stock. A related entry dated March 17, 2026 shows 203 common shares acquired from this derivative exercise, bringing her direct common stock holdings to 21,836 shares. The units stem from a grant of 1,015 restricted stock units awarded on March 17, 2021, vesting in five annual installments beginning March 17, 2022.

Insider Trade Summary

203 shares exercised/converted

Mixed 2 txns

Insider Miller Maribess L

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	203	$0.00	--
Exercise	Common Stock	203	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 0 shares (Direct); Common Stock — 21,836 shares (Direct)

Footnotes (1)

Each restricted stock unit converts into one share of DHI common stock. On March 17, 2021, the reporting person was granted 1,015 restricted stock units, vesting in five annual installments beginning March 17, 2022.

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Form 4 Insider Transactions: What Each Field Means →

03/18/2026 - 05:29 PM

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^*

Miller Maribess L

(Last)

(First)

(Middle)

1341 HORTON CIRCLE

(Street)

ARLINGTON

TEXAS

76011

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/17/2026		M		203	A	⁽¹⁾	21,836	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	03/18/2026		M			203	⁽²⁾	⁽²⁾	Common Stock	203	$0	0	D

Explanation of Responses:

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

2. On March 17, 2021, the reporting person was granted 1,015 restricted stock units, vesting in five annual installments beginning March 17, 2022.

	/s/ Thomas B. Montano, Attorney-in-Fact	03/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did DHI director Maribess L. Miller report on this Form 4?

Maribess L. Miller reported exercising 203 restricted stock units into DHI common stock. This derivative exercise converted her RSUs on a one-for-one basis into 203 common shares, increasing her direct equity stake in the company without an open-market purchase.

How many DHI shares does Maribess L. Miller hold after the reported Form 4 transactions?

Following the reported transactions, Maribess L. Miller directly owns 21,836 shares of DHI common stock. This figure reflects the addition of 203 shares received from the conversion of restricted stock units disclosed in the Form 4 filing.

What was the size of the restricted stock unit grant underlying Miller’s DHI Form 4 filing?

The restricted stock unit grant originally totaled 1,015 units, awarded on March 17, 2021. These units vest in five annual installments beginning March 17, 2022, with 203 units in this filing converting into an equal number of DHI common shares.

At what price were the DHI restricted stock units exercised in Miller’s Form 4?

The 203 restricted stock units were exercised at a stated price of $0.00 per unit. This reflects a compensation-related equity award where units convert into DHI common shares without an additional cash payment by the reporting director.

Does Maribess L. Miller’s DHI Form 4 show any open-market stock sales or purchases?

The Form 4 shows no open-market buys or sells. It records a derivative exercise where 203 restricted stock units converted into 203 common shares, increasing her direct holdings to 21,836 shares without any separate sale transaction disclosed.