D.R. Horton EVP/COO vests 2,094 RSUs; 824 surrendered for taxes

Rhea-AI Filing Summary

D.R. Horton (DHI) EVP and COO Michael J. Murray reported an RSU vesting on 11/08/2025, converting 2,094 restricted stock units into common stock. To cover withholding taxes from this vesting, 824 shares were surrendered at $144.77 per share.

After these transactions, he owns directly 128,727 DHI shares, and holds indirect beneficial ownership of 249,825 shares through a limited partnership and 32,340 shares through a family foundation. He also reports 6,282 RSUs remaining. The RSUs were part of a 10,470-unit grant made on 11/08/2023, vesting in five annual installments beginning 11/08/2024.

Insider Trade Summary

2,094 shares exercised/converted

Exercise 5 txns

Insider Murray Michael J

Role EVP and COO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	2,094	$0.00	$0.00
Exercise	Common Stock	2,094	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	824	$144.77	$119K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 6,282 contracts (Direct); Common Stock — 128,727 shares (Direct); Common Stock — 249,825 shares (Indirect, Held by Limited Partnership controlled by Mr. Murray and his wife.); Common Stock — 32,340 shares (Indirect, Held by Foundation controlled by Mr. Murray and members of his immediate family.)

Footnotes (4)

1. F1. Each restricted stock unit converts into one share of DHI common stock.
2. F2. These shares were surrendered to issuer to cover tax obligations of the 2,094 shares of DHI common stock issued upon the vesting of the restricted stock units awarded November 8, 2023.
3. F3. Following all transactions on this Form 4, Mr. Murray owns directly 128,727 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 32,340 shares of DHI common stock.
4. F4. On November 8, 2023, the reporting person was granted 10,470 restricted stock units, vesting in five annual installments beginning November 8, 2024.

FAQ

What did DHI's EVP/COO report on Form 4?

An RSU vesting of 2,094 shares on 11/08/2025 and a tax withholding surrender of 824 shares at $144.77.

How many DHI shares does Michael J. Murray hold after the transactions?

He holds 128,727 shares directly, plus 249,825 indirectly via a limited partnership and 32,340 via a family foundation.

What derivative holdings remain after the reported transactions?

He reports 6,282 remaining restricted stock units (RSUs).

What were the transaction codes on the Form 4?

Code M for RSU conversion to common stock and code F for shares surrendered to cover taxes.

What are the terms of the RSU grant mentioned?

A grant of 10,470 RSUs on 11/08/2023, vesting in five annual installments beginning 11/08/2024.

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Accepted by SEC EDGAR 11/10/2025 - 04:44 PM Learn about SEC filing dates

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^*

Murray Michael J

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/08/2025

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	11/08/2025		M		2,094	A	(1)	129,551	D
Common Stock	11/08/2025		F(2)		824	D	$144.77	128,727(3)	D
Common Stock								249,825(3)	I	Held by Limited Partnership controlled by Mr. Murray and his wife.
Common Stock								32,340(3)	I	Held by Foundation controlled by Mr. Murray and members of his immediate family.

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)	11/08/2025		M			2,094	(4)	(4)	Common Stock	2,094	$0	6,282	D

Explanation of Responses:

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

2. These shares were surrendered to issuer to cover tax obligations of the 2,094 shares of DHI common stock issued upon the vesting of the restricted stock units awarded November 8, 2023.

3. Following all transactions on this Form 4, Mr. Murray owns directly 128,727 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 32,340 shares of DHI common stock.

4. On November 8, 2023, the reporting person was granted 10,470 restricted stock units, vesting in five annual installments beginning November 8, 2024.

	/s/ Michael J. Murray	11/10/2025
	** 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.