D.R. Horton director exercises 139 RSUs into shares

Rhea-AI Filing Summary

D.R. Horton director Maribess L. Miller exercised a portion of her equity awards, converting restricted stock units into common shares. On April 20, 2026, 139 restricted stock units converted into 139 shares of D.R. Horton common stock. After the transaction, she directly held 22,292 common shares and 278 restricted stock units. The footnotes state that each restricted stock unit converts into one share of DHI common stock and reference an earlier grant of 695 restricted stock units made on April 20, 2023 that vests in five annual installments beginning April 20, 2024. This filing reflects routine, compensation-related equity vesting and exercise activity without any open‑market buying or selling.

Insider Trade Summary

139 shares exercised/converted

Exercise 2 txns

Insider Miller Maribess L

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	139	$0.00	$0.00
Exercise	Common Stock	139	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 278 contracts (Direct); Common Stock — 22,292 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit converts into one share of DHI common stock.
2. F2. On April 20, 2023, the reporting person was granted 695 restricted stock units, vesting in five annual installments beginning April 20, 2024.

Key Figures

RSUs converted: 139 units Common shares after transaction: 22,292 shares RSUs remaining: 278 units +1 more

4 metrics

RSUs converted 139 units Restricted stock units converted into common stock on April 20, 2026

Common shares after transaction 22,292 shares Direct D.R. Horton common stock holdings following conversion

RSUs remaining 278 units Restricted stock units held after the April 20, 2026 conversion

Original RSU grant 695 units Grant made on April 20, 2023, vesting over five annual installments

Key Terms

Restricted Stock Unit, derivative security, Common Stock

3 terms

Restricted Stock Unit financial

"The reporting person was granted 695 restricted stock units, vesting in five annual installments"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Common Stock financial

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

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

What insider transaction did D.R. Horton (DHI) director Maribess L. Miller report?

Maribess L. Miller reported exercising restricted stock units into common stock. On April 20, 2026, 139 restricted stock units converted into 139 D.R. Horton common shares as part of her compensation-related equity awards, rather than an open-market purchase or sale of stock.

How many D.R. Horton (DHI) common shares does Maribess L. Miller hold after this Form 4?

After the reported transaction, Maribess L. Miller directly holds 22,292 D.R. Horton common shares. This figure reflects her position following the conversion of 139 restricted stock units into common stock on April 20, 2026, as disclosed in the Form 4 filing.

What happened to Maribess L. Miller’s restricted stock units in the latest DHI Form 4?

In the latest Form 4, 139 restricted stock units held by Maribess L. Miller converted into 139 D.R. Horton common shares. Following this vesting and conversion, she reported a remaining balance of 278 restricted stock units still outstanding as equity awards.

Were the D.R. Horton (DHI) insider transactions open-market buys or sells?

The reported transactions were not open-market buys or sells. They involved the exercise and conversion of restricted stock units into 139 D.R. Horton common shares, a routine compensation-related event, with no shares reported as purchased or sold in the open market.

What earlier equity grant to Maribess L. Miller is referenced in the DHI Form 4 footnotes?

The footnotes state that on April 20, 2023, Maribess L. Miller was granted 695 restricted stock units. These units vest in five annual installments beginning April 20, 2024, providing a multi-year schedule for equity-based compensation in D.R. Horton stock.

How many restricted stock units does Maribess L. Miller still hold in D.R. Horton (DHI)?

After the April 20, 2026 conversion of 139 restricted stock units, Maribess L. Miller reported holding 278 restricted stock units. These remaining units represent additional potential future D.R. Horton common shares as they vest and convert over time.

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Accepted by SEC EDGAR 04/22/2026 - 04:13 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^*

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)
04/20/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/20/2026		M		139	A	(1)	22,292	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)	04/20/2026		M			139	(2)	(2)	Common Stock	139	$0	278	D

Explanation of Responses:

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

2. On April 20, 2023, the reporting person was granted 695 restricted stock units, vesting in five annual installments beginning April 20, 2024.

	/s/ Thomas B. Montano, Attorney-in-Fact	04/22/2026
	** 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)