DHI insider exercises 430 RSUs, surrenders shares for taxes

Rhea-AI Filing Summary

D.R. Horton, Inc. (DHI) reported an equity transaction by its SVP, Controller and Principal Accounting Officer. On November 20, 2025, the officer exercised 430 restricted stock units, which converted one-for-one into shares of D.R. Horton common stock. To cover related tax obligations, 170 shares of common stock were surrendered to the company at a price of $137.32 per share.

After these transactions, the officer directly owned 6,717 shares of D.R. Horton common stock and 1,720 restricted stock units. These RSUs relate to a prior grant of 2,150 units awarded on November 20, 2024, scheduled to vest in five annual installments beginning November 20, 2025.

Insider Trade Summary

430 shares exercised/converted

Mixed 3 txns

Insider Odom Aron M.

Role SVP, Controller and PAO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	430	$0.00	--
Exercise	Common Stock	430	$0.00	--
Tax Withholding	Common Stock	170	$137.32	$23K

Holdings After Transaction: Restricted Stock Unit — 1,720 shares (Direct); Common Stock — 6,887 shares (Direct)

Footnotes (1)

1. Each restricted stock unit converts into one share of DHI common stock. These shares were surrendered to issuer to cover tax obligations of the 430 shares of DHI common stock issued upon the vesting of the restricted stock units awarded November 20, 2024. On November 20, 2024, the reporting person was granted 2,150 restricted stock units, vesting in five annual installments beginning November 20, 2025.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Odom Aron M.

(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)
	SVP, Controller and PAO

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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	11/20/2025		M		430	A	(1)	6,887	D
Common Stock	11/20/2025		F(2)		170	D	$137.32	6,717	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)	11/20/2025		M			430	(3)	(3)	Common Stock	430	$0	1,720	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 430 shares of DHI common stock issued upon the vesting of the restricted stock units awarded November 20, 2024.

3. On November 20, 2024, the reporting person was granted 2,150 restricted stock units, vesting in five annual installments beginning November 20, 2025.

	/s/ Aron M. Odom	11/21/2025
	** Signature of Reporting Person	Date
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