DHI director exercises 224 RSUs into common stock

HORTON D R INC (DHI) director Maribess L. Miller exercised restricted stock units into common shares as part of a prior equity award.

Rhea-AI Filing Summary

HORTON D R INC (DHI) director Maribess L. Miller exercised restricted stock units into common shares as part of a prior equity award. On March 30, 2026, 224 restricted stock units converted into 224 shares of common stock at a stated price of $0.00 per share.

These units were originally granted on March 30, 2022 as part of a 1,120-unit award that vests in five annual installments beginning March 30, 2023. Following this transaction, Miller directly holds 22,153 shares of DHI common stock. The filing reflects compensation-related equity vesting rather than an open-market purchase or sale.

Insider Trade Summary

224 shares exercised/converted

Exercise 2 txns

Insider Miller Maribess L

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	224	$0.00	$0.00
Exercise	Common Stock	224	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 224 contracts (Direct); Common Stock — 22,153 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit converts into one share of DHI common stock.
2. F2. On March 30, 2022, the reporting person was granted 1,120 restricted stock units, vesting in five annual installments beginning March 30, 2023.

Key Figures

RSUs exercised: 224 units Shares received: 224 shares Post-transaction holdings: 22,153 shares +2 more

5 metrics

RSUs exercised 224 units Restricted stock units converted into common stock on March 30, 2026

Shares received 224 shares Common stock issued from RSU conversion on March 30, 2026

Post-transaction holdings 22,153 shares DHI common stock directly held by Miller after the transaction

Original RSU grant 1,120 units Granted on March 30, 2022, vesting in five annual installments

Exercise price $0.00 per unit Stated conversion price for restricted stock units

Key Terms

Restricted Stock Unit, derivative security, Common Stock, vesting

4 terms

Restricted Stock Unit financial

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

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.

vesting financial

"vesting in five annual installments beginning March 30, 2023."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

What insider transaction did DHI director Maribess L. Miller report?

Maribess L. Miller reported exercising 224 restricted stock units into 224 shares of HORTON D R INC common stock. The units converted at a stated price of $0.00 per share, reflecting equity compensation vesting rather than an open-market buy or sell transaction.

How many DHI shares does Maribess L. Miller hold after this Form 4 transaction?

After the March 30, 2026 transaction, Maribess L. Miller directly holds 22,153 shares of HORTON D R INC common stock. This total includes the 224 shares received from the conversion of restricted stock units disclosed in this Form 4 filing.

What was the original restricted stock unit grant disclosed in DHI’s Form 4?

The filing states that on March 30, 2022, Miller was granted 1,120 restricted stock units in HORTON D R INC. These units vest in five equal annual installments beginning March 30, 2023, and each vested unit converts into one share of DHI common stock.

How many restricted stock units vested in this DHI Form 4 event?

In this event, 224 restricted stock units vested and converted into 224 shares of HORTON D R INC common stock. The conversion occurred on March 30, 2026 and is part of a larger 1,120-unit grant vesting over five years.

Was the DHI insider transaction an open-market buy or sell of shares?

No, the transaction was not an open-market buy or sell. It reflects the exercise or conversion of 224 restricted stock units into common stock at a stated price of $0.00 per share, representing routine equity compensation vesting for director Maribess L. Miller.

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Accepted by SEC EDGAR 03/31/2026 - 05:54 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)
03/30/2026

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	03/30/2026		M		224	A	(1)	22,153	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)	03/30/2026		M			224	(2)	(2)	Common Stock	224	$0	224	D

Explanation of Responses:

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

2. On March 30, 2022, the reporting person was granted 1,120 restricted stock units, vesting in five annual installments beginning March 30, 2023.

	/s/ Thomas B. Montano, Attorney-in-Fact	03/31/2026
	** 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)