D.R. Horton (NYSE: DHI) director converts restricted stock units into common shares

Rhea-AI Filing Summary

Horton D.R. Inc. director Maribess L. Miller exercised restricted stock units that converted into 93 shares of common stock. These RSUs were part of a 465-unit grant awarded on March 21, 2024, vesting in five annual installments beginning March 21, 2025. Following the transaction, Miller directly holds 21,929 shares of common stock and 279 restricted stock units.

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

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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)
03/21/2026

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	03/21/2026		M		93	A	(1)	21,929	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)	03/21/2026		M			93	(2)	(2)	Common Stock	93	$0	279	D

Explanation of Responses:

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

2. On March 21, 2024, the reporting person was granted 465 restricted stock units, vesting in five annual installments beginning March 21, 2025.

	/s/ Thomas B. Montano, Attorney-in-Fact	03/24/2026
	** 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)

FAQ

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

Director Maribess L. Miller reported exercising restricted stock units into 93 shares of D.R. Horton common stock. The RSUs converted on a one-for-one basis, increasing her direct share ownership while reducing her outstanding restricted stock unit balance.

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

After the reported transaction, Maribess L. Miller directly holds 21,929 shares of D.R. Horton common stock. She also continues to hold 279 restricted stock units, which may convert into additional shares as they vest over time under the original grant terms.

What was the size and structure of Maribess L. Miller’s D.R. Horton restricted stock grant?

On March 21, 2024, Maribess L. Miller was granted 465 restricted stock units of D.R. Horton. This award vests in five equal annual installments beginning March 21, 2025, with each vested unit converting into one share of D.R. Horton common stock.

What does the M transaction code mean in the D.R. Horton (DHI) Form 4 filing?

The M transaction code in the Form 4 indicates an exercise or conversion of a derivative security. In this case, it reflects restricted stock units converting into D.R. Horton common shares, rather than an open-market purchase or sale of the company’s stock.

Did Maribess L. Miller buy or sell D.R. Horton (DHI) stock on the open market?

The filing shows no open-market buys or sells; instead, it reports a derivative exercise. Restricted stock units converted into 93 D.R. Horton common shares at a stated price of $0.00, consistent with equity compensation vesting rather than market trading activity.

How many restricted stock units remain after the reported D.R. Horton (DHI) transaction?

After 93 restricted stock units converted into common shares, 279 restricted stock units remain credited to Maribess L. Miller. These remaining units are part of the original 465-unit grant and are scheduled to vest in future annual installments under the grant terms.