DHI Executive Chairman reports RSU vesting and tax share surrender

Rhea-AI Filing Summary

D.R. Horton (DHI) Executive Chairman and Director David V. Auld reported an equity award vesting and related tax share surrender. On 11/08/2025, 6,978 restricted stock units converted into an equal number of common shares, and 2,582 shares were surrendered to the issuer at $144.77 to cover taxes tied to that vesting. Following these transactions, Auld directly beneficially owns 938,122 DHI common shares. The RSUs stem from a 11/08/2023 grant that vests in three annual installments; each RSU converts into one share.

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^*

Auld David V

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

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		6,978	A	(1)	940,704	D
Common Stock	11/08/2025		F(2)		2,582	D	$144.77	938,122	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)	11/08/2025		M			6,978	(3)	(3)	Common Stock	6,978	$0	6,198	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 6,978 shares of DHI common stock issued upon the vesting of the restricted stock units awarded November 8, 2023.

3. On November 8, 2023, the reporting person was granted 20,935 restricted stock units, vesting in three annual installments beginning November 8, 2024.

	/s/ David V. Auld	11/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did DHI’s David V. Auld report on Form 4?

He reported the conversion of 6,978 RSUs into common shares and the surrender of 2,582 shares at $144.77 to cover taxes.

How many D.R. Horton (DHI) shares does Auld own after the transactions?

He directly beneficially owns 938,122 common shares after the reported transactions.

What is the origin of the RSUs that vested for DHI’s Executive Chairman?

They are from a 11/08/2023 grant of 20,935 RSUs vesting in three annual installments beginning 11/08/2024.

How many shares did Auld surrender for taxes and at what price?

He surrendered 2,582 shares at a price of $144.77 per share to cover tax obligations.

What does each DHI RSU convert into upon vesting?

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

What roles does David V. Auld hold at D.R. Horton (DHI)?

He is a Director and serves as Executive Chairman.