D.R. Horton (NYSE: DHI) director converts 93 RSUs, holds 8,845 shares

Rhea-AI Filing Summary

D.R. Horton director Benjamin Carson Sr. reported the vesting and exercise of 93 restricted stock units, which converted into the same number of common shares at an exercise price of $0.00 per share. After this transaction, he directly holds 8,845 shares of common stock and 279 restricted stock units.

The footnotes explain that each restricted stock unit converts into one DHI common share, and that Carson was granted 465 restricted stock units on March 21, 2024, vesting in five annual installments beginning March 21, 2025. This filing reflects a routine compensation-related equity vesting rather than an open-market purchase or sale.

Insights

Insider transactions analyst

Routine RSU vesting; small, non-market insider equity acquisition.

Benjamin Carson Sr., a director of D.R. Horton, exercised 93 restricted stock units into common stock at an effective price of $0.00. This stems from a prior grant of 465 RSUs awarded on March 21, 2024, vesting over five years.

The transaction involves no open-market buying or selling and is typical of equity-based director compensation. Following the exercise, Carson holds 8,845 common shares and 279 RSUs, indicating a modest adjustment to his position rather than a significant strategic move.

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^*

CARSON BENJAMIN SR

(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)	8,845	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 Benjamin Carson Sr. report?

Benjamin Carson Sr. reported exercising 93 restricted stock units, converting them into 93 shares of D.R. Horton common stock at $0.00 per share. This reflects the vesting of previously granted equity compensation rather than an open-market stock purchase or sale.

How many D.R. Horton (DHI) shares does Benjamin Carson Sr. hold after this Form 4 filing?

After the reported transaction, Benjamin Carson Sr. directly holds 8,845 shares of D.R. Horton common stock and 279 remaining restricted stock units. The filing shows a modest increase in his direct equity position through compensation-related vesting, not through market trading activity.

Was the D.R. Horton (DHI) Form 4 transaction an open-market buy or sell?

The Form 4 does not show an open-market buy or sell. It records the exercise of 93 restricted stock units into common shares at $0.00, a standard equity compensation event, rather than a discretionary market trade by director Benjamin Carson Sr.

What are the terms of Benjamin Carson Sr.’s restricted stock unit grant at D.R. Horton (DHI)?

Footnotes state that on March 21, 2024, Benjamin Carson Sr. was granted 465 restricted stock units. These units vest in five equal annual installments starting March 21, 2025, with each vested unit converting into one share of D.R. Horton common stock.

How many restricted stock units remain unvested for D.R. Horton (DHI) director Benjamin Carson Sr.?

Following the conversion of 93 restricted stock units into common stock, Benjamin Carson Sr. has 279 restricted stock units reported as held. These units are part of a 465-unit grant that vests in five annual installments beginning March 21, 2025.

Does the D.R. Horton (DHI) Form 4 suggest a major change in insider ownership?

The Form 4 reflects a small, routine change in ownership. Benjamin Carson Sr. exercised 93 restricted stock units and now holds 8,845 D.R. Horton shares, indicating normal vesting of director compensation rather than a large strategic increase or reduction in holdings.