[Form 4] HORTON D R INC /DE/ Insider Trading Activity

Rhea-AI Filing Summary

D.R. Horton executive Michael J. Murray, EVP and COO, reported a gift of 7,060 shares of D.R. Horton (DHI) common stock on January 21, 2026, coded as a charitable or familial gift transaction. The shares were transferred at a reported price of $0 per share, reflecting that no sale proceeds were received. A footnote explains the shares were gifted to family members living outside his household and that Mr. Murray disclaims beneficial ownership of the shares gifted.

After this transaction, Mr. Murray directly owns 122,615 shares of DHI common stock, indirectly beneficially owns 249,825 shares held by a limited partnership controlled by him and his wife, and indirectly holds 32,340 shares through a foundation controlled by him and his immediate family. This filing updates the market on his current direct and indirect equity holdings rather than reflecting a sale for cash.

Insights

Equity ownership & governance analyst

Routine insider gift with updated D.R. Horton share holdings.

The filing shows D.R. Horton EVP and COO Michael J. Murray made a G-coded gift of 7,060 shares of common stock on January 21, 2026 at $0 per share. A gift code indicates a transfer without sale proceeds, typically to family members or charity, and the footnote specifies these recipients are family members outside his household.

Following the transaction, Mr. Murray directly owns 122,615 shares, indirectly beneficially owns 249,825 shares through a limited partnership controlled by him and his wife, and indirectly holds 32,340 shares via a family foundation. He disclaims beneficial ownership of the gifted shares, so the transaction mainly updates reported holdings rather than signaling a cash sale or reduced economic exposure. Overall, this appears to be a routine estate or family planning move with neutral impact on the broader investment case.

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^*

Murray Michael J

(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)
	EVP and COO

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026

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	01/21/2026		G(1)		7,060	D	$0	122,615(2)	D
Common Stock								249,825(2)	I	Held by Limited Partnership controlled by Mr. Murray and his wife.
Common Stock								32,340(2)	I	Held by Foundation controlled by Mr. Murray and members of his immediate family.

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

Explanation of Responses:

1. This transaction involved gifts of securities to family members that live outside Mr. Murray's household. Mr. Murray disclaims beneficial ownership of the shares gifted.

2. Following all transactions on this Form 4, Mr. Murray owns directly 122,615 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 32,340 shares of DHI common stock.

	/s/ Michael J. Murray	01/22/2026
	** 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).
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