DHI Executive Chairman Auld files Form 4 for equity vesting

Rhea-AI Filing Summary

D.R. Horton Executive Chairman David V. Auld, who is also a director, reported equity transactions in company stock. On 11/20/2025, 12,261 restricted stock units converted into an equal number of DHI common shares. On the same date, 4,537 of those shares were surrendered back to the company at $137.32 per share to cover tax obligations tied to this vesting.

After these transactions, Auld beneficially owned 945,846 shares of D.R. Horton common stock directly, reflecting his ongoing equity stake. The filing also notes that these vested units were part of a 36,785-unit restricted stock award granted on November 20, 2024, scheduled to vest in three annual installments beginning November 20, 2025. Following the vesting and related activity, 23,151 restricted stock units remained beneficially owned.

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)
11/20/2025

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	11/20/2025		M		12,261	A	(1)	950,383	D
Common Stock	11/20/2025		F(2)		4,537	D	$137.32	945,846	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)	11/20/2025		M			12,261	(3)	(3)	Common Stock	12,261	$0	23,151	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 12,261 shares of DHI common stock issued upon the vesting of the restricted stock units awarded November 20, 2024.

3. On November 20, 2024, the reporting person was granted 36,785 restricted stock units, vesting in three annual installments beginning November 20, 2025.

	/s/ David V. Auld	11/21/2025
	** 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 insider transaction did D.R. Horton (DHI) report for David V. Auld?

Executive Chairman David V. Auld reported the vesting of 12,261 restricted stock units into D.R. Horton common stock on 11/20/2025, increasing his directly held shares before tax-related share surrenders.

How many D.R. Horton (DHI) shares were surrendered for taxes in this Form 4?

Auld surrendered 4,537 shares of D.R. Horton common stock back to the issuer at $137.32 per share to cover tax obligations arising from the RSU vesting.

How many D.R. Horton (DHI) shares does David V. Auld own after this transaction?

Following the reported transactions, David V. Auld beneficially owned 945,846 shares of D.R. Horton common stock in direct ownership.

What was the original D.R. Horton RSU grant referenced in this Form 4?

The filing states that on November 20, 2024, Auld was granted 36,785 restricted stock units, scheduled to vest in three annual installments beginning November 20, 2025.

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

After 12,261 restricted stock units converted into common stock, the Form 4 shows that 23,151 restricted stock units remained beneficially owned by Auld.

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

According to the Form 4, David V. Auld is both a director and an officer of D.R. Horton, serving as Executive Chairman.