DHI (NYSE: DHI) director converts 93 RSUs into common stock

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

HORTON D R INC (DHI) director Bradley S. Anderson reported a routine equity award vesting. On March 21, 2026, 93 restricted stock units were exercised, converting into 93 shares of common stock at a price of $0.00 per share. Following this conversion, Anderson directly holds 36,412 shares of DHI common stock. Footnotes state that each restricted stock unit converts into one share of DHI common stock and reference a prior grant of 465 restricted stock units vesting in annual installments.

Insider Trade Summary

93 shares exercised/converted

Mixed 2 txns

Insider ANDERSON BRADLEY S

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	93	$0.00	--
Exercise	Common Stock	93	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 279 shares (Direct); Common Stock — 36,412 shares (Direct)

Footnotes (1)

Each restricted stock unit converts into one share of DHI common stock. On March 21, 2024, the reporting person was granted 465 restricted stock units, vesting in five annual installments beginning March 21, 2025.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/24/2026 - 04:41 PM

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^*

ANDERSON BRADLEY S

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/21/2026		M		93	A	⁽¹⁾	36,412	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Bradley S. Anderson report in this DHI Form 4 filing?

Bradley S. Anderson reported the exercise of 93 restricted stock units into 93 shares of Horton D R common stock. This is a compensation-related equity conversion, not an open-market purchase or sale, and reflects routine vesting of previously granted stock units.

How many DHI shares does Bradley S. Anderson hold after the reported transaction?

After the reported transaction, Bradley S. Anderson directly holds 36,412 shares of Horton D R common stock. This total reflects his position following the conversion of 93 restricted stock units into common shares at a stated price of $0.00 per share.

What type of security was involved in Bradley S. Anderson’s latest DHI transaction?

The transaction involved restricted stock units that converted into common stock of Horton D R. Each restricted stock unit converts into one share of common stock, according to the footnotes, and 93 units were exercised into 93 common shares in this filing.

Was Bradley S. Anderson buying or selling DHI stock in the open market?

He was not trading in the open market; he exercised 93 restricted stock units into common stock at $0.00 per share. The Form 4 classifies this as an exercise or conversion of a derivative security, a standard compensation-related event rather than a discretionary market trade.

What do the footnotes in Bradley S. Anderson’s DHI Form 4 explain?

The footnotes explain that each restricted stock unit converts into one share of Horton D R common stock and reference a grant of 465 restricted stock units on March 21, 2024. Those units vest in five annual installments beginning March 21, 2025, indicating a multi‑year equity award schedule.

How many restricted stock units did Bradley S. Anderson originally receive from DHI?

He was granted 465 restricted stock units on March 21, 2024, according to the footnotes. These units vest in five annual installments beginning March 21, 2025, and each restricted stock unit converts into one share of Horton D R common stock upon vesting and exercise.