D.R. Horton COO Murray receives 2,094 vested shares

After the reported transactions, the EVP and COO directly owned 157,988 shares, indirectly beneficially owned 249,825, and indirectly held 33,240.

Available on EDGAR 11/09/2026 - 04:31 PM EST Accepted by SEC EDGAR 11/09/2026 - 04:31 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

D.R. Horton (DHI) EVP and COO Michael J. Murray converted 2,094 restricted stock units into 2,094 common shares on November 8, 2026; his reported remaining RSU position was 4,188. He surrendered 824 shares to the issuer to cover tax obligations tied to the vesting, at a reported $152.28 per share. On November 5, he gifted 2,000 shares to a foundation controlled by him and family; the foundation separately gifted 1,100 shares to an outside entity, and Murray disclaimed beneficial ownership of those gifted shares. After all transactions, he directly owned 157,988 shares, indirectly beneficially owned 249,825 through a limited partnership, and indirectly held 33,240 through the foundation.

Insider Trade Summary

2,094 shares exercised/converted

Exercise 5 txns

Insider Murray Michael J

Role EVP and COO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F4, F6	2,094	$0.00	$0.00
Exercise	Common Stock F4	2,094	--	--
Tax Withholding	Common Stock F5, F3	824	$152.28	$125K
Gift	Common Stock F1	2,000	$0.00	$0.00
Gift	Common Stock F2, F3	1,100	$0.00	$0.00
Holding	Common Stock F3	--	--	--

Holdings After Transaction: Restricted Stock Unit — 4,188 units (Direct); Common Stock — 33,240 shares (Indirect, Held by Foundation controlled by Mr. Murray and members of his immediate family.); Common Stock — 157,988 shares (Direct); Common Stock — 249,825 shares (Indirect, Held by Limited Partnership controlled by Mr. Murray and his wife.)

Footnotes (6)

1. F1. This transaction involved a gift of securities to the Foundation controlled by Mr. Murray and his immediate family.
2. F2. This transaction involved a gift of securities by the Foundation controlled by Mr. Murray and members of his immediate family to an outside entity. Mr. Murray disclaims beneficial ownership of the shares gifted.
3. F3. Following all transactions on this Form 4, Mr. Murray owns directly 157,988 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 33,240 shares of DHI common stock.
4. F4. Each restricted stock unit converts into one share of DHI common stock.
5. F5. These shares were surrendered to issuer to cover tax obligations of the 2,094 shares of DHI common stock issued upon the vesting of the restricted stock units awarded November 8, 2023.
6. F6. On November 8, 2023, the reporting person was granted 10,470 restricted stock units, vesting in five annual installments beginning November 8, 2024.

Key Figures

Common shares issued upon RSU conversion: 2,094 common shares Shares surrendered for tax obligations: 824 common shares Price per surrendered share: $152.28 per share +5 more

8 metrics

Common shares issued upon RSU conversion 2,094 common shares November 8, 2026

Shares surrendered for tax obligations 824 common shares Surrendered to the issuer on November 8, 2026

Price per surrendered share $152.28 per share Shares surrendered to cover tax obligations on November 8, 2026

Gift to foundation 2,000 common shares November 5, 2026

Foundation gift to outside entity 1,100 common shares November 5, 2026

Direct common shares after transactions 157,988 shares Following all reported transactions

Indirect beneficial ownership through limited partnership 249,825 common shares Following all reported transactions

Indirect shares held through foundation 33,240 common shares Following all reported transactions

Key Terms

restricted stock unit, beneficial ownership, tax obligations

3 terms

restricted stock unit financial

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

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

beneficial ownership financial

"Mr. Murray disclaims beneficial ownership of the shares gifted."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

tax obligations financial

"to cover tax obligations of the 2,094 shares"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many DHI shares did Michael J. Murray receive from RSU vesting?

On November 8, 2026, 2,094 restricted stock units converted into 2,094 DHI common shares. He surrendered 824 shares to the issuer to cover tax obligations, at $152.28 per share.

What DHI shares did Michael J. Murray and the foundation give away?

On November 5, 2026, Murray gifted 2,000 shares to a foundation controlled by him and family. The foundation separately gifted 1,100 shares to an outside entity; Murray disclaimed beneficial ownership of those shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Murray Michael J

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP and COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2026

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	11/05/2026		G(1)		2,000	D	$0	156,718	D
Common Stock	11/05/2026		G(2)		1,100	D	$0	33,240(3)	I	Held by Foundation controlled by Mr. Murray and members of his immediate family.
Common Stock	11/08/2026		M		2,094	A	(4)	158,812	D
Common Stock	11/08/2026		F(5)		824	D	$152.28	157,988(3)	D
Common Stock								249,825(3)	I	Held by Limited Partnership controlled by Mr. Murray and his wife.

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	(4)	11/08/2026		M			2,094	(6)	(6)	Common Stock	2,094	$0	4,188	D

Explanation of Responses:

1. This transaction involved a gift of securities to the Foundation controlled by Mr. Murray and his immediate family.

2. This transaction involved a gift of securities by the Foundation controlled by Mr. Murray and members of his immediate family to an outside entity. Mr. Murray disclaims beneficial ownership of the shares gifted.

3. Following all transactions on this Form 4, Mr. Murray owns directly 157,988 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 33,240 shares of DHI common stock.

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

5. These shares were surrendered to issuer to cover tax obligations of the 2,094 shares of DHI common stock issued upon the vesting of the restricted stock units awarded November 8, 2023.

6. On November 8, 2023, the reporting person was granted 10,470 restricted stock units, vesting in five annual installments beginning November 8, 2024.

	/s/ Michael J. Murray	11/09/2026
	** 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)