D.R. Horton director gets 264 shares vested

Q: What did DHI director Barbara Smith report in this Form 4?

Barbara Smith reported exercising 264 restricted stock units, which converted into 264 shares of D.R. Horton common stock on August 26, 2026, increasing her directly held common stock to 817 shares and leaving 792 restricted stock units outstanding.

Q: How many DHI restricted stock units did Barbara Smith convert and when?

She converted 264 restricted stock units into common stock on August 26, 2026. Each unit converted into one share of D.R. Horton common stock, as disclosed in the footnotes.

Q: Were Barbara Smith’s DHI transactions under a Rule 10b5-1 plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox was not marked, so the transactions were reported as not pursuant to a Rule 10b5-1 trading plan.

Q: What prior equity grant to Barbara Smith does DHI disclose in this filing?

D.R. Horton discloses that on August 26, 2024, Barbara Smith was granted 1,320 restricted stock units, vesting in five annual installments beginning August 26, 2025.

HORTON D R INC (DHI) director Barbara Smith reported the exercise of 264 restricted stock units, which converted into an equal number of shares of common stock on August 26, 2026.

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Form Type

Rhea-AI Filing Summary

HORTON D R INC (DHI) director Barbara Smith reported the exercise of 264 restricted stock units, which converted into an equal number of shares of common stock on August 26, 2026. The derivative position decreased to 792 restricted stock units, and her directly held common stock increased to 817 shares. The filing indicates these transactions were not made under a Rule 10b5-1 trading plan. A prior grant of 1,320 restricted stock units vests in five annual installments beginning August 26, 2025.

Insider Trade Summary

264 shares exercised/converted

Exercise 2 txns

Insider Smith Barbara

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit ^{F1, F2}	264	$0.00	$0.00
Exercise	Common Stock ^F1	264	--	--

Holdings After Transaction: Restricted Stock Unit — 792 contracts (Direct); Common Stock — 817 shares (Direct)

Footnotes (2)

F1. Each restricted stock unit converts into one share of DHI common stock.
F2. On August 26, 2024, the reporting person was granted 1,320 restricted stock units, vesting in five annual installments beginning August 26, 2025.

Key Figures

Restricted stock units converted: 264 restricted stock units Common stock holdings after transaction: 817 shares Restricted stock units remaining: 792 restricted stock units +1 more

4 metrics

Restricted stock units converted 264 restricted stock units Exercised and converted into common stock on August 26, 2026

Common stock holdings after transaction 817 shares Directly held by Barbara Smith after the August 26, 2026 transactions

Restricted stock units remaining 792 restricted stock units Derivative holdings following the conversion on August 26, 2026

Prior restricted stock unit grant 1,320 restricted stock units Granted on August 26, 2024, vesting in five annual installments beginning August 26, 2025

Key Terms

Restricted Stock Unit, derivative security, Rule 10b5-1

3 terms

Restricted Stock Unit financial

"security_title: "Restricted Stock Unit""

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.

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Rule 10b5-1 regulatory

"aff_10b5_one indicates the Rule 10b5-1 checkbox status"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What did DHI director Barbara Smith report in this Form 4?

Barbara Smith reported exercising 264 restricted stock units, which converted into 264 shares of D.R. Horton common stock on August 26, 2026, increasing her directly held common stock to 817 shares and leaving 792 restricted stock units outstanding.

How many DHI restricted stock units did Barbara Smith convert and when?

She converted 264 restricted stock units into common stock on August 26, 2026. Each unit converted into one share of D.R. Horton common stock, as disclosed in the footnotes.

What are Barbara Smith’s reported DHI holdings after these transactions?

After the reported transactions, Barbara Smith directly held 817 shares of D.R. Horton common stock and 792 restricted stock units, according to the Form 4 data.

Were Barbara Smith’s DHI transactions under a Rule 10b5-1 plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox was not marked, so the transactions were reported as not pursuant to a Rule 10b5-1 trading plan.

What prior equity grant to Barbara Smith does DHI disclose in this filing?

D.R. Horton discloses that on August 26, 2024, Barbara Smith was granted 1,320 restricted stock units, vesting in five annual installments beginning August 26, 2025.

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

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Available on EDGAR 08/26/2026 - 05:17 PM EDT Accepted by SEC EDGAR 08/26/2026 - 05:16 PM EDT

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^*

Smith Barbara

(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)
08/26/2026

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	08/26/2026		M		264	A	⁽¹⁾	817	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⁾	08/26/2026		M			264	⁽²⁾	⁽²⁾	Common Stock	264	$0	792	D

Explanation of Responses:

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

2. On August 26, 2024, the reporting person was granted 1,320 restricted stock units, vesting in five annual installments beginning August 26, 2025.

	/s/ Thomas B. Montano, Attorney-in-Fact	08/26/2026
	** 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