DHI EVP & CFO reports RSU conversion and 556 tax shares on Form 4

Rhea-AI Filing Summary

D.R. Horton executive vice president and chief financial officer reported routine equity compensation activity involving restricted stock units. On November 20, 2025, 1,411 restricted stock units converted into the same number of shares of DHI common stock. On the same date, 556 of these shares were surrendered to the company at $137.32 per share to cover related tax obligations. After these transactions, the reporting person directly beneficially owned 331,535 shares of common stock and 5,644 restricted stock units. The filing notes that the original grant of 7,055 restricted stock units was made on November 20, 2024 and vests in five annual installments beginning November 20, 2025.

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^*

WHEAT BILL W

(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 CFO

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		1,411	A	(1)	332,091	D
Common Stock	11/20/2025		F(2)		556	D	$137.32	331,535	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			1,411	(3)	(3)	Common Stock	1,411	$0	5,644	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 1,411 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 7,055 restricted stock units, vesting in five annual installments beginning November 20, 2025.

	/s/ Bill W. Wheat	11/21/2025
	** 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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FAQ

What insider transaction did D.R. Horton (DHI) disclose in this Form 4?

The filing reports that the EVP and CFO had 1,411 restricted stock units convert into the same number of DHI common shares, with a portion of those shares surrendered to cover taxes.

How many D.R. Horton shares were used to cover taxes in this Form 4?

The reporting person surrendered 556 shares of D.R. Horton common stock at a price of $137.32 per share to satisfy tax withholding obligations related to the RSU vesting.

How many D.R. Horton shares does the executive own after this transaction?

Following the reported transactions, the executive directly beneficially owned 331,535 shares of D.R. Horton common stock.

How many restricted stock units in D.R. Horton remain after the Form 4 event?

After the conversion of 1,411 units, the executive held 5,644 restricted stock units in D.R. Horton.

When were the D.R. Horton restricted stock units originally granted and how do they vest?

The filing states that 7,055 restricted stock units were granted on November 20, 2024, vesting in five annual installments beginning November 20, 2025.

What position does the reporting person hold at D.R. Horton (DHI)?

The reporting person is identified as an officer, serving as EVP and CFO of D.R. Horton.