DHI director reports 289-share RSU conversion, 687 shares owned

Accepted by SEC EDGAR 11/21/2025 - 03:05 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

D.R. Horton director reports an equity award transaction on Form 4. On 11/20/2025, the reporting person exercised 289 restricted stock units, which each converted into one share of DHI common stock, and acquired 289 shares in a transaction coded "M".

After this transaction, the director beneficially owned 687 shares of DHI common stock directly and held 1,156 restricted stock units. These RSUs relate to a prior grant of 1,445 restricted stock units awarded on 11/20/2024, scheduled to vest in five annual installments beginning 11/20/2025.

Insider Trade Summary

289 shares exercised/converted

Exercise 2 txns

Insider CROW M CHAD

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	289	$0.00	$0.00
Exercise	Common Stock	289	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 1,156 contracts (Direct); Common Stock — 687 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit converts into one share of DHI common stock.
2. F2. On November 20, 2024, the reporting person was granted 1,445 restricted stock units, vesting in five annual installments beginning November 20, 2025.

FAQ

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

What insider transaction did DHI report on this Form 4?

The filing shows a D.R. Horton director exercised 289 restricted stock units on 11/20/2025, converting them into 289 shares of DHI common stock in a transaction coded "M".

How many DHI shares does the reporting person own after the transaction?

Following the reported transaction, the director beneficially owned 687 shares of D.R. Horton common stock directly.

How many DHI restricted stock units does the insider still hold?

After converting 289 units, the director held 1,156 restricted stock units tied to D.R. Horton common stock.

What was the original DHI restricted stock unit grant mentioned in the Form 4?

On 11/20/2024, the director was granted 1,445 restricted stock units, scheduled to vest in five annual installments beginning 11/20/2025.

What does each DHI restricted stock unit represent in this Form 4?

Each restricted stock unit described in the filing converts into one share of DHI common stock when it vests and is settled.

What is the ownership form of the DHI securities reported on this Form 4?

Both the 687 common shares and 1,156 restricted stock units are reported as owned in direct form by the director.

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

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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^*

CROW M CHAD

(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
	Officer (give title below)		Other (specify below)

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		289	A	(1)	687	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			289	(2)	(2)	Common Stock	289	$0	1,156	D

Explanation of Responses:

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

2. On November 20, 2024, the reporting person was granted 1,445 restricted stock units, vesting in five annual installments beginning November 20, 2025.

	/s/ Thomas B. Montano, Attorney-in-Fact	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).
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.