Horton DR (DHI) director converts 203 restricted stock units into common shares

Rhea-AI Filing Summary

HORTON D R INC director Bradley S. Anderson exercised restricted stock units that converted into common stock. On this date, 203 restricted stock units were exchanged for 203 shares of common stock at a conversion price of $0.00 per unit. Following the transaction, Anderson directly holds 36,319 shares of common stock, and no shares were sold as part of this filing. The restricted stock units were part of a prior grant of 1,015 units that vest in five annual installments beginning March 17, 2022.

Insights

Equity Compensation Analyst

Routine RSU vesting converts 203 units into common shares with no sale.

Director Bradley S. Anderson exercised 203 restricted stock units, receiving 203 shares of HORTON D R INC common stock at a conversion price of $0.00. This reflects scheduled equity compensation rather than a market purchase or sale.

The filing shows 36,319 common shares held directly after the transaction, indicating that all newly delivered shares were retained. The derivativeSummary is empty, suggesting no remaining RSUs or similar derivatives are reported in this filing.

The footnotes explain these units came from a grant of 1,015 restricted stock units awarded on March 17, 2021, vesting annually over five years beginning March 17, 2022. Future filings may show additional vesting from this grant as installments continue.

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)
03/17/2026

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	03/17/2026		M		203	A	(1)	36,319	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)	03/17/2026		M			203	(2)	(2)	Common Stock	203	$0	0	D

Explanation of Responses:

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

2. On March 17, 2021, the reporting person was granted 1,015 restricted stock units, vesting in five annual installments beginning March 17, 2022.

	/s/ Thomas B. Montano, Attorney-in-Fact	03/18/2026
	** 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)

FAQ

What insider transaction did Bradley S. Anderson report for HORTON D R INC (DHI)?

Bradley S. Anderson reported exercising 203 restricted stock units, which converted into 203 shares of HORTON D R INC common stock at a conversion price of $0.00 per unit. This was an equity compensation event, not an open-market trade.

How many HORTON D R INC shares does Bradley S. Anderson hold after this Form 4?

After the reported transaction, Bradley S. Anderson directly holds 36,319 shares of HORTON D R INC common stock. These holdings include the 203 shares received from the restricted stock unit conversion disclosed in this Form 4 filing.

Was the HORTON D R INC Form 4 transaction a stock purchase or sale?

The Form 4 does not report an open-market purchase or sale. Instead, it shows an exercise of 203 restricted stock units that converted into an equal number of common shares at $0.00, with no shares sold in the transaction.

What type of security did Bradley S. Anderson convert into HORTON D R INC common stock?

He converted 203 restricted stock units into 203 shares of HORTON D R INC common stock. Each unit converted on a one-for-one basis, as noted in the footnotes explaining that each restricted stock unit converts into one share of common stock.

When were the restricted stock units underlying this HORTON D R INC Form 4 grant originally awarded?

The underlying grant of restricted stock units was awarded on March 17, 2021. That grant totaled 1,015 units, scheduled to vest in five annual installments beginning March 17, 2022, with this Form 4 reflecting one installment’s conversion to shares.

Does this HORTON D R INC Form 4 indicate any remaining derivative or RSU positions for Bradley S. Anderson?

The filing’s derivative section shows no remaining derivative positions after this transaction. However, the original 1,015-unit grant vests over five years, so additional units from that grant may vest later, potentially appearing in future Form 4 filings.