DHI Form 4: Director’s 289 RSUs convert to common shares

Rhea-AI Filing Summary

D.R. Horton director reports vesting of restricted stock units

A director of D.R. Horton, Inc. (DHI) reported an equity transaction involving company stock. On November 20, 2025, 289 restricted stock units converted into 289 shares of D.R. Horton common stock, increasing the director’s directly held common shares to 21,633. These units were part of a grant of 1,445 restricted stock units awarded on November 20, 2024, which vest in five annual installments beginning November 20, 2025. Following this transaction, the director also holds 1,156 derivative securities in the form of restricted stock units, all reported as directly owned.

Insider Trade Summary

289 shares exercised/converted

Mixed 2 txns

Insider Miller Maribess L

Role Director

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

Holdings After Transaction: Restricted Stock Unit — 1,156 shares (Direct); Common Stock — 21,633 shares (Direct)

Footnotes (1)

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

Form 4 Insider Transactions: What Each Field Means →

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^*

Miller Maribess L

(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)	21,633	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.

FAQ

What insider transaction did D.R. Horton (DHI) report on this Form 4?

The filing reports that a director had 289 restricted stock units convert into 289 shares of D.R. Horton common stock on November 20, 2025.

How many D.R. Horton (DHI) common shares does the director own after this transaction?

After the transaction, the director beneficially owns 21,633 shares of D.R. Horton common stock in direct ownership.

What is the origin of the restricted stock units reported in this DHI Form 4?

The units come from a grant of 1,445 restricted stock units awarded on November 20, 2024, scheduled to vest in five annual installments beginning November 20, 2025.

How many restricted stock units does the D.R. Horton director still hold after the conversion?

Following the conversion of 289 units, the director continues to hold 1,156 restricted stock units, all reported as directly owned.

What does transaction code "M" mean in this D.R. Horton (DHI) Form 4?

Transaction code "M" indicates the exercise or conversion of a derivative security—in this case, restricted stock units converting into D.R. Horton common stock.

Is the reporting person in this D.R. Horton (DHI) Form 4 a director or officer?

The filing identifies the reporting person as a Director of D.R. Horton, Inc., with the director relationship box checked.