What price was used for the tax-related share surrender?

Shares were surrendered at $151.06 per share to cover tax obligations.

D.R. Horton EVP-COO settles 71,875 RSUs; sells 36,627 shares

Q: What did DHI insider Michael J. Murray report on Form 4?

He settled 71,875 RSUs, acquired 10,603 shares for performance bonuses, and surrendered 36,627 shares at $151.06 for taxes on 10/29/2025.

Q: How many DHI shares does Michael J. Murray hold after the transactions?

He holds 127,457 shares directly, plus 249,825 via a limited partnership and 32,340 via a family foundation.

Q: Were new RSUs granted to the DHI executive?

Yes. He was granted 8,445 RSUs that vest in five equal annual installments beginning October 29, 2026.

Q: What is Michael J. Murray’s role at D.R. Horton?

He is the company’s EVP and COO.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

D.R. Horton (DHI) EVP and COO Michael J. Murray reported insider equity activity on 10/29/2025. He settled 71,875 restricted stock units and received an additional 10,603 shares as payment related to performance bonuses for the period ending September 30, 2025. To cover tax obligations, he surrendered 36,627 shares at $151.06 per share.

After these transactions, he holds 127,457 shares directly, 249,825 shares indirectly via a limited partnership, and 32,340 shares indirectly via a family foundation. He was also granted 8,445 new RSUs vesting in five equal annual installments beginning October 29, 2026.

Insider Trade Summary

71,875 shares exercised/converted

Exercise 7 txns

Insider Murray Michael J

Role EVP and COO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	71,875	$0.00	$0.00
Grant/Award	Restricted Stock Unit	8,445	$0.00	$0.00
Exercise	Common Stock	71,875	$0.00	$0.00
Grant/Award	Common Stock	10,603	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	36,627	$151.06	$5.53M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 8,445 contracts (Direct); Common Stock — 127,457 shares (Direct); Common Stock — 249,825 shares (Indirect, Held by Limited Partnership controlled by Mr. Murray and his wife.); Common Stock — 32,340 shares (Indirect, Held by Foundation controlled by Mr. Murray and members of his immediate family.)

Footnotes (5)

F1. Represents payment or settlement in DHI common stock related to performance bonuses for the period ending September 30, 2025.
F2. Each restricted stock unit represents a contingent right to receive one share of DHI common stock upon vesting.
F3. These shares were surrendered to issuer to cover tax obligations of the 82,478 shares of DHI common stock referenced in note 1 above.
F4. Following all transactions on this Form 4, Mr. Murray owns directly 127,457 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 32,340 shares of DHI common stock.
F5. The restricted stock units vest in five equal annual installments beginning October 29, 2026.

FAQ

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

What did DHI insider Michael J. Murray report on Form 4?

He settled 71,875 RSUs, acquired 10,603 shares for performance bonuses, and surrendered 36,627 shares at $151.06 for taxes on 10/29/2025.

How many DHI shares does Michael J. Murray hold after the transactions?

He holds 127,457 shares directly, plus 249,825 via a limited partnership and 32,340 via a family foundation.

Were new RSUs granted to the DHI executive?

Yes. He was granted 8,445 RSUs that vest in five equal annual installments beginning October 29, 2026.

What period did the performance bonus shares relate to?

The payment in DHI common stock related to the period ending September 30, 2025.

What is Michael J. Murray’s role at D.R. Horton?

He is the company’s EVP and COO.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 10/31/2025 - 02:10 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^*

Murray Michael J

(Last)

(First)

(Middle)

1341 HORTON CIRCLE

(Street)

ARLINGTON

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 COO

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2025

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)
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	10/29/2025		M		71,875⁽¹⁾	A	$0⁽²⁾	153,481	D
Common Stock	10/29/2025		A		10,603⁽¹⁾	A	$0	164,084	D
Common Stock	10/29/2025		F		36,627⁽³⁾	D	$151.06	127,457⁽⁴⁾	D
Common Stock								249,825⁽⁴⁾	I	Held by Limited Partnership controlled by Mr. Murray and his wife.
Common Stock								32,340⁽⁴⁾	I	Held by Foundation controlled by Mr. Murray and members of his immediate family.

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	⁽²⁾	10/29/2025		M			71,875	⁽²⁾	10/29/2025	Common Stock	71,875	$0	0	D
Restricted Stock Unit	⁽²⁾	10/29/2025		A		8,445		⁽⁵⁾	⁽⁵⁾	Common Stock	8,445	$0	8,445	D

Explanation of Responses:

1. Represents payment or settlement in DHI common stock related to performance bonuses for the period ending September 30, 2025.

2. Each restricted stock unit represents a contingent right to receive one share of DHI common stock upon vesting.

3. These shares were surrendered to issuer to cover tax obligations of the 82,478 shares of DHI common stock referenced in note 1 above.

4. Following all transactions on this Form 4, Mr. Murray owns directly 127,457 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 32,340 shares of DHI common stock.

5. The restricted stock units vest in five equal annual installments beginning October 29, 2026.

	/s/ Michael J. Murray	10/31/2025
	** 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.

Source: View Original Filing on SEC EDGAR