[Form 4] Forestar Group Inc. Insider Trading Activity

Rhea-AI Filing Summary

Allen James Douglas, Forestar Group Inc.'s Chief Financial Officer, reported a sale of 19,000 shares of Forestar common stock on 08/08/2025 at $26.08 per share. Following the sale he directly beneficially owns 29,928 shares. The filing reports only non-derivative activity on an SEC Form 4 and shows the form was executed by an attorney-in-fact.

Insights

Securities Analyst

TL;DR: CFO sale of 19,000 FOR shares valued at $495,520; remaining direct holdings 29,928 shares.

The Form 4 discloses a direct sale (transaction code S) of 19,000 Forestar (FOR) common shares on 08/08/2025 at $26.08 per share, totaling approximately $495,520. After the transaction the reporting person holds 29,928 shares directly. No derivative positions are reported, and the filing is by a single reporting person.

Corporate Governance Expert

TL;DR: Routine insider sale by a named officer; disclosure completed via Form 4 and executed by attorney-in-fact.

The disclosure identifies the reporting person as the Chief Financial Officer and shows a single non-derivative sale event. The form includes an attorney-in-fact signature, indicating the filing was submitted on the reporting person's behalf. The transaction is presented as a standard insider sale with clear post-transaction direct ownership reported.

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^*

Allen James Douglas

(Last) (First) (Middle)

2221 E. LAMAR BLVD.

SUITE 790

(Street)

ARLINGTON TX 76006

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Forestar Group Inc. [ FOR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2025

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	08/08/2025		S		19,000	D	$26.08	29,928	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

Explanation of Responses:

Remarks:

	/s/ Ashley Dagley, Attorney-in-fact for James Douglas Allen	08/11/2025
	** 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 Forestar (FOR) report?

The CFO sold 19,000 shares of Forestar common stock on 08/08/2025 at $26.08 per share.

How many Forestar (FOR) shares does the reporting person own after the sale?

The filing reports the reporting person directly beneficially owns 29,928 shares following the transaction.

Who is the reporting person in the Form 4 for FOR?

The report names Allen James Douglas, identified as the company's Chief Financial Officer.

Was any derivative security included in the reported transaction for FOR?

No. Table II for derivative securities is empty; only a non-derivative common stock sale is reported.

Was the Form 4 filed by more than one reporting person?

No. The form indicates it was filed by a single reporting person.