Forestar Group (FOR) CFO exercises 2,330 RSUs, uses 863 shares for taxes

Rhea-AI Filing Summary

Forestar Group Inc. Chief Financial Officer James Douglas Allen exercised restricted stock units that vested into common stock and used a portion of the shares to cover taxes. On March 18, 2026, 2,330 restricted stock units converted into 2,330 shares of common stock.

Of these shares, 863 were surrendered to the issuer at $24.73 per share to satisfy withholding tax obligations tied to the vesting. Following these routine compensation-related transactions, Allen directly holds 32,953 shares of Forestar Group common stock.

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 TEXAS 76006

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

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	03/18/2026		M		2,330	A	$0(1)	33,816	D
Common Stock	03/18/2026		F		863(2)	D	$24.73	32,953	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)	03/18/2026		M			2,330	(3)	(3)	Common Stock	2,330	$0	0	D

Explanation of Responses:

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

2. These shares are surrendered to issuer to cover withholding tax obligations of the shares vested on March 18, 2026.

3. On March 18, 2021, the reporting person was granted 12,594 restricted stock units, vesting in five annual installments beginning March 18, 2022.

Remarks:

	/s/ James Douglas Allen	03/20/2026
	** 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 Forestar Group (FOR) disclose for its CFO?

Forestar Group reported that CFO James Douglas Allen exercised 2,330 restricted stock units into common shares. On the same date, 863 of those shares were surrendered back to the company to cover tax withholding obligations related to the vesting event.

How many Forestar Group (FOR) shares does the CFO hold after this Form 4?

After the transactions, CFO James Douglas Allen directly owns 32,953 shares of Forestar Group common stock. This reflects the 2,330 RSUs that vested into shares, net of 863 shares surrendered to the issuer for withholding taxes on March 18, 2026.

What are the details of the restricted stock units in this Forestar (FOR) filing?

Each restricted stock unit represents a contingent right to receive one Forestar common share upon vesting. The Form 4 notes a grant of 12,594 restricted stock units on March 18, 2021, vesting in five annual installments starting March 18, 2022, including the 2,330 units that vested in 2026.

Was the Forestar (FOR) CFO’s share disposition an open-market sale?

No. The 863 Forestar common shares were surrendered to the issuer to cover withholding tax obligations on vested restricted stock units. This tax-withholding disposition, coded “F,” is not an open-market sale and does not reflect a discretionary sale into the public market.

What transaction codes appear in the Forestar (FOR) CFO’s Form 4?

The filing shows code “M” for exercise or conversion of a derivative security, reflecting RSUs vesting into 2,330 common shares, and code “F” for 863 shares surrendered to pay tax liabilities. Both transactions involve direct holdings of Chief Financial Officer James Douglas Allen.