Forestar (FOR) director converts 402 RSUs, now holding 26,107 shares

Rhea-AI Filing Summary

Forestar Group Inc. director Lisa H. Jamieson exercised restricted stock units into common shares. She converted 402 restricted stock units, each representing one share of FOR common stock, into 402 shares of common stock at an exercise price of $0.00 per share. Following the transaction, she directly holds 26,107 shares of Forestar common stock. The exercised units relate to a 1,207-unit restricted stock grant awarded on March 28, 2024, which vests in three annual installments beginning March 28, 2025.

Insider Trade Summary

402 shares exercised/converted

Mixed 2 txns

Insider Jamieson Lisa H.

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	402	$0.00	--
Exercise	Common Stock	402	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 403 shares (Direct); Common Stock — 26,107 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting. On March 28, 2024, the reporting person was granted 1,207 restricted stock units, vesting in three annual installments beginning March 28, 2025.

Key Figures

RSUs exercised: 402 units Exercise price: $0.00 per share Shares held after transaction: 26,107 shares +1 more

4 metrics

RSUs exercised 402 units Restricted stock units converted to common stock

Exercise price $0.00 per share Price per share for RSU conversion

Shares held after transaction 26,107 shares Common stock directly owned post-transaction

Original RSU grant size 1,207 units Grant dated March 28, 2024, vesting in three installments

Key Terms

Restricted Stock Unit, derivative security, vest

3 terms

Restricted Stock Unit financial

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

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vest financial

"vesting in three annual installments beginning March 28, 2025."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

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^*

Jamieson Lisa H.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/28/2026

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	03/28/2026		M		402	A	$0(1)	26,107	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)	03/28/2026		M			402	(2)	(2)	Common Stock	402	$0	403	D

Explanation of Responses:

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

2. On March 28, 2024, the reporting person was granted 1,207 restricted stock units, vesting in three annual installments beginning March 28, 2025.

Remarks:

	/s/ James D. Allen, Attorney-in-fact for Lisa H. Jamieson	03/31/2026
	** 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 did Forestar Group (FOR) director Lisa H. Jamieson do in this Form 4?

Lisa H. Jamieson exercised 402 restricted stock units into 402 shares of Forestar common stock at $0.00 per share. This was a derivative exercise/conversion, not an open-market purchase or sale, and increased her directly held common shares.

How many Forestar (FOR) shares does Lisa H. Jamieson hold after this transaction?

After the transaction, Lisa H. Jamieson directly holds 26,107 shares of Forestar common stock. This figure reflects her position following the conversion of 402 restricted stock units into common shares on the reported transaction date.

What are restricted stock units (RSUs) in the Forestar (FOR) Form 4 filing?

In this filing, each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting. When vested and settled, these RSUs are converted into common shares, as seen with the 402 units exercised here.

What RSU grant underlies Lisa H. Jamieson’s Forestar (FOR) stock unit exercise?

The exercised units are part of a 1,207 restricted stock unit grant awarded on March 28, 2024. According to the disclosure, this grant vests in three annual installments beginning on March 28, 2025, delivering common shares upon each vesting event.

Was this Forestar (FOR) Form 4 transaction an open-market stock purchase or sale?

No. The Form 4 describes a derivative exercise/conversion with transaction code M. Jamieson converted 402 restricted stock units into 402 common shares at $0.00 per share, rather than buying or selling shares on the open market.