Forestar Group COO acquires 3,607 vested shares

The grant's five annual vesting installments began October 29, 2026, leaving 14,428 restricted stock units after the first reported vesting.

Available on EDGAR 11/02/2026 - 05:10 PM EST Accepted by SEC EDGAR 11/02/2026 - 05:09 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Forestar Group Inc. Chief Operating Officer Mark Stephen Walker reported the vesting and conversion of 3,607 restricted stock units into 3,607 common shares on October 29, 2026. He had 14,428 restricted stock units following the transaction. He also surrendered 1,600 common shares to the issuer to cover withholding tax obligations on shares vested that day; the reported price was $25.03 per share. The units came from an 18,035-unit grant on October 29, 2025, vesting in five annual installments beginning October 29, 2026.

Insider Trade Summary

3,607 shares exercised/converted

Exercise 3 txns

Insider Walker Mark Stephen

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit F1, F3	3,607	$0.00	$0.00
Exercise	Common Stock F1	3,607	$0.00	$0.00
Tax Withholding	Common Stock F2	1,600	$25.03	$40K

Holdings After Transaction: Restricted Stock Unit — 14,428 contracts (Direct); Common Stock — 28,854 shares (Direct)

Footnotes (3)

1. F1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting.
2. F2. These shares are surrendered to issuer to cover withholding tax obligations of the shares vested on October 29, 2026.
3. F3. On October 29, 2025, the reporting person was granted 18,035 restricted stock units, vesting in five annual installments beginning October 29, 2026.

Key Figures

Restricted stock units vested: 3,607 units Common shares acquired: 3,607 shares Shares surrendered for withholding taxes: 1,600 shares +4 more

7 metrics

Restricted stock units vested 3,607 units October 29, 2026

Common shares acquired 3,607 shares Upon vesting of restricted stock units on October 29, 2026

Shares surrendered for withholding taxes 1,600 shares October 29, 2026

Reported price per share $25.03 per share Shares surrendered for withholding tax obligations on October 29, 2026

Restricted stock units following transaction 14,428 units After the reported transaction on October 29, 2026

Restricted stock unit grant 18,035 units Granted October 29, 2025

Annual vesting installments 5 installments Beginning October 29, 2026

Key Terms

restricted stock unit, vesting, withholding tax obligations

3 terms

restricted stock unit financial

"Each restricted stock unit represents a contingent right to receive one share"

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.

vesting financial

"vesting in five annual installments beginning October 29, 2026"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

withholding tax obligations financial

"surrendered to issuer to cover withholding tax obligations"

FAQ

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

How many shares did the FOR chief operating officer acquire?

Mark Stephen Walker, Forestar Group Inc.'s Chief Operating Officer, acquired 3,607 common shares as 3,607 restricted stock units vested on October 29, 2026. He also surrendered 1,600 shares to the issuer for withholding tax obligations at $25.03 per share; no Rule 10b5-1 plan is reported.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Walker Mark Stephen

(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 Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2026

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	10/29/2026		M		3,607	A	$0(1)	30,454	D
Common Stock	10/29/2026		F		1,600(2)	D	$25.03	28,854	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)	10/29/2026		M			3,607	(3)	(3)	Common Stock	3,607	$0	14,428	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 October 29, 2026.

3. On October 29, 2025, the reporting person was granted 18,035 restricted stock units, vesting in five annual installments beginning October 29, 2026.

Remarks:

	/s/ James D. Allen, Attorney-in-fact for Mark Stephen Walker	11/02/2026
	** 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)