Forestar Group Inc. director Form 4 shows 750 RSUs settled

Rhea-AI Filing Summary

Forestar Group Inc. (FOR) director equity transaction: A director reported the vesting and settlement of 750 restricted stock units into an equal number of shares of Forestar common stock on 11/20/2025, at an exercise price of $0. After this transaction, the director beneficially owns 2,203 shares of common stock in direct ownership.

The 750 units came from a grant of 2,250 restricted stock units awarded on 11/20/2024, which vest in three equal annual installments beginning 11/20/2025. Following the reported transaction, the director continues to hold 1,500 restricted stock units directly, each representing a contingent right to receive one share of Forestar common stock upon future vesting.

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
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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^*

Fischer Kellie L

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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	11/20/2025		M		750	A	$0	2,203	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)	11/20/2025		M			750	(2)	(2)	Common Stock	750	$0	1,500	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 November 20, 2024, the reporting person was granted 2,250 restricted stock units, vesting in three annual installments beginning November 20, 2025.

Remarks:

	/s/ Ashley Dagley, Attorney-in-Fact for Kellie L. Fischer	11/24/2025
	** 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 was reported for Forestar Group Inc. (FOR)?

A director reported the vesting and settlement of 750 restricted stock units into 750 shares of Forestar common stock on 11/20/2025 at an exercise price of $0.

How many Forestar (FOR) shares does the reporting person own after this Form 4?

After the transaction, the reporting person beneficially owns 2,203 shares of Forestar Group Inc. common stock in direct ownership.

What restricted stock unit grant underlies this Form 4 for FOR?

On 11/20/2024, the reporting person was granted 2,250 restricted stock units, vesting in three annual installments beginning 11/20/2025.

How many restricted stock units in Forestar (FOR) remain after the reported transaction?

Following the reported vesting of 750 units, the reporting person continues to hold 1,500 restricted stock units directly.

What does each restricted stock unit represent in this Forestar (FOR) filing?

Each restricted stock unit represents a contingent right to receive one share of Forestar Group Inc. common stock upon vesting.

What is the relationship of the reporting person to Forestar Group Inc. (FOR)?

The reporting person is identified as a director of Forestar Group Inc.