Forestar CFO exercises RSUs, withholds shares for tax

Forestar Group Inc. Chief Financial Officer James Douglas Allen exercised restricted stock units and had shares withheld for taxes.

Rhea-AI Filing Summary

Forestar Group Inc. Chief Financial Officer James Douglas Allen exercised restricted stock units and had shares withheld for taxes. On March 28, 2026 he converted 1,991 restricted stock units into the same number of common shares at a $0.00 exercise price, as part of an equity award that vests annually. To cover withholding tax obligations on the vested shares, 737 common shares were surrendered to the issuer at $24.81 per share, leaving him with 37,621 common shares held directly and 5,599 restricted stock units outstanding.

Insider Trade Summary

1,991 shares exercised/converted

Exercise 3 txns

Insider Allen James Douglas

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	1,991	$0.00	$0.00
Exercise	Common Stock	1,991	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	737	$24.81	$18K

Holdings After Transaction: Restricted Stock Unit — 5,599 contracts (Direct); Common Stock — 37,621 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 March 28, 2026.
3. F3. On March 28, 2024, the reporting person was granted 9,953 restricted stock units, vesting in five annual installments beginning March 28, 2025.

Key Figures

RSUs exercised: 1,991 units Shares withheld for tax: 737 shares Tax withholding price: $24.81/share +3 more

6 metrics

RSUs exercised 1,991 units Restricted stock units converted to common stock on March 28, 2026

Shares withheld for tax 737 shares Common shares surrendered for withholding at $24.81 per share

Tax withholding price $24.81/share Value applied to 737 surrendered shares

Common shares after transaction 37,621 shares Directly held common stock following March 28, 2026 transactions

RSUs outstanding 5,599 units Restricted stock units remaining after the reported exercise

Original RSU grant 9,953 units Awarded March 28, 2024, vesting in five annual installments

Key Terms

Restricted Stock Unit, withholding tax obligations, vesting, tax-withholding disposition

4 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.

withholding tax obligations financial

"These shares are surrendered to issuer to cover withholding tax obligations of the shares vested on March 28, 2026."

vesting financial

"On March 28, 2024, the reporting person was granted 9,953 restricted stock units, vesting in five annual installments beginning March 28, 2025."

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.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

FAQ

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

What insider transaction did Forestar Group (FOR) report for its CFO?

Forestar Group reported that CFO James Douglas Allen exercised 1,991 restricted stock units into common stock. As part of the same event, 737 shares were surrendered back to the company to satisfy withholding tax obligations, leaving him with 37,621 common shares directly owned.

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

After these transactions, the CFO directly holds 37,621 shares of Forestar Group common stock. He also has 5,599 restricted stock units outstanding, representing additional contingent rights to receive common shares upon future vesting under the existing equity award.

Were the Forestar Group (FOR) insider transactions open-market buys or sales?

The reported activity reflects equity award mechanics, not open-market trading. The CFO exercised 1,991 restricted stock units at a $0.00 price and 737 shares were withheld to cover tax obligations, so there were no discretionary market purchases or sales in this Form 4.

What price was used for the Forestar Group (FOR) tax-withholding shares?

For tax withholding, 737 Forestar Group common shares were surrendered at $24.81 per share. This price is used solely to determine the value of shares applied toward the withholding obligation associated with the vesting restricted stock units.

What is the origin of the CFO’s restricted stock units at Forestar Group (FOR)?

The Form 4 notes that on March 28, 2024, the CFO was granted 9,953 restricted stock units. These units vest in five equal annual installments starting March 28, 2025, with each vested portion convertible into an equivalent number of common shares.

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

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Accepted by SEC EDGAR 03/31/2026 - 04:07 PM Learn about SEC filing dates

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^*

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)
03/28/2026

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		1,991	A	$0(1)	38,358	D
Common Stock	03/28/2026		F		737(2)	D	$24.81	37,621	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			1,991	(3)	(3)	Common Stock	1,991	$0	5,599	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 28, 2026.

3. On March 28, 2024, the reporting person was granted 9,953 restricted stock units, vesting in five annual installments beginning March 28, 2025.

Remarks:

	/s/ James Douglas Allen	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)