Director Parmer gains 1,096 Forestar (FOR) shares through RSU vesting

Rhea-AI Filing Summary

Forestar Group Inc. director Elizabeth Parmer reported an exercise of restricted stock units that converted into 1,096 shares of common stock on March 21, 2026. These units were part of a 3,286-unit grant awarded on March 21, 2023, vesting in three annual installments. After this vesting and conversion, Parmer directly holds 5,846 common shares. The transaction reflects routine equity compensation vesting, with no reported open-market purchases or sales.

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^*

Parmer Elizabeth

(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)
03/21/2026

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	03/21/2026		M		1,096	A	$0(1)	5,846	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)	03/21/2026		M			1,096	(2)	(2)	Common Stock	1,096	$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. On March 21, 2023, the reporting person was granted 3,286 restricted stock units, vesting in three annual installments beginning March 21, 2024.

Remarks:

	/s/ James D. Allen, Attorney-in-fact for Elizabeth Parmer	03/24/2026
	** 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) director Elizabeth Parmer report?

Elizabeth Parmer reported the vesting and exercise of 1,096 restricted stock units into Forestar common stock. The transaction was coded as a derivative exercise, increasing her direct holdings to 5,846 shares without any open-market buying or selling.

Was the Forestar (FOR) insider transaction a buy or a sale of shares?

The transaction was neither an open-market buy nor a sale. It was an exercise of restricted stock units, converting 1,096 units into common shares at a reported price of $0.0000 per share, consistent with routine equity compensation vesting.

How many Forestar (FOR) shares does Elizabeth Parmer hold after this Form 4 filing?

After the reported transaction, Elizabeth Parmer directly holds 5,846 shares of Forestar common stock. This reflects an increase from the 1,096 shares received upon conversion of vested restricted stock units reported in the filing.

What are the terms of Elizabeth Parmer’s restricted stock unit grant at Forestar (FOR)?

Parmer received a grant of 3,286 restricted stock units on March 21, 2023. According to the disclosure, the units vest in three annual installments beginning March 21, 2024, with each vested unit converting into one share of common stock.

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

Each restricted stock unit represents a contingent right to receive one share of Forestar common stock upon vesting. When vesting occurs, units convert into common shares, as shown by the 1,096 units converting into the same number of shares in this report.