Forestar Group (FOR) CEO Oxley exercises 4,977 RSUs, 1,959 shares surrendered for taxes

Rhea-AI Filing Summary

Forestar Group Inc. director and CEO Anthony W. Oxley exercised restricted stock units into common shares and had shares withheld for taxes. On March 28, 2026, he exercised 4,977 restricted stock units, receiving an equal number of common shares.

On the same date, 1,959 common shares were surrendered at $24.81 per share to cover withholding tax obligations, leaving Oxley with 12,811 common shares held directly. He also has 9,263 common shares held indirectly through The Anthony and Mary Oxley Revocable Trust. Each restricted stock unit represents a right to receive one share of Forestar common stock upon vesting, and the filing notes a prior grant of 14,930 restricted stock units on March 28, 2024, vesting in three annual installments beginning March 28, 2025.

Insider Trade Summary

4,977 shares exercised/converted

Mixed 4 txns

Insider Oxley Anthony W

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	4,977	$0.00	--
Exercise	Common Stock	4,977	$0.00	--
Tax Withholding	Common Stock	1,959	$24.81	$49K
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Unit — 4,977 shares (Direct); Common Stock — 14,770 shares (Direct); Common Stock — 9,263 shares (Indirect, Held by The Anthony and Mary Oxley Revocable Trust.)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting. These shares are surrendered to issuer to cover withholding tax obligations of the shares vested on March 28, 2026. On March 28, 2024, the reporting person was granted 14,930 restricted stock units, vesting in three annual installments beginning March 28, 2025.

Key Figures

RSUs exercised: 4,977 units Shares surrendered for tax: 1,959 shares at $24.81 Direct holdings after transaction: 12,811 shares +2 more

5 metrics

RSUs exercised 4,977 units Restricted stock units converted to common stock on March 28, 2026

Shares surrendered for tax 1,959 shares at $24.81 Common shares surrendered to cover withholding tax obligations

Direct holdings after transaction 12,811 shares Common stock held directly by Anthony W. Oxley after March 28, 2026

Indirect trust holdings 9,263 shares Common stock held indirectly via The Anthony and Mary Oxley Revocable Trust

Prior RSU grant 14,930 units Restricted stock units granted on March 28, 2024, vesting over three years

Key Terms

Restricted Stock Unit, tax-withholding disposition, indirect ownership, Revocable Trust

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.

tax-withholding disposition financial

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

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.

indirect ownership financial

"Held by The Anthony and Mary Oxley Revocable Trust."

Revocable Trust financial

"Held by The Anthony and Mary Oxley Revocable Trust."

A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.

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^*

Oxley Anthony W

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive 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		4,977	A	$0(1)	14,770	D
Common Stock	03/28/2026		F		1,959(2)	D	$24.81	12,811	D
Common Stock								9,263	I	Held by The Anthony and Mary Oxley Revocable Trust.

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			4,977	(3)	(3)	Common Stock	4,977	$0	4,977	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 14,930 restricted stock units, vesting in three annual installments beginning March 28, 2025.

Remarks:

	/s/ James D. Allen, Attorney-in-fact for Anthony W. Oxley	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) CEO Anthony W. Oxley report in this Form 4?

Anthony W. Oxley reported exercising 4,977 restricted stock units into Forestar Group common stock. On the same day, 1,959 shares were surrendered to cover tax withholding, resulting in updated direct and indirect share holdings disclosed in the filing.

How many Forestar Group (FOR) shares did Anthony W. Oxley acquire through RSU vesting?

He acquired 4,977 common shares on March 28, 2026 through the exercise of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Forestar common stock upon vesting, according to the filing’s footnotes.

How were taxes handled on Anthony W. Oxley’s Forestar Group (FOR) RSU vesting?

The filing states 1,959 common shares were surrendered to the issuer at $24.81 per share to cover withholding tax obligations. This tax-withholding disposition is coded “F” and is not an open-market sale of Forestar Group stock.

What are Anthony W. Oxley’s direct and indirect Forestar Group (FOR) holdings after these transactions?

After the transactions, Oxley holds 12,811 common shares directly. He also has 9,263 common shares held indirectly through The Anthony and Mary Oxley Revocable Trust, as disclosed in the Form 4 ownership table.

What prior RSU grant for Forestar Group (FOR) does the Form 4 mention?

The filing notes that on March 28, 2024, Oxley was granted 14,930 restricted stock units. These units vest in three equal annual installments beginning March 28, 2025, providing a multi-year equity compensation schedule.

Does this Forestar Group (FOR) Form 4 show any open-market stock purchases or sales?

No open-market buys or sells are shown. The reported transactions are an exercise or conversion of restricted stock units and an F-code tax-withholding disposition, where shares were surrendered to cover tax obligations rather than sold in the market.