Director at Forestar (NYSE: FOR) exercises 1,096 RSUs into common stock

Rhea-AI Filing Summary

Forestar Group Inc. director Lisa H. Jamieson exercised restricted stock units into common shares. On March 21, 2026, 1,096 restricted stock units converted into 1,096 shares of Forestar common stock at a stated price of $0.00 per share. Following the transaction, she directly holds 25,705 common shares. The units come from a March 21, 2023 grant of 3,286 restricted stock units that vest in three annual installments beginning March 21, 2024, reflecting routine equity-based compensation rather than open-market buying or selling.

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

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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^*

Jamieson Lisa H.

(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)	25,705	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 Lisa H. Jamieson	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 (FOR) report for Lisa H. Jamieson?

Forestar reported that director Lisa H. Jamieson exercised 1,096 restricted stock units into 1,096 shares of common stock. This is a compensation-related conversion, not an open-market purchase or sale, and reflects previously granted equity vesting into actual shares.

How many Forestar (FOR) shares does Lisa H. Jamieson own after this Form 4?

After exercising 1,096 restricted stock units, Lisa H. Jamieson directly owns 25,705 Forestar common shares. This figure comes from the post-transaction holdings reported in the Form 4 and shows her continuing equity stake in the company as a director.

Was the Forestar (FOR) Form 4 transaction an open-market buy or sell?

The Form 4 shows no open-market buy or sell. Instead, it records an exercise or conversion of 1,096 restricted stock units into common stock at a stated price of $0.00, a standard equity compensation event rather than discretionary share trading.

What are the terms of Lisa H. Jamieson’s restricted stock units at Forestar (FOR)?

The filing notes a March 21, 2023 grant of 3,286 restricted stock units to Lisa H. Jamieson. These units vest in three equal annual installments beginning March 21, 2024, with each unit representing a contingent right to receive one Forestar common share upon vesting.

How many restricted stock units did Forestar (FOR) director Jamieson exercise?

Lisa H. Jamieson exercised 1,096 restricted stock units, which converted into 1,096 shares of Forestar common stock. This exercise reduced her remaining restricted stock unit balance from that grant while increasing her direct common stock ownership reported in the filing.