FOR Form 4: Director receives 2,995 RSUs, 3-year vesting

Rhea-AI Filing Summary

Forestar Group Inc. (FOR) reported a Form 4 for director Kellie L. Fischer. On October 29, 2025, Fischer acquired 2,995 restricted stock units (RSUs), each representing the right to receive one share of FOR common stock upon vesting. The RSUs vest in three annual installments beginning October 29, 2026. Following the transaction, 2,995 derivative securities were beneficially owned, held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fischer Kellie L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	2,995	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 2,995 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting. The restricted stock units vest in three annual installments beginning October 29, 2026.

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^*

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)
10/29/2025

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

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)	10/29/2025		A		2,995		(2)	(2)	Common Stock	2,995	$0	2,995	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting.

2. The restricted stock units vest in three annual installments beginning October 29, 2026.

Remarks:

	/s/ Ashley Dagley, Attorney-in-Fact for Kellie L. Fischer	10/30/2025
	** 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 did Forestar (FOR) disclose in this Form 4?

A director, Kellie L. Fischer, acquired 2,995 RSUs on October 29, 2025.

How many RSUs were reported for FOR in this filing?

The filing reports 2,995 restricted stock units.

What is the vesting schedule for the FOR RSUs?

The RSUs vest in three annual installments beginning October 29, 2026.

What does each RSU represent for FOR?

Each RSU represents a contingent right to receive one share of FOR common stock upon vesting.

What is the ownership form after the transaction?

After the transaction, 2,995 derivative securities were beneficially owned directly.

Was a Rule 10b5-1(c) trading plan indicated?

The form includes a checkbox reference to Rule 10b5-1(c), but the excerpt does not indicate it was checked.