Forestar Group director Fischer converts stock grants

Q: How many FOR shares did director Kellie L. Fischer acquire?

Fischer acquired 998 common shares on October 29, 2026, and 1,453 common shares on October 30, 2026, through conversions of restricted stock units.

Q: What were the vesting terms for Kellie L. Fischer's FOR restricted stock units?

A grant of 2,995 restricted stock units on October 29, 2025, vests in three annual installments beginning October 29, 2026. A grant of 4,360 restricted stock units on October 30, 2024, vests in three annual installments beginning October 30, 2025.

Both reported share conversions relate to restricted-stock-unit awards scheduled to vest in three annual installments.

Available on EDGAR 11/02/2026 - 05:13 PM EST Accepted by SEC EDGAR 11/02/2026 - 05:13 PM EST

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Rhea-AI Filing Summary

Forestar Group Inc. director Kellie L. Fischer reported conversion of 998 restricted stock units into 998 common shares on October 29, 2026, and 1,453 restricted stock units into 1,453 common shares on October 30, 2026. Each reported conversion pairs disposition of restricted stock units with acquisition of common shares. The related awards vest in three annual installments.

Insider Trade Summary

2,451 shares exercised/converted

Exercise 4 txns

Insider Fischer Kellie L

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit ^{F1, F3}	1,453	$0.00	$0.00
Exercise	Common Stock ^F1	1,453	$0.00	$0.00
Exercise	Restricted Stock Unit ^{F1, F2}	998	$0.00	$0.00
Exercise	Common Stock ^F1	998	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 3,451 contracts (Direct); Common Stock — 4,654 shares (Direct)

Footnotes (3)

F1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting.
F2. On October 29, 2025, the reporting person was granted 2,995 restricted stock units, vesting in three annual installments beginning October 29, 2026.
F3. On October 30, 2024, the reporting person was granted 4,360 restricted stock units, vesting in three annual installments beginning October 30, 2025.

Key Figures

Common shares acquired: 998 shares Common shares acquired: 1,453 shares Restricted stock units granted: 2,995 restricted stock units +2 more

5 metrics

Common shares acquired 998 shares October 29, 2026 conversion

Common shares acquired 1,453 shares October 30, 2026 conversion

Restricted stock units granted 2,995 restricted stock units Granted October 29, 2025

Restricted stock units granted 4,360 restricted stock units Granted October 30, 2024

Vesting installments 3 annual installments Terms of both referenced grants

Key Terms

restricted stock unit, vesting, contingent right

3 terms

restricted stock unit financial

"Each restricted stock unit represents a contingent right"

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.

vesting financial

"vesting in three annual installments beginning October 29, 2026"

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.

contingent right technical

"contingent right to receive one share of FOR common stock upon vesting"

FAQ

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

How many FOR shares did director Kellie L. Fischer acquire?

Fischer acquired 998 common shares on October 29, 2026, and 1,453 common shares on October 30, 2026, through conversions of restricted stock units.

What were the vesting terms for Kellie L. Fischer's FOR restricted stock units?

A grant of 2,995 restricted stock units on October 29, 2025, vests in three annual installments beginning October 29, 2026. A grant of 4,360 restricted stock units on October 30, 2024, vests in three annual installments beginning October 30, 2025.

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

Form 4 Insider Transactions: What Each Field Means →

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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

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)
10/29/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/29/2026		M		998	A	$0⁽¹⁾	3,201	D
Common Stock	10/30/2026		M		1,453	A	$0⁽¹⁾	4,654	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	10/29/2026		M			998	⁽²⁾	⁽²⁾	Common Stock	998	$0	1,997	D
Restricted Stock Unit	⁽¹⁾	10/30/2026		M			1,453	⁽³⁾	⁽³⁾	Common Stock	1,453	$0	1,454	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 October 29, 2025, the reporting person was granted 2,995 restricted stock units, vesting in three annual installments beginning October 29, 2026.

3. On October 30, 2024, the reporting person was granted 4,360 restricted stock units, vesting in three annual installments beginning October 30, 2025.

Remarks:

	/s/ James D. Allen, Attorney-in-Fact for Kellie L. Fischer	11/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR