DHI (DHI) director exercises 224 restricted stock units into common shares

Rhea-AI Filing Summary

Director Bradley S. Anderson of Horton D.R. Inc. (DHI) exercised restricted stock units that converted into 224 shares of common stock on March 30, 2026. After this derivative exercise, he directly owns 36,636 shares of DHI common stock.

Insider Trade Summary

224 shares exercised/converted

Mixed 2 txns

Insider ANDERSON BRADLEY S

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	224	$0.00	--
Exercise	Common Stock	224	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 224 shares (Direct); Common Stock — 36,636 shares (Direct)

Footnotes (1)

1. Each restricted stock unit converts into one share of DHI common stock. On March 30, 2022, the reporting person was granted 1,120 restricted stock units, vesting in five annual installments beginning March 30, 2023.

Key Figures

RSUs exercised: 224 units Common shares received: 224 shares Shares owned after transaction: 36,636 shares +2 more

5 metrics

RSUs exercised 224 units Restricted Stock Units converted to common stock on March 30, 2026

Common shares received 224 shares One-for-one conversion from restricted stock units

Shares owned after transaction 36,636 shares Direct ownership following the derivative exercise

Exercise price per RSU $0.00 per unit Reported transaction price for derivative exercise

Original RSU grant 1,120 units Granted March 30, 2022, vesting in five annual installments

Key Terms

Restricted Stock Unit, derivative security, Exercise or conversion of derivative security, vests in five annual installments

4 terms

Restricted Stock Unit financial

"security_title: "Restricted Stock Unit""

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.

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

vests in five annual installments financial

"vesting in five annual installments beginning March 30, 2023"

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^*

ANDERSON BRADLEY S

(Last) (First) (Middle)

1341 HORTON CIRCLE

(Street)

ARLINGTON TEXAS 76011

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
HORTON D R INC /DE/ [ DHI ]

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)
03/30/2026

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	03/30/2026		M		224	A	(1)	36,636	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)	03/30/2026		M			224	(2)	(2)	Common Stock	224	$0	224	D

Explanation of Responses:

1. Each restricted stock unit converts into one share of DHI common stock.

2. On March 30, 2022, the reporting person was granted 1,120 restricted stock units, vesting in five annual installments beginning March 30, 2023.

	/s/ Thomas B. Montano, Attorney-in-Fact	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 insider transaction did DHI director Bradley S. Anderson report on this Form 4?

Bradley S. Anderson reported exercising restricted stock units that converted into 224 shares of DHI common stock. This was recorded as a derivative exercise, not an open-market purchase or sale, and increased his directly held common stock position.

How many DHI shares does Bradley S. Anderson hold after the reported transaction?

After the reported transaction, Bradley S. Anderson directly holds 36,636 shares of DHI common stock. This figure reflects his updated ownership following the conversion of 224 restricted stock units into an equal number of common shares.

Was the DHI Form 4 transaction a buy or sell in the open market?

The Form 4 for DHI shows no open-market buy or sell. Instead, it records the exercise or conversion of a derivative security, where restricted stock units converted into common stock at a stated price of $0.00 per unit.

How many restricted stock units did DHI director Anderson exercise in this filing?

In this filing, Anderson exercised 224 restricted stock units, which converted on a one-for-one basis into 224 shares of DHI common stock. The transaction is coded as an exercise or conversion of a derivative security.

What do the footnotes in the DHI Form 4 say about the restricted stock units?

The footnotes state that each restricted stock unit converts into one share of DHI common stock. They also note that 1,120 restricted stock units were granted on March 30, 2022, vesting in five annual installments beginning March 30, 2023.

Does the DHI Form 4 show any remaining derivative securities after the exercise?

The filing’s derivative summary is empty after this exercise, indicating no remaining derivative securities are listed in this specific report. The visible change is the addition of 224 common shares to Anderson’s directly held DHI stock position.