Director at Forestar Group (NYSE: FOR) gains 402 common shares

Rhea-AI Filing Summary

Forestar Group Inc. director Samuel R. Fuller exercised 402 restricted stock units into 402 shares of common stock. The conversion occurred at a stated price of $0.00 per share and increased his direct common stock holdings to 31,607 shares.

Each restricted stock unit represents a contingent right to receive one share of Forestar common stock upon vesting. Fuller was granted 1,207 restricted stock units on March 28, 2024, scheduled to vest in three annual installments beginning March 28, 2025.

Insider Trade Summary

402 shares exercised/converted

Mixed 2 txns

Insider FULLER SAMUEL R

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	402	$0.00	--
Exercise	Common Stock	402	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 403 shares (Direct); Common Stock — 31,607 shares (Direct)

Footnotes (1)

1. Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting. On March 28, 2024, the reporting person was granted 1,207 restricted stock units, vesting in three annual installments beginning March 28, 2025.

Key Figures

RSUs Exercised: 402 units Shares Received: 402 shares Post-transaction Holdings: 31,607 shares +2 more

5 metrics

RSUs Exercised 402 units Restricted stock units converted to common stock on March 28, 2026

Shares Received 402 shares Common stock received from RSU exercise on March 28, 2026

Post-transaction Holdings 31,607 shares Director’s direct common stock holdings after the transaction

RSU Grant Size 1,207 units Restricted stock units granted on March 28, 2024

Vesting Schedule 3 installments RSU grant vests in three annual installments beginning March 28, 2025

Key Terms

Restricted Stock Unit, derivative security, Common Stock

3 terms

Restricted Stock Unit financial

"Each restricted stock unit represents a contingent right to receive one share of FOR common stock"

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.

Common Stock financial

"underlying_security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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^*

FULLER SAMUEL R

(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)
03/28/2026

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		402	A	$0(1)	31,607	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)	03/28/2026		M			402	(2)	(2)	Common Stock	402	$0	403	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 28, 2024, the reporting person was granted 1,207 restricted stock units, vesting in three annual installments beginning March 28, 2025.

Remarks:

	/s/ James D. Allen, Attorney-in-fact for Samuel R. Fuller	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 Forestar Group (FOR) report for Samuel R. Fuller?

Forestar Group reported that director Samuel R. Fuller exercised 402 restricted stock units into 402 shares of common stock. The transaction, coded as a derivative exercise, occurred at a stated price of $0.00 per share and reflects compensation-related equity vesting rather than an open-market trade.

How many Forestar Group (FOR) shares does Samuel R. Fuller hold after this Form 4?

After the reported transactions, Samuel R. Fuller directly holds 31,607 shares of Forestar Group common stock. This figure reflects the addition of 402 shares received from the exercise of restricted stock units, as disclosed in the Form 4 filing’s post-transaction ownership column.

What are the terms of Samuel R. Fuller’s restricted stock unit grant at Forestar (FOR)?

Fuller received a grant of 1,207 restricted stock units on March 28, 2024. According to the disclosure, these units vest in three equal annual installments beginning March 28, 2025, with each vested unit giving the right to receive one share of Forestar common stock.

Does the Form 4 for Forestar Group (FOR) show any stock sales by Samuel R. Fuller?

The Form 4 does not report any open-market stock sales by Samuel R. Fuller. Instead, it records a derivative exercise, where 402 restricted stock units converted into 402 shares of common stock, a routine compensation-related equity vesting event with no sale transaction disclosed.

How is a restricted stock unit defined in the Forestar Group (FOR) filing?

The filing explains that each restricted stock unit represents a contingent right to receive one share of Forestar common stock upon vesting. This means the holder receives actual shares only when vesting conditions, such as time-based service requirements, are satisfied under the grant terms.