Murray Michael J 4

What Happened Michael J. Murray, EVP and COO of D.R. Horton (ticker: DHI), reported a sale of 120 shares of DHI common stock on May 3, 2024. The shares were disposed at $148.97 per share for a total of about $17,876. The Form 4 lists the transaction as an open-market or private sale (code S).

Key Details

• Transaction date and price: May 3, 2024 — 120 shares at $148.97 each (≈ $17,876 total).
• Footnote: The sale was executed inadvertently by the reporting person's Individual Retirement Account without his knowledge.
• Holdings after transaction (per filing): directly owns 122,495 shares; indirectly beneficially owns 249,825 shares; indirectly holds 32,340 shares.
• Filing date: Form 4 was filed Feb 17, 2026 — significantly after the May 2024 transaction (appears late).

Context

• This is a small, de minimis sale (120 shares) and—per the filer—was inadvertent in an IRA account, which reduces its inference about the insider’s view of the company.
• Sales are common and not as informative as purchases; the late filing means the market did not have timely disclosure of this trade.