ANDERSON BRADLEY S 4

What Happened Bradley S. Anderson, a director of Horton D R Inc. (ticker: DHI), had 203 restricted stock units (RSUs) vest and convert into 203 shares on March 17, 2026. The Form 4 shows the 203 shares were acquired via conversion (derivative exercise) and immediately disposed at $0.00, indicating the shares were withheld to satisfy tax withholding—no cash sale or market proceeds were reported.

Key Details

• Transaction date: March 17, 2026 (Form 4 filed March 18, 2026 — timely).
• Conversion: 203 RSUs converted into 203 shares (reported as derivative exercise, code M).
• Disposition: 203 shares reported disposed at $0.00 (likely tax withholding; no cash received).
• Shares owned after transaction: not disclosed in the provided filing details.
• Footnotes: F1 — each RSU converts into one share; F2 — these were from a 3/17/2021 grant of 1,015 RSUs vesting in five annual installments (1,015 / 5 = 203 shares per installment).
• Filing timeliness: filed the next day (appears timely).

Context This was a routine RSU vesting event with shares withheld for taxes, not an open-market sale or purchase. Such withholding is common and generally reflects tax obligations rather than insider sentiment; it does not represent a market-directed sale or buy. The transaction code M indicates conversion/exercise of a derivative (RSU conversion), and the $0.00 disposition is consistent with shares retained/forfeited to cover withholding.