Miller Maribess L 4

What Happened
Maribess L. Miller, a director of Horton D.R. (DHI), had 203 restricted stock units (RSUs) convert into 203 shares on March 17, 2026. The next day (March 18, 2026) the filing shows 203 shares were disposed with a reported price of $0.00, so no cash proceeds are reported from that disposition. The underlying RSUs were part of a 2021 grant that vests in five annual installments.

Key Details

• Transaction types: conversion of RSUs (derivative exercise/conversion) on 2026-03-17 (203 shares acquired) and a 203-share disposition on 2026-03-18 (price $0.00).
• Report filed: Form 4 filed 2026-03-18 for transactions dated 2026-03-17 — within the usual 2-business-day reporting window (timely).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1—each restricted stock unit converts into one share of DHI common stock. F2—the reporting person was granted 1,015 RSUs on March 17, 2021, vesting in five annual installments beginning March 17, 2022 (203 RSUs per installment).
• No cash value realized is reported for the disposition (reported price $0.00).

Context
This sequence (RSUs vesting/convert to shares, followed by a $0 disposal) is commonly handled to satisfy tax withholding obligations or similar administrative settlements; the $0 reported proceeds are consistent with shares being surrendered rather than a market sale. Such conversions and withholding-related disposals are routine and generally not a direct signal about the insider’s view of the company.