ANDERSON BRADLEY S 4

What Happened
Bradley S. Anderson, a director of Horton D.R. Inc. (DHI), had 93 restricted stock units (RSUs) convert into 93 shares on March 21, 2026 (reported on Form 4). The filing shows an acquisition of 93 shares via derivative conversion (code M) with no price listed, and a corresponding disposition of 93 shares at $0.00 (derivative). Footnote information confirms each RSU converts into one share.

Key Details

• Transaction date: March 21, 2026; Form 4 filed March 24, 2026.
• Acquired: 93 shares via conversion of RSUs (derivative; code M); price N/A.
• Disposed: 93 shares at $0.00 (derivative).
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes:
  • F1: Each restricted stock unit converts into one share of DHI common stock.
  • F2: The RSUs were originally granted on March 21, 2024 (465 RSUs total, vesting in five annual installments beginning March 21, 2025), so 93 shares represent one annual vesting tranche.
• The filing does not state additional plans (e.g., 10b5-1) or explicit tax-withholding details on the form.

Context
This transaction reflects RSU vesting/conversion rather than an open-market purchase or proactive sale. The matched acquisition and $0 disposition is commonly how companies record shares that convert and then are withheld to satisfy tax withholding or similar obligations; the filing itself does not explicitly detail withholding. Such conversion/withholding events are routine and do not necessarily indicate a change in insider sentiment about the company's stock.