Odom Aron M. 4

What Happened
Aron M. Odom, SVP, Controller and Principal Accounting Officer of Horton D.R. (DHI), had 887 restricted stock units (RSUs) convert into 887 shares on March 30, 2026. To satisfy tax withholding on the vesting, 350 of those shares were surrendered to the issuer at an effective value of $132.53 per share (total value surrendered $46,386). The remaining 537 shares were issued to Odom.

Key Details

• Transaction date: March 30, 2026. Filing date: March 31, 2026 (timely).
• Conversion: 887 RSUs converted into 887 shares (derivative conversion, code M).
• Withholding: 350 shares surrendered to issuer for tax withholding at $132.53/share for $46,386 (code F).
• Net shares issued to insider: 887 converted − 350 surrendered = 537 shares retained.
• Footnotes: F1 — each restricted stock unit converts into one share; F2 — 350 shares were surrendered to cover tax obligations on the 887 shares issued; F3 — original grant was 4,435 RSUs on March 30, 2022 vesting in five annual installments starting March 30, 2023.
• Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context
This is a routine RSU vesting with a cashless withholding (shares surrendered to cover taxes), not an open-market sale or a purchase signal. Transaction codes: M = conversion/exercise of a derivative (RSU conversion here), F = shares used to pay tax withholding. Such withholdings are administrative and do not necessarily indicate the insider’s view on the company’s stock.