ANDERSON BRADLEY S 4

What Happened

• Bradley S. Anderson, a director of Horton D R Inc. (DHI), had restricted stock units convert into common shares on March 30, 2026. The filing shows 224 shares were acquired through conversion of a derivative (RSU vesting) and 224 shares were disposed at $0 (reported as a derivative disposition), consistent with shares being withheld to satisfy tax obligations. No cash proceeds are reported.

Key Details

• Transaction date(s): March 30, 2026; Form 4 filed March 31, 2026 (timely filing).
• Acquired: 224 shares via conversion of RSUs (price not applicable).
• Disposed: 224 shares at $0 (reported as derivative disposition; consistent with tax withholding).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each restricted stock unit converts into one share of DHI common stock. F2 — these RSUs were part of a 1,120-RSU grant made March 30, 2022, vesting in five annual installments beginning March 30, 2023.
• Filing timeliness: Reported the next day; appears timely (Form 4 is generally due within 2 business days).

Context

• This was not an open-market buy or sale indicating a directional bet; it reflects routine RSU vesting and share withholding to cover taxes. Code M indicates exercise/conversion of a derivative (here, RSUs converting into shares). The net effect reported is that the vested shares were issued but an equal number were withheld, resulting in no net new shares delivered to the insider according to this filing.