Auld David V 4

What Happened

• David V. Auld, Executive Chairman and Director of Horton D.R. Inc. (DHI), had restricted stock units (RSUs) convert to common shares and received a bonus award. On April 20, 2026, 7,016 RSUs vested/converted into shares. To satisfy tax withholding, 1,618 of those shares were surrendered (disposed). On April 22, 2026, he was issued 5,110 bonus shares, of which 4,013 were surrendered for tax withholding. The surrendered shares total 5,631 and the reported cash value of the withholdings is $248,104 and $653,918 (combined ≈ $902,022).

Key Details

• Transaction dates: April 20, 2026 (RSU conversion and initial withholding) and April 22, 2026 (bonus issuance and withholding).
• Main actions/codes: M = exercise/conversion of derivative (RSU conversion); A = award/grant (bonus); F = shares surrendered/withheld to cover tax liabilities.
• Share counts and values:
  • 7,016 shares issued upon RSU vesting (April 20, 2026).
  • 1,618 shares surrendered for taxes from that vesting (cash value reported $248,104).
  • 5,110 bonus shares issued (April 22, 2026).
  • 4,013 shares surrendered for taxes from the bonus (cash value reported $653,918).
  • Total shares surrendered for taxes: 5,631; total reported value ≈ $902,022.
• Shares owned after the transactions: not disclosed in the provided filing excerpt.
• Footnotes: RSUs convert 1-for-1 into common shares; the 7,016 RSUs were from an April 20, 2023 grant of 23,698 RSUs that vest in three annual installments beginning April 20, 2024.
• Filing timeliness: Form 4 filed April 22, 2026 for transactions dated April 20–22, 2026 — within the typical 2-business-day reporting window (i.e., appears timely).

Context

• This was not an open-market sale or purchase: Auld’s transactions reflect RSU vesting and a bonus award, with shares withheld/surrendered to the issuer to meet tax withholding obligations (a routine, non-market cashless settlement). Such withholdings are common and do not by themselves indicate a buy or sell decision in the market.