ANDERSON BRADLEY S 4

What Happened

• Bradley S. Anderson, a director of Horton D R Inc. (DHI), reported that 139 restricted stock units (RSUs) converted into 139 shares on April 20, 2026. The filing also shows a concurrent disposition of 139 shares at $0.00.
• No cash proceeds are reported for the disposition. The acquisition and the zero-dollar disposal together indicate the RSU vesting and an immediate share surrender (commonly done for tax withholding), not a market sale.

Key Details

• Transaction date: April 20, 2026. Form filed April 22, 2026 (timely within the two-business-day window).
• Reported transactions: conversion/exercise of derivative (code M) — 139 shares acquired; simultaneous disposal — 139 shares at $0.00.
• Footnotes: F1 — each RSU converts to one share. F2 — the 695 RSUs were granted on April 20, 2023 and vest in five annual installments beginning April 20, 2024 (695 / 5 = 139 shares per installment).
• Shares owned after the transaction: not specified in the filing.
• No cash sale reported; the zero-dollar disposal is consistent with shares being withheld to satisfy tax obligations (filing does not explicitly state withholding).

Context

• This appears to be routine RSU vesting and settlement rather than an open-market purchase or sale. When vested RSUs are partially or fully withheld to cover taxes, filings often show conversion plus a zero-dollar disposition for the withheld shares.
• Such transactions are common and do not necessarily indicate a change in the insider’s view of the company.