FULLER SAMUEL R 4

What Happened

• Samuel R. Fuller, a director of Forestar Group Inc. (FOR), had 1,096 restricted stock units (RSUs) convert to 1,096 shares on March 21, 2026 (transaction code M). The filing shows an acquisition of 1,096 shares at $0.00 and a matching disposition of 1,096 shares at $0.00, resulting in no cash proceeds and no net share increase reported. This appears to be a routine vesting/conversion event with shares withheld or surrendered rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-21; Form 4 filed: 2026-03-24 (filed within the typical two-business-day window).
• Price per share: $0.00; total reported value: $0.
• Reported activity: 1,096 shares acquired (conversion of derivative) and 1,096 shares disposed (derivative), same quantity.
• Shares owned after the transaction: not specified in the filing.
• Footnotes:
  • F1: Each restricted stock unit represents a contingent right to receive one share of FOR common stock upon vesting.
  • F2: On March 21, 2023, the reporting person was granted 3,286 RSUs vesting in three annual installments beginning March 21, 2024 (the 1,096 here corresponds to the 2026 installment).
• Likely interpretation: equal acquire/dispose is consistent with shares being withheld or surrendered to satisfy tax withholding/obligations on vesting (no proceeds reported), though the filing does not use a specific tax-withholding code.

Context

• This was a conversion/vesting of RSUs, not an open-market buy or an active sale for investment reasons. Such net-share settlements to cover taxes are routine for equity compensation and do not necessarily signal the director’s view of the company’s stock.