Jamieson Lisa H. 4

What Happened
Lisa H. Jamieson, a director of Forestar Group Inc. (FOR), had a derivative conversion on March 28, 2026: 402 restricted stock units (RSUs) were converted into 402 shares (acquired at $0.00) and 402 shares were simultaneously disposed (reported at $0.00). The filing shows no cash paid for the conversion (price $0.00).

Key Details

• Transaction date: March 28, 2026; Form 4 filed March 31, 2026.
• Reported transactions: 402 shares acquired via conversion (code M) @ $0.00; 402 shares disposed (code M) @ $0.00.
• Price/value shown on form: $0.00 for both acquisition and disposition (reflects conversion of RSUs, not an open-market purchase).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 clarifies each RSU represents a contingent right to one FOR share upon vesting. F2 notes Jamieson was granted 1,207 RSUs on March 28, 2024, vesting in three annual installments beginning March 28, 2025.

Context

• This is a conversion of RSUs rather than a cash purchase or open-market sale. For RSU conversions, it is common for some or all shares to be withheld or surrendered to cover taxes; the simultaneous conversion and $0.00 disposition in this filing is consistent with that practice, though the filing itself does not explicitly state the reason.
• Such transactions are typically routine settlements of vested awards and do not by themselves indicate a change in the director’s view of the company.