Walker Mark Stephen 4

What Happened

• Mark Stephen Walker, Chief Operating Officer of Forestar Group Inc. (FOR), had 2,815 restricted stock units (RSUs) convert into 2,815 common shares on March 31, 2026. The RSU conversion has a $0 exercise price. To satisfy tax withholding, 1,254 of those shares were surrendered at $24.44 per share, producing $30,648 in withholding. Net shares retained from this vesting: 1,561 shares.
• This was an award/vesting event (not a market purchase or voluntary sale). The withholding of shares to cover taxes is a routine settlement method.

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 2, 2026 (appears timely).
• Conversion/vesting: 2,815 RSUs converted to 2,815 common shares (derivative conversion; code M).
• Tax withholding: 1,254 shares surrendered at $24.44/share for $30,648 (code F).
• Net shares retained from this vesting: 1,561 shares.
• Footnotes: F1 – each RSU converts to one share on vesting; F2 – surrendered shares used to cover withholding taxes; F3 – these RSUs were part of a 14,077‑unit grant on March 31, 2022 that vests in five annual installments beginning March 31, 2023 (this represents one installment).
• No evidence in the filing of an open‑market sale, 10b5‑1 plan, or late filing notation.

Context

• This was a routine RSU vest and net settlement for taxes (a form of cashless settlement), not an indication of a buy or active sale in the open market. For retail investors, vesting and withholding activity is common compensation processing and should not be read alone as a signal of insider sentiment.