DONALD R. HORTON - 11 May 2021 Form 4 Insider Report for HORTON D R INC /DE/ (DHI)

Signature
/s/ Donald R. Horton
Issuer symbol
DHI
Transactions as of
11 May 2021
Transactions value $
$0
Form type
4
Filing time
13 May 2021, 17:49:05 UTC
Next filing
27 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DHI Common Stock Other +4.47M 4.47M 11 May 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 10, 2021, the Horton Family Limited Partnership (HFLP) transferred an aggregate of 4,467,616 shares of D.R. Horton, Inc. common stock (the DHI Shares) in equal amounts to four irrevocable trusts (the Trusts) established for the benefit of each of the four grandchildren of Donald R. Horton and his wife, Martha Elizabeth Horton, and then the Trusts delivered the DHI Shares to Donald R. Horton and Martha Elizabeth Horton as partial repayment of previously contracted debt in the form of a promissory note issued to Mr. and Mrs. Horton in connection with the sale on October 30, 2020 of limited partner interests in the HFLP to each of the four irrevocable trusts in connection with estate and tax planning transactions for the Horton family.