DONALD R. HORTON - 12 Mar 2023 Form 4 Insider Report for HORTON D R INC /DE/ (DHI)

Role
Chairman, Director
Signature
/s/ Donald R. Horton
Issuer symbol
DHI
Transactions as of
12 Mar 2023
Transactions value $
-$733,415
Form type
4
Filing time
14 Mar 2023, 18:34:22 UTC
Previous filing
13 Feb 2023
Next filing
21 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DHI Common Stock Options Exercise +21.1K +0.73% 2.91M 12 Mar 2023 Direct F1
transaction DHI Common Stock Tax liability -$733K -7.79K -0.27% $94.10 2.9M 12 Mar 2023 Direct F2
transaction DHI Common Stock Gift $0 -2.89M -99.54% $0.00 13.3K 13 Mar 2023 Direct F3, F4
holding DHI Common Stock 2.89M 12 Mar 2023 Held by The Horton Family Revocable Trust. F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DHI Restricted Stock Unit Options Exercise $0 -21.1K -100% $0.00* 0 12 Mar 2023 Common Stock 21.1K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit converts into one share of DHI common stock.
F2 These shares were surrendered to issuer to cover tax obligations of the 21,063 shares of DHI common stock issued upon the vesting of the restricted stock units awarded March 12, 2020.
F3 Ownership of shares converted from D.R. Horton & Martha E. Horton Community Property to The Horton Family Revocable Trust for tax and estate planning purposes. Mr. Horton disclaims beneficial ownership of the shares converted.
F4 Following all transactions listed on this Form 4, Mr. Horton owns directly 13,269 shares of DHI common stock and indirectly holds 2,888,602 shares of DHI common stock.
F5 On March 12, 2020, the reporting person was granted 71,155 restricted stock units, vesting in three annual installments beginning March 12, 2021.