Forestar Group Inc. — Director's Dealing 2021

May 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Forestar Group Inc. (FOR)
CIK: 0001406587
Period of Report: 2021-05-06

Reporting Person: TOMNITZ DONALD J (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-06	Common Stock	M	9266	—	Acquired	47867	Direct
2021-05-06	Common Stock	F	2039	$25.08	Disposed	45828	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-06	Restricted Stock Unit	$	M	9266	Disposed		Common Stock (9266)	Direct

Footnotes

F1: Each restricted stock unit converts into one share of FOR common stock upon vesting.

F2: These shares are surrendered to issuer to cover withholding tax obligations of the shares vested on May 6, 2021.

F3: On May 6, 2019, the reporting person was granted 27,800 restricted stock units, vesting in three annual installments beginning May 6, 2020.