Forestar Group Inc. — Director's Dealing 2023

May 8, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Forestar Group Inc. (FOR)
CIK: 0001406587
Period of Report: 2023-05-06

Reporting Person: Walker Mark Stephen (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-06	Common Stock	M	1120	—	Acquired	7174	Direct
2023-05-06	Common Stock	F	506	$19.59	Disposed	6668	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-06	Restricted Stock Unit	$	M	1120	Disposed		Common Stock (1120)	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, 2023.

F3: On May 6, 2019, the reporting person was granted 5,600 restricted stock units, vesting in five annual installments beginning May 6, 2020.