Forestar Group Inc. — Director's Dealing 2023

Feb 23, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Forestar Group Inc. (FOR)
CIK: 0001406587
Period of Report: 2023-02-21

Reporting Person: Spitzer Donald C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-21	Common Stock	M	7089	—	Acquired	22767	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-21	Restricted Stock Unit	$	M	1000	Disposed		Common Stock (1000)	Direct
2023-02-21	Restricted Stock Unit	$	M	2000	Disposed		Common Stock (2000)	Direct
2023-02-21	Restricted Stock Unit	$	M	1358	Disposed		Common Stock (1358)	Direct
2023-02-21	Restricted Stock Unit	$	M	2731	Disposed		Common Stock (2731)	Direct

Footnotes

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

F2: On March 10, 2020, the reporting person was granted 3,000 restricted stock units, vesting in three equal annual installments beginning March 10, 2021.

F3: On November 2, 2020, the reporting person was granted 6,000 restricted stock units, vesting in three equal annual installments beginning November 2, 2021.

F4: On March 18, 2021, the reporting person was granted 2,036 restricted stock units, vesting in three equal annual installments beginning March 18, 2022.

F5: On March 31, 2022, the reporting person was granted 2,731 restricted stock units, vesting in three equal annual installments beginning March 31, 2023.

F6: The vesting of Mr. Spitzer's restricted stock units accelerated per the terms of his Retricted Stock Unit Agreement.