Forestar Group Inc. — Director's Dealing 2025

Nov 24, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Forestar Group Inc. (FOR)
CIK: 0001406587
Period of Report: 2025-11-20

Reporting Person: Walker Mark Stephen (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-20	Common Stock	M	3542	—	Acquired	22862	Direct
2025-11-20	Common Stock	F	1578	$23.22	Disposed	21284	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-20	Restricted Stock Unit	$	M	5880	Disposed		Common Stock (5880)	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 November 20, 2025.

F3: On November 20, 2024, the reporting person was granted 17,710 restricted stock units, vesting in five annual installments beginning November 20, 2025.