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Forestar Group Inc. Director's Dealing 2025

Nov 24, 2025

32005_dirs_2025-11-24_7c068950-c7c9-40f0-98ae-9f18ebdf98cc.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Allen James Douglas (Chief Financial Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-11-20 Common Stock M 2601 Acquired 32449 Direct
2025-11-20 Common Stock F 963 $23.22 Disposed 31486 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-11-20 Restricted Stock Unit $ M 2601 Disposed Common Stock (2601) Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive 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: The reported change in beneficial ownership reflects both the current transaction reported herein and a correction of an inadvertent administrative error in a prior Form 4.

F4: On November 20, 2024, the reporting person was granted 13,005 restricted stock units, vesting in five annual installments beginning November 20, 2025.