Forestar Group Inc. — Director's Dealing 2025

Mar 31, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Forestar Group Inc. (FOR)
CIK: 0001406587
Period of Report: 2025-03-28

Reporting Person: Allen James Douglas (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-28	Common Stock	M	1991	—	Acquired	45774	Direct
2025-03-28	Common Stock	F	439	$21.07	Disposed	45335	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-28	Restricted Stock Unit	$	M	1991	Disposed		Common Stock (1991)	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 March 28, 2025.

F3: On March 28, 2024, the reporting person was granted 9,953 restricted stock units, vesting in five annual installments beginning March 28, 2025.