Mark Stephen Walker - 31 Mar 2024 Form 4 Insider Report for Forestar Group Inc. (FOR)

Role: Chief Operating Officer
Signature: /s/ Ashley Dagley, Attorney-in-fact for Mark Stephen Walker
Issuer symbol: FOR
Transactions as of: 31 Mar 2024
Net transactions value: -$50,760
Form type: 4
Filing time: 01 Apr 2024, 16:24:55 UTC
Previous filing: 01 Apr 2024
Next filing: 07 May 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FOR	Common Stock	Options Exercise	$0	+2,815	+27%	$0.000000	13,430	31 Mar 2024	Direct	F1
transaction	FOR	Common Stock	Tax liability	$50,760	-1,263	-9.4%	$40.19	12,167	31 Mar 2024	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FOR	Restricted Stock Unit	Options Exercise	$0	-2,815	-25%	$0.000000	8,446	31 Mar 2024	Common Stock	2,815		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 31, 2024.
F3	On March 31, 2022, the reporting person was granted 14,077 restricted stock units, vesting in five annual installments beginning March 31, 2023.