=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-04-20
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: HORTON D R INC /DE/ (DHI)
CIK: 0000882184
--- Reporting Owner ---
Name: Murray Michael J
CIK: 0001621270
Role: Officer (EVP and COO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-04-20 | Code: M (Exercise of derivative)
Shares: +2,370
Shares Owned After: 128,505 | Ownership: D (Direct)
Footnotes:
[F1] Each restricted stock unit converts into one share of DHI common stock.
[Transaction #2]
Security: Common Stock
Date: 2026-04-20 | Code: F (Payment of exercise/tax)
Shares: -933 | Price: $153.34
Total Value: $143,066.22
Shares Owned After: 127,572 | Ownership: D (Direct)
Footnotes:
[F2] These shares were surrendered to issuer to cover tax obligations of the 2,370 shares of DHI common stock issued upon the vesting of the restricted stock units awarded April 20, 2023.
[Transaction #3]
Security: Common Stock
Date: 2026-04-22 | Code: A (Grant or award)
Shares: +6,388 | Price: $0.00
Shares Owned After: 133,960 | Ownership: D (Direct)
Footnotes:
[F3] These shares were issued pursuant to Mr. Murray's bonus earned for the six-months ended March 31, 2026.
[Transaction #4]
Security: Common Stock
Date: 2026-04-22 | Code: F (Payment of exercise/tax)
Shares: -4,992 | Price: $162.95
Total Value: $813,446.40
Shares Owned After: 128,968 | Ownership: D (Direct)
Footnotes:
[F4] These shares were surrendered to issuer to cover tax obligations of Mr. Murray's bonus referenced in note 3 above.
[F5] Following all transactions on this Form 4, Mr. Murray owns directly 128,968 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 32,340 shares of DHI common stock.
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted Stock Unit
Date: 2026-04-20 | Code: M (Exercise of derivative)
Shares: -2,370 | Price: $0.00
Shares Owned After: 4,740 | Ownership: D (Direct)
Footnotes:
[F1] Each restricted stock unit converts into one share of DHI common stock.
[F6] On April 20, 2023, the reporting person was granted 11,850 restricted stock units, vesting in five annual installments beginning April 20, 2024.
[F6] On April 20, 2023, the reporting person was granted 11,850 restricted stock units, vesting in five annual installments beginning April 20, 2024.
--- Holdings ---
[Holding #1]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F5] Following all transactions on this Form 4, Mr. Murray owns directly 128,968 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 32,340 shares of DHI common stock.
[Holding #2]
Security: Common Stock
Ownership: I (Indirect)
Footnotes:
[F5] Following all transactions on this Form 4, Mr. Murray owns directly 128,968 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 32,340 shares of DHI common stock.
--- Footnotes (Complete Index) ---
F1: Each restricted stock unit converts into one share of DHI common stock.
F2: These shares were surrendered to issuer to cover tax obligations of the 2,370 shares of DHI common stock issued upon the vesting of the restricted stock units awarded April 20, 2023.
F3: These shares were issued pursuant to Mr. Murray's bonus earned for the six-months ended March 31, 2026.
F4: These shares were surrendered to issuer to cover tax obligations of Mr. Murray's bonus referenced in note 3 above.
F5: Following all transactions on this Form 4, Mr. Murray owns directly 128,968 shares of DHI common stock, indirectly beneficially owns 249,825 shares of DHI common stock and indirectly holds 32,340 shares of DHI common stock.
F6: On April 20, 2023, the reporting person was granted 11,850 restricted stock units, vesting in five annual installments beginning April 20, 2024.
--- Signature ---
/s/ /s/ Michael J. Murray (2026-04-22)