Bill W. Wheat - May 10, 2021 Form 4 Insider Report for HORTON D R INC /DE/ (DHI)

Role: EVP and CFO
Signature: /s/ Bill W. Wheat
Stock symbol: DHI
Transactions as of: May 10, 2021
Transactions value $: -$1,115,362
Form type: 4
Date filed: 5/12/2021, 04:57 PM
Next filing: Oct 29, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DHI	Common Stock	Options Exercise	$299K	+30K	+23.47%	$9.97	158K	May 10, 2021	Direct
transaction	DHI	Common Stock	Tax liability	-$1.41M	-13.5K	-8.58%	$104.45	144K	May 10, 2021	Direct	F1

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	DHI	Stock Option (right to buy)	Options Exercise	$0	-30K	-100%	$0.00^*	0	May 10, 2021	Common Stock	30K	$9.97	Direct	F2

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

Explanation of Responses:

Id	Content
F1	These shares were surrendered to issuer to cover tax obligations and exercise price of the 30,000 shares of DHI common stock issued by the options exercised by Mr. Wheat on May 10, 2021 reported in Table II of this Form 4.
F2	Stock option has a 10-year term, vested as to 20% of the option grant amount on each of the first five anniversary dates of September 2. September 2, 2012 reflects the one-year anniversary date from the date of the stock option grant.