Donald J. Tomnitz - 06 May 2021 Form 4 Insider Report for Forestar Group Inc. (FOR)

Role: Executive Chairman, Director
Signature: /s/ Donald J. Tomnitz
Issuer symbol: FOR
Transactions as of: 06 May 2021
Net transactions value: -$51,138
Form type: 4
Filing time: 07 May 2021, 16:43:57 UTC
Next filing: 03 Dec 2021
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	+9,266	+24%	$0.000000	47,867	06 May 2021	Direct	F1
transaction	FOR	Common Stock	Tax liability	$51,138	-2,039	-4.3%	$25.08	45,828	06 May 2021	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	-9,266	-52%	$0.000000	8,429	06 May 2021	Common Stock	9,266		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 converts into 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 May 6, 2021.
F3	On May 6, 2019, the reporting person was granted 27,800 restricted stock units, vesting in three annual installments beginning May 6, 2020.