Donald J. Tomnitz - 01 Dec 2023 Form 4 Insider Report for Forestar Group Inc. (FOR)

Role: Executive Chairman, Director
Signature: /s/ Ashley Dagley, Attorney-in-fact for Donald J. Tomnitz
Issuer symbol: FOR
Transactions as of: 01 Dec 2023
Net transactions value: -$47,710
Form type: 4
Filing time: 05 Dec 2023, 16:07:13 UTC
Previous filing: 03 Apr 2023
Next filing: 19 Mar 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	+1,517	+1.7%	$0.000000	88,342	01 Dec 2023	Direct	F1
transaction	FOR	Common Stock	Tax liability	$47,710	-1,517	-1.7%	$31.45	86,825	01 Dec 2023	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	-1,517	-3.7%	$0.000000	39,133	01 Dec 2023	Common Stock	1,517		Direct	F1, F3, F4

* 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 were surrendered to issuer to cover withholding tax obligations of the 40,650 restricted stock units awarded March 21, 2023.
F3	Represents common stock acquired by the vesting of a portion of the 40,650 restricted stock units awarded March 21, 2023 to cover withholding tax obligations.
F4	On March 21, 2023, the reporting person was granted 40,650 restricted stock units.