James Douglas Allen - 01 Dec 2025 Form 4 Insider Report for Forestar Group Inc. (FOR)

Role: Chief Financial Officer
Signature: /s/ Ashley Dagley, Attorney-in-fact for James Douglas Allen
Issuer symbol: FOR
Transactions as of: 01 Dec 2025
Net transactions value: -$10,228
Form type: 4
Filing time: 03 Dec 2025, 16:01:18 UTC
Previous filing: 24 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Allen James Douglas	Chief Financial Officer	2221 E. LAMAR BLVD., SUITE 790, ARLINGTON	/s/ Ashley Dagley, Attorney-in-fact for James Douglas Allen	03 Dec 2025	0001668948

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FOR	Common Stock	Options Exercise	$0	+400	+1.3%	$0.000000	31,886	01 Dec 2025	Direct	F1
transaction	FOR	Common Stock	Tax liability	$10,228	-400	-1.3%	$25.57	31,486	01 Dec 2025	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	-400	-3%	$0.000000	12,845	01 Dec 2025	Common Stock	400		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 13,245 restricted stock units awarded October 29, 2025.
F3	Represents common stock acquired by the vesting of a portion of the 13,245 restricted stock units awarded October 29, 2025, to cover withholding tax obligations.
F4	On October 29, 2025, the reporting person was granted 13,245 restricted stock units.