Michael J. Murray - May 3, 2023 Form 4 Insider Report for HORTON D R INC /DE/ (DHI)

Role: EVP and COO
Signature: /s/ Michael J. Murray
Stock symbol: DHI
Transactions as of: May 3, 2023
Transactions value $: -$4,519,972
Form type: 4
Date filed: 5/5/2023, 12:21 PM
Previous filing: Apr 24, 2023
Next filing: Jul 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DHI	Common Stock	Options Exercise	$1.43M	+60K	+23.88%	$23.86^*	311K	May 3, 2023	Direct
transaction	DHI	Common Stock	Sale	-$5.95M	-54K	-17.35%	$110.21	257K	May 3, 2023	Direct	F1, F2
holding	DHI	Common Stock						30.1K	May 3, 2023	Held by Foundation controlled by Mr. Murray and members of his immediate family.	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	DHI	Stock Option (right to buy)	Options Exercise	$0	-60K	-100%	$0.00^*	0	May 3, 2023	Common Stock	60K	$23.86	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. The prices actually received ranged from $109.83 to $110.57. The reporting person has provided to the issuer and will provide any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2	Following all transactions listed on this Form 4, Mr. Murray owns directly 257,294 shares of DHI common stock and indirectly holds 30,057 shares of DHI common stock.
F3	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 March 6. March 6, 2015 reflects the one-year anniversary date from the date of the stock option grant.