shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Executive Chairman — Donald J. Tomnitz: The Executive Chairman is retiring with a named successor (the CEO) and a transition advisor agreement, indicating an orderly succession rather than a sudden loss of leadership.

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Director — Anthony W. Oxley: Anthony W. Oxley, the Company’s President and Chief Executive Officer, was appointed to serve as a director on the Board.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information included in

Regulation FD Disclosure. Following the expiration of the Company’s previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 3.850% Senior Notes due 2026 (the “2026 Notes”) and the related notice of guaranteed delivery date, $329,434,000 aggregate principal amount of the 2026 Notes (82.36%) was validly tendered and not validly withdrawn in the Tender Offer. The Company accepted for payment all such 2026 Notes validly tendered and not validly withd…

Entry into a Material Definitive Agreement. On March 14, 2025, Forestar Group Inc. (the “Company”) completed an offering (the “Offering”) of $500 million in aggregate principal amount of its 6.500% Senior Notes due 2033 (the “Notes”) in a private placement conducted pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the “Securities Act”). The Notes have not been and will not be registered under the Securities Act and may not be offered or sold except pursuant…

Other Events. On March 5, 2025, Forestar Group Inc. (“Forestar”) issued a press release announcing that it proposed to sell $500 million aggregate principal amount of senior notes due 2033. On March 5, 2025, Forestar also issued a press release announcing that it has priced an offering of $500 million aggregate principal amount of 6.500% Senior Notes due 2033. The offering of senior notes is being made pursuant to an exemption from registration under the Securities Act of 1933, as amended, to…

Other Events. On March 5, 2025, Forestar Group Inc. (the “Company”) issued a press release (the “Press Release”) announcing the commencement of a cash tender offer (the “Tender Offer”) to purchase for cash any and all of the Company’s 3.850% senior notes due 2026 (the “Notes”), of which $400 million is currently outstanding. The Tender Offer is being made upon the terms and subject to the conditions set forth in the Company’s offer to purchase, dated as of March 5, 2025. A copy of the Press R…

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. All the information set forth above under

Entry into a Material Definitive Agreement. Effective December 18, 2024, Forestar Group Inc. (the “ Borrower ”) , JPMorgan Chase Bank, N.A., as administrative agent (“ JPMorgan ” or “ Administrative Agent ”) and certain Lenders entered into Amendment No. 4 (“ Amendment No. 4 ”) to the Credit Agreement dated as of August 16, 2018 as amended prior to the date hereof (as so amended, the “ Credit Agreement ”). Pursuant to the terms of Amendment No. 4, the Administrative Agent and the Lenders part…

Entry into a Material Definitive Agreement. On November 19, 2024, Forestar Group Inc. (“Forestar”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Mizuho Securities USA LLC, Wells Fargo Securities, LLC, TD Securities (USA) LLC, Fifth Third Securities, Inc., BofA Securities, Inc., BTIG, LLC, Nomura Securities International, Inc., and Citizens JMP Securities, LLC (each, a “Sales Agent” and collec…

The filing details changes to the executive compensation program, including new incentive plans and performance metrics.

Entry into a Material Definitive Agreement. On October 28, 2024, Forestar Group Inc. (the “Company”) and D.R. Horton, Inc. (“D.R. Horton”) entered into an Amended and Restated Stockholder’s Agreement, dated as of October 28, 2024 (the “A&R Stockholder’s Agreement”), which amends and restates the Stockholder’s Agreement, dated as of June 29, 2017, between the Company and D.R. Horton (the “Original Stockholder’s Agreement”). The Original Stockholder’s Agreement provided that (i) the Investment…

Director — G.F. (Rick) Ringler, III: Mr. Ringler resigned from the Board of Directors and his resignation does not relate to any disagreement with the Company.

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.