HORTON D R INC /DE/ 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Issuer Purchases of Equity Securities We may repurchase shares of our common stock from time to time pursuant to our $5.0 billion common stock repurchase authorization, which was approved by our Board of Directors in April 2025 and replaced our prior $4.0 billion repurchase authorization. The authorization has no expiration date. During the three months ended June 30, 2025, we repurchased 9.7 million shares of our common stock at a total cost, including commissions and excise taxes, of $1.2 billion. At June 30, 2025, there was $4.0 billion remaining on the repurchase authorization. The following table sets forth additional information concerning our common stock repurchases during the quarter. Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that may yet be Purchased Under the Plans or Programs (1) (In millions) April 2025 2,458,439 $ 123.15 2,458,439 $ 4,873.5 May 2025 4,415,656 123.49 4,415,656 4,328.2 June 2025 2,840,558 125.12 2,840,558 3,972.8 Total 9,714,653 $ 123.88 9,714,653 $ 3,972.8 ____________________________ (1) Our $5.0 billion common stock repurchase authorization was in effect for much of the quarter; however, share repurchases in April 2025 included 1,449,200 shares purchased for $176.3 million under the previous authorization. The share repurchases may be effected through Rule 10b5-1 plans or open market purchases, each in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (Exchange Act). Shares repurchased in April and June 2025 included 1,449,200 shares and 1,098,823 shares, respectively, purchased pursuant to a trading plan under Rule 10b5-1 of the Exchange Act.