On September 26, 2022, Forestar Group Inc.'s Board of Directors appointed and promoted Mark S. Walker, age 45, to the office of Executive Vice President of the Company, effective October 1, 2022. Mr. Walker has more than 20 years of experience in residential real estate. Mr. Walker joined Forestar in 2019 as Region President of the Company's East region.

Since 2019, his responsibilities have expanded to include leading Forestar's Mid-Atlantic, North and Texas regions. Prior to joining Forestar, Mr. Walker worked for D.R. Horton from January 2012 to January 2019 as a Vice President in land acquisition and development. He graduated from the University of Georgia in 2000 with a Bachelor of Business Administration degree in General Business.

Mr. Walker is expected to be a “named executive officer” in the Company's proxy statement for the Company's fiscal year 2023 and will be a Section 16 reporting person.