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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K ( Mark One ) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended September 30 , 2021 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From Commission File Number : 001-33662 Delaware ( State or Other Jurisdiction of Incorporation or Organization ) Forestar Group Inc. ( Exact Name of Registrant as Specified in Its Charter ) Title of Each Class Common Stock , par value $ 1.00 per share To 2221 E. Lamar Blvd. , Suite 790 Arlington , Texas 76006 ( Address of Principal Executive Offices , including Zip Code ) ( 817 ) 769-1860 ( Registrant's Telephone Number , Including Area Code ) FOR 26-1336998 ( I.R.S. Employer Identification No. ) Securities registered pursuant to Section 12 ( b ) of the Act : Trading Symbol Name of Each Exchange On Which Registered New York Stock Exchange Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No p Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15 ( d ) of the Act . Yes No p Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes p No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( § 232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes p No Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Exchange Act . Large accelerated filer Accelerated filer p Non - accelerated filer o Smaller reporting company Emerging growth company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) . Yes No p The aggregate market value of the Common Stock held by non - affiliates of the registrant , based on the closing sales price of the Common Stock on the New York Stock Exchange on March 31 , 2021 , was approximately $ 410 million . For purposes of this computation , all officers , directors , and 10 % beneficial owners of the registrant ( as indicated in Item 12 ) are deemed to be affiliates . Such determination should not be deemed an admission that such directors , officers , or 10 % beneficial owners are , in fact , affiliates of the registrant . As of November 10 , 2021 , there were 49,588,389 shares of Common Stock outstanding . DOCUMENTS INCORPORATED BY REFERENCE Selected portions of the Company's definitive proxy statement for the 2022 annual meeting of stockholders are incorporated by reference into Part III of this Form 10 - K .