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Dream Finders Homes, Inc.·4

Mar 9, 6:47 PM ET

Zalupski Patrick O. 4

Research Summary

AI-generated summary

Updated

Dream Finders Homes (DFH) 10% Owner Patrick Zalupski Receives Award, Withholds Shares

What Happened

  • Patrick O. Zalupski, a 10% owner of Dream Finders Homes (DFH), received a grant of 287,119 restricted shares on March 6, 2026 (reported 3/9/2026). To satisfy tax withholding related to vesting, the company withheld a total of 91,772 shares across transactions on March 5–8, 2026, with reported values of $448,500 (26,000 @ $17.25 on 3/5), $285,754 (17,424 @ $16.40 on 3/6), and $759,547 (48,348 @ $15.71 on 3/8) — about $1.49M total. The 287,119 grant was reported at $0 purchase price (restricted stock award).

Key Details

  • Transaction dates/prices:
    • 2026-03-05: 26,000 shares withheld @ $17.25 = $448,500 (tax withholding)
    • 2026-03-06: 287,119 shares awarded @ $0 (restricted stock grant)
    • 2026-03-06: 17,424 shares withheld @ $16.40 = $285,754 (tax withholding)
    • 2026-03-08: 48,348 shares withheld @ $15.71 = $759,547 (tax withholding)
  • Total withheld/disposed: 91,772 shares; total value reported ≈ $1,493,801.
  • Vesting: The restricted stock vests in three equal annual installments beginning March 6, 2027 (footnote).
  • Ownership/holdings noted in footnotes: includes 11,941 shares in a 401(k), shares held by POZ Holdings, a trust for his children, and Class B shares convertible into Class A common stock.
  • Hedging/pledge: Mr. Zalupski previously pledged an aggregate of 3,000,000 Class B shares under prepaid variable forward contracts; he retained voting and dividend rights but may have to deliver shares or cash on future settlement dates per contract terms.
  • Shares owned after transaction: not specified in the provided excerpt of the filing.
  • Filing: Report filed 2026-03-09 reporting transactions from 2026-03-05 to 2026-03-08; no late-filing flag indicated in the excerpt.

Context

  • These entries reflect a restricted stock award (A) and related tax-withholding disposals (F). Withholding by the company on vesting is routine (shares are often retained to satisfy tax obligations) and is different from an open-market sale signaling sentiment.
  • As a 10% owner (not just an employee), Mr. Zalupski’s transactions may be part of compensation, vesting mechanics, and previously disclosed hedging arrangements rather than an immediate buy/sell sentiment indicator.