Bennett Gregory S 4
4 · Smith Douglas Homes Corp. · Filed Jan 18, 2024
Insider Transaction Report
Form 4
Bennett Gregory S
DirectorSee Remarks
Transactions
- Other
Class B Common Stock
2024-01-16−243,589→ 4,243,590 total(indirect: By LLC) - Award
LLC Interests
2024-01-10+4,487,179→ 4,487,179 total(indirect: By LLC)→ Class A Common Stock (4,487,179 underlying) - Conversion
LLC Interests
2024-01-16−243,589→ 4,243,590 total(indirect: By LLC)→ Class A Common Stock (243,589 underlying) - Award
Class B Common Stock
2024-01-10+4,487,179→ 4,487,179 total(indirect: By LLC) - Conversion
Class A Common Stock
2024-01-16+243,589→ 243,589 total(indirect: By LLC) - Disposition to Issuer
Class A Common Stock
2024-01-16$21.00/sh−243,589$5,115,369→ 0 total(indirect: By LLC)
Footnotes (4)
- [F1]Represents securities received as part of the Issuer's reorganization in connection with its initial public offering, as described in the registration statement on Form S-1 relating to the initial public offering. These securities were previously reported on a Form 3 filed by the Reporting Persons.
- [F2]Mr. Bennett is the sole member and manager of GSB Holdings LLC ("GSB Holdings"), and as a result, may be deemed to share beneficial ownership of the securities held by GSB Holdings.
- [F3]The membership units of Smith Douglas Holdings LLC (the "LLC Interests") may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forefeited in connection with the redemption. The LLC Interests have no expiration date.
- [F4]Reflects the cancellation for no consideration of Class B Common Stock in connection with the redemption and conversion of the LLC Interests into shares of Class A Common Stock.