Devendorf Russell 4

What Happened
Russell Devendorf, Executive Vice President & Chief Financial Officer of Smith Douglas Homes (SDHC), on March 13, 2026 purchased 1,000 shares in an open-market transaction at $11.56 per share (total $11,560) and was granted 29,715 restricted stock units (RSUs) with no immediate cash cost. The cash purchase is a direct buy of shares; the RSUs are an award that will convert to shares only if/when they vest.

Key Details

• Transaction date(s): March 13, 2026. Purchase: 1,000 shares @ $11.56 ($11,560). Award: 29,715 RSUs @ $0.00.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: The RSUs represent contingent rights to one share each and vest one‑third on each of the first three anniversaries of March 13, 2026, subject to continued employment.
• Filing: Form 4 filed with the SEC on March 17, 2026; this appears to be timely (filed within two business days following the March 13 transaction).
• Insider role: Executive Vice President & Chief Financial Officer.

Context
RSUs are long‑term equity awards that do not deliver stock until vesting conditions are met; they carry no immediate purchase cost but represent future equity if the executive remains employed through vesting dates. The 1,000‑share open‑market purchase is a small, direct buy by the CFO and is generally viewed as a clearer sign of personal investment than gifts or awards, though the size here is modest.