Bennett Gregory S 4

What Happened

Gregory S. Bennett, President, Chief Executive Officer and Vice Chairman of Smith Douglas Homes Corp. (SDHC), had 13,231 shares withheld to satisfy withholding taxes when a portion of his restricted stock units vested. The withholding was recorded as a disposition of 13,231 shares at $11.34 per share, totaling $150,040 (transaction code F — tax withholding).

Key Details

• Transaction date: 2026-03-20; withholding: 13,231 shares at $11.34 = $150,040.
• Transaction type/code: F — shares withheld for tax withholding upon RSU vesting.
• Footnote: These shares were withheld to pay taxes on RSUs granted to Mr. Bennett on March 20, 2025 (per F1).
• Shares owned after transaction: Not reported in the provided filing.
• Filing date: 2026-03-30 — the Form 4 was filed 10 days after the transaction (a late filing relative to the usual two-business-day requirement).

Context

This was a tax-withholding disposition following RSU vesting, not an open-market sale or a purchase. Such withholdings are routine and generally reflect payroll tax obligations rather than an insider decision to trim or add to holdings; they are not a direct indicator of management sentiment. For clarity: RSUs vested, and the company withheld a portion of the vested shares to cover the tax bill.