Devendorf Russell 4

What Happened
Russell Devendorf, Executive Vice President & Chief Financial Officer of Smith Douglas Homes (SDHC), had 3,182 shares withheld to satisfy withholding taxes related to the vesting of restricted stock units. The withholding was recorded as a disposition at $11.34 per share, totaling $36,084. This was a tax-withholding transaction tied to RSU vesting, not an open-market sale.

Key Details

• Transaction date: 2026-03-20; Filing date (Form 4): 2026-03-30 (appears later than the 2-business-day Form 4 deadline).
• Price and amount withheld: 3,182 shares at $11.34 each = $36,084.
• Post-transaction holdings: Not specified in the provided excerpt of the filing.
• Footnote: Shares were withheld to pay withholding taxes on a portion of RSUs granted to Devendorf on March 20, 2025 (footnote F1).
• Transaction code: F (payment of exercise price or tax liability / tax withholding).

Context
Withholding shares to cover taxes upon RSU vesting is a routine administrative step and does not indicate an open-market sale or a directional trade by the insider. Such dispositions reduce the insider’s outstanding shares tied to the award but are primarily tax-related, not a signal of confidence or concern about the company’s prospects.