Faucett Neill B 4

What Happened

• Neill B. Faucett, a director of Smith Douglas Homes Corp. (SDHC), received an award of 10,008 restricted stock units (RSUs) reported on a Form 4 dated 2026-06-04 (filed 2026-06-08). The Form 4 shows an acquisition at $0.00 per unit (total $0 reported), reflecting a grant of contingent rights rather than an open-market purchase.
• Each RSU represents a contingent right to receive one share of the issuer’s Class A common stock upon vesting. This grant does not involve an immediate cash outlay or transfer of shares until vesting and settlement occur.

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (timely within required reporting window).
• Award: 10,008 RSUs; reported price per unit: $0.00 (award/grant, transaction code A).
• Vesting: RSUs vest in full on the earlier of (x) June 4, 2027 or (y) the date of the issuer’s 2027 Annual Meeting, subject to continued service (per footnote F1).
• Shares owned after the transaction: not specified in the filing.
• No sale or purchase of existing shares — this is a compensation award to a director, not a market trade.

Context

• RSUs are contingent rights that convert into actual shares only upon vesting and settlement; until then they are not tradable shares. Such awards are a common form of director compensation and do not necessarily signal the insider’s immediate market view.
• Because the filing was timely, there is no late-reporting flag in this case.