[144] TopBuild Corp. SEC Filing

Rhea-AI Filing Summary

TopBuild Corp. (BLD) Form 144 notice reports a proposed sale of 1,350 common shares through Fidelity Brokerage Services with an aggregate market value of $590,590.12 and an approximate sale date of 08/22/2025. The filing lists 28,138,831 shares outstanding for the issuer. The shares to be sold were acquired on 02/22/2024 by restricted stock vesting from the issuer and were paid as compensation.

The filing also discloses recent sales by the same person: 1,913 shares sold on 08/07/2025 for $801,102.80 and 2,000 shares sold on 08/08/2025 for $832,200.00. The notice includes the required representation that the seller does not possess undisclosed material adverse information about the issuer.

Positive

• Regulatory compliance: Insider sales were disclosed under Rule 144, providing transparency to the market
• Clear acquisition history: Securities were acquired via restricted stock vesting and labeled as compensation, clarifying origin of shares

Negative

• Insider sales reported: The filer sold a total of 3,913 shares in early August 2025 and proposes to sell an additional 1,350 shares, representing insider liquidity
• Potential dilution context absent: The filing does not provide context on any recent issuance programs or plan limits that might explain ongoing insider sales

Insights

Securities Analyst

TL;DR: Insiders disclosed routine sales under Rule 144; sizes are small relative to shares outstanding and likely procedural.

The filing documents a proposed sale of 1,350 shares valued at $590,590.12 and two recent sales totaling 3,913 shares and $1,633,302.80 in gross proceeds. The securities were acquired via restricted stock vesting on 02/22/2024 and were compensation-related, which is typical for executive or employee equity realizations. The disclosure complies with Rule 144 reporting requirements and provides transparency on insider liquidity events without indicating new issuer-specific material developments.

Corporate Governance Expert

TL;DR: Proper insider reporting observed; transactions appear as compensation-related dispositions rather than extraordinary governance events.

The notice shows the seller signing the required attestation regarding absence of undisclosed material adverse information and identifies the acquisition as restricted stock vesting. From a governance perspective, the filing reflects adherence to regulatory disclosure obligations. No information in the filing points to changes in board composition, executive departures, or other governance actions.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	1350	590590.12	28138831	08/22/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	02/22/2024	Restricted Stock Vesting	Issuer			1350	02/22/2024	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Robert Kuhns 475 North Williamson Boulevard Daytona Beach FL 32114	Common	08/07/2025	1913	801102.80
Robert Kuhns 475 North Williamson Boulevard Daytona Beach FL 32114	Common	08/08/2025	2000	832200.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does TopBuild Corp. (BLD) Form 144 disclose about the proposed sale?

The Form 144 reports a proposed sale of 1,350 common shares valued at $590,590.12 with an approximate sale date of 08/22/2025 through Fidelity Brokerage Services.

How were the shares being sold by the insider acquired?

The shares were acquired on 02/22/2024 through restricted stock vesting and the payment type is listed as compensation.

Did the filing disclose any recent insider sales for BLD?

Yes. The filing lists two recent sales by the same person: 1,913 shares sold on 08/07/2025 for $801,102.80 and 2,000 shares sold on 08/08/2025 for $832,200.00.

How many TopBuild shares are reported outstanding in the filing?

The filing reports 28,138,831 shares outstanding for the issuer.

Through which broker is the proposed sale to occur?

The proposed sale is listed with Fidelity Brokerage Services LLC, located at 900 Salem Street, Smithfield, RI.