[144] TopBuild Corp. SEC Filing

Rhea-AI Filing Summary

TopBuild Corp. (BLD) Form 144: Insider Robert Michael Kuhns has filed to sell up to 2,000 common shares on or about 08-Aug-2025 through Fidelity Brokerage on the NYSE. The shares have an aggregate market value of roughly $832.2 k, implying a price near $416 per share. After the transaction, 28.14 m shares will remain outstanding; the proposed sale therefore represents only ≈0.007% of shares outstanding, pointing to a limited liquidity impact.

The securities derive from restricted-stock vesting events in 2022-2024. Kuhns also sold 1,913 shares for $801.1 k on 07-Aug-2025, indicating a pattern of recent insider disposals. The filer certifies no knowledge of undisclosed adverse information. While the amount is immaterial to corporate control, consecutive sales can be perceived as a mild negative sentiment signal and may merit monitoring for further insider activity.

Positive

• Sale represents only ~0.007% of shares outstanding, implying negligible impact on liquidity or control.
• Full compliance with Rule 144 notice requirements demonstrates adherence to governance best practices.

Negative

• Consecutive insider sales within 24 hours may be interpreted as weakening insider sentiment.
• No accompanying operational or performance updates leaves market to speculate on insider motivation.

Insights

Securities Analyst

TL;DR: Small-scale insider sale; negligible dilution but signals continued personal liquidation.

The 2,000-share Form 144 equals <0.01 % of BLD’s float and is unlikely to affect price discovery or liquidity. However, it follows a comparable 1,913-share sale the prior day, suggesting the insider is trimming exposure around $416/share. Although the dollar amount (~$0.83 m) is modest for a $12 bn-cap company, patterns of repeated insider selling often weigh on sentiment, particularly if echoed by other executives. No performance metrics or operational disclosures accompany the filing, so the transaction should be viewed purely as a behavioral signal rather than a change in fundamentals.

Corporate Governance Expert

TL;DR: Routine Rule 144 compliance; sale size immaterial to voting power, modest optics risk.

The shares were earned via compensation awards, and the Form 144 satisfies SEC notice requirements—good governance practice. Because the stake is tiny relative to outstanding shares, it has no meaningful effect on control or dilution. Still, back-to-back sales can raise questions about insider confidence, particularly if other board members follow suit. Investors should track subsequent Form 4s to confirm execution and gauge broader insider activity. Overall, the filing is not materially impactful but worth logging in insider-trading monitors.

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	2000	832200.00	28138831	08/08/2025	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	02/22/2022	Restricted Stock Vesting	Issuer			112	02/22/2022	Compensation
Common	02/22/2023	Restricted Stock Vesting	Issuer			1640	02/22/2023	Compensation
Common	02/22/2024	Restricted Stock Vesting	Issuer			248	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 Michael Kuhns 475 North Williamson Boulevard Daytona Beach FL 32114	Common	08/07/2025	1913	801102.80

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

How many TopBuild (BLD) shares are being registered for sale?

2,000 common shares are proposed for sale under this Form 144 filing.

What is the estimated value of the shares to be sold?

The aggregate market value is $832,200, or about $416 per share.

When is the anticipated sale date for the shares?

The filer lists an approximate sale date of 08-Aug-2025.

How many TopBuild shares are outstanding after the sale?

The company reports 28,138,831 shares outstanding; the sale equals roughly 0.007% of this total.

Did the insider sell any shares recently?

Yes, 1,913 shares were sold on 07-Aug-2025 for $801,102.80 in gross proceeds.