BLD insider filing: Krestancic sale tied to vesting, retains 4,934 shares

Rhea-AI Filing Summary

Jeff M. Krestancic, an officer (President, TruTeam) of TopBuild Corp. (BLD), reported an insider transaction dated 08/07/2025 on Form 4. The filing shows a transaction coded S (sale) and lists 4,934 shares as the amount beneficially owned following the reported transaction. The explanatory note states the activity "reflects tax withholding and performance share achievement on vesting," indicating the filing relates to equity awards that vested and attendant tax withholding.

This is a routine disclosure of officer equity activity: an award-related transaction was reported, a sale occurred, and the officer retains meaningful beneficial ownership. No other material items such as new grants, loans, or derivative positions are reported in this filing.

Positive

• Reporting person identified with title (President, TruTeam) and issuer TopBuild Corp. (BLD)
• Transaction clearly coded as a sale ("S") on 08/07/2025
• Beneficial ownership after the transaction is explicitly stated as 4,934 shares
• Explanation provided linking the activity to performance-share vesting and tax withholding

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine officer sale tied to vesting; beneficial ownership remains 4,934 shares, unlikely to be materially market-moving.

The Form 4 discloses a transaction coded "S" on 08/07/2025 by Jeff M. Krestancic, an officer of TopBuild (BLD). The explanatory text explicitly links the activity to performance-share vesting and tax withholding, which commonly results in a partial sale to cover taxes. The filing shows 4,934 shares beneficially owned after the transaction and does not report derivative positions. From a securities perspective this appears administrative and not indicative of a change in corporate strategy or a red flag about company fundamentals.

Corporate Governance Expert

TL;DR: Disclosure is consistent with standard executive compensation practice; documentation of vesting and withholding is appropriate.

The report names the reporting person and lists the issuer and transaction code clearly, with an explicit explanation that the entry "reflects tax withholding and performance share achievement on vesting." That language supports the view that equity awards vested and withholding was satisfied via a reported sale. The filing includes post-transaction beneficial ownership (4,934 shares), which helps shareholders assess ongoing insider alignment with equity incentives. There are no governance concerns evident from the text provided.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KRESTANCIC JEFF M

(Last) (First) (Middle)

C/O TOPBUILD CORP.

475 NORTH WILLIAMSON BOULEVARD

(Street)

DAYTONA BEACH FL 32114

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TopBuild Corp [ BLD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, TruTeam

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/07/2025		S		373	D	$415	4,934(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects tax withholding and performance share achievement on vesting.

	/s/ Luis F. Machado, Attorney-in-Fact	08/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 4 filed for TopBuild (BLD) report?

The Form 4 reports a transaction coded "S" (sale) by Jeff M. Krestancic on 08/07/2025 and shows 4,934 shares beneficially owned following the transaction.

Why was the sale reported in the TopBuild (BLD) Form 4?

The filing's explanation states it "reflects tax withholding and performance share achievement on vesting", indicating the sale relates to vested performance shares and taxes.

How much stock does the reporting officer hold after the transaction?

The Form 4 lists 4,934 shares as the amount beneficially owned following the reported transaction.

Does the filing show any derivative securities or new grants for BLD?

No. Table II for derivative securities is blank and the filing contains no new grant or derivative positions.

Who signed the Form 4 on behalf of the reporting person?

The signature block shows the form was signed by Luis F. Machado, Attorney-in-Fact on behalf of the reporting person.