TopBuild (BLD) insider sells 990 shares at ~$415; owns 10,349

Luis F. Machado, who serves as Vice President, General Counsel and Corporate Secretary and is also noted as a director of TopBuild Corp (BLD), reported the sale of 990 shares of TopBuild common stock on 08/07/2025.

Rhea-AI Filing Summary

Luis F. Machado, who serves as Vice President, General Counsel and Corporate Secretary and is also noted as a director of TopBuild Corp (BLD), reported the sale of 990 shares of TopBuild common stock on 08/07/2025. The shares were sold in multiple transactions at prices ranging from $415.00 to $415.42. After these disposals the reporting person beneficially owns 10,349 shares.

Footnotes state the sales were executed across the stated price range and that the post-transaction total reflects tax withholding and performance-share achievement on vesting. The reporting person has indicated they will provide the SEC a breakdown of the number of shares sold at each price within the disclosed range upon request.

Positive

• Sale disclosed with exact share count and price range, providing clear transparency for investors
• Footnote explains sale relates to tax withholding and performance-share vesting, clarifying the transaction's context
• Reporting person retains a meaningful post-sale stake of 10,349 shares

Negative

• None.

Insights

Securities Analyst

Routine insider sale tied to vesting and tax withholding; modest in scale relative to typical executive holdings.

The Form 4 discloses a disposal of 990 common shares at prices between $415.00 and $415.42, reducing direct beneficial ownership to 10,349 shares. The filing explicitly links the post-transaction balance to tax withholding and performance-share vesting and notes the reporting person will provide per-price sale quantities to the SEC on request. This appears to be a transaction to satisfy tax obligations from vesting rather than a signal of broader strategic change.

Corporate Governance Expert

Timely, clear disclosure of an insider sale with explanatory footnotes; no governance red flags apparent from the filing alone.

The Form 4 identifies Luis F. Machado as an officer and director and documents the sale of 990 shares on 08/07/2025 with a disclosed price range. The footnotes provide transparency that the sales were multiple transactions and that the remaining share count reflects tax withholding and vesting. The reporting person’s offer to submit a per-price breakdown to the SEC supports compliance with disclosure obligations.

Insider Trade Summary

Net Seller: 990 shares

Net Sell 1 txn

Insider Machado Luis Francisco

Role VP, Gen. Counsel, Corp Sec.

Sold 990 shs ($411K)

Type	Security	Shares	Price	Value
Sale	Common Stock	990	$415.02	$411K

Holdings After Transaction: Common Stock — 10,349 shares (Direct)

Footnotes (2)

1. F1. These shares were sold in multiple transactions at prices ranging from $415.00 - $415.42, inclusive. The reporting person, upon request, will submit to the Securities and Exchange Commission the number of shares sold at each separate price within the range set forth in this footnote.
2. F2. Reflects tax withholding and performance share achievement on vesting.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Luis F. Machado report in the Form 4 for TopBuild (BLD)?

He reported the sale of 990 shares of TopBuild common stock on 08/07/2025 at prices ranging from $415.00 to $415.42.

How many TopBuild shares does Machado own after the reported transaction?

Following the reported sales the filing shows 10,349 shares beneficially owned.

Why were the shares sold according to the filing?

The footnotes state the sales were executed in multiple transactions and the post-transaction balance reflects tax withholding and performance-share achievement on vesting.

Will the SEC receive further detail on the sale prices?

Yes. The reporting person indicated they will submit to the SEC the number of shares sold at each separate price within the disclosed range upon request.

What is Machado's role at TopBuild as listed on the form?

He is listed as VP, General Counsel, Corporate Secretary and is also indicated as a Director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 08/08/2025 - 05:19 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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^*

Machado Luis Francisco

(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)
	VP, Gen. Counsel, Corp Sec.

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		990	D	$415.02(1)	10,349(2)	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. These shares were sold in multiple transactions at prices ranging from $415.00 - $415.42, inclusive. The reporting person, upon request, will submit to the Securities and Exchange Commission the number of shares sold at each separate price within the range set forth in this footnote.

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

	/s/ Luis F. Machado	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.