BLD Director/CEO Robert Buck disposes of 7,350 shares at $415 range

Rhea-AI Filing Summary

Robert M. Buck, a director and the company’s President and CEO, reported selling 7,350 shares of TopBuild Corp. common stock on 08/07/2025 at prices in the range $415.18–$415.82 per share (a $415.19 figure is shown in the table). After these transactions he beneficially owns 73,225 shares directly.

The filing’s footnotes state the shares were sold in multiple transactions and that the post-transaction balance reflects tax withholding and the vesting of performance shares. The report was submitted and signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Sale attributed to tax withholding and performance-share vesting, per the filing footnote, indicating a compensation-related disposition rather than an unexplained transfer.
• Reporting person retains 73,225 direct shares after the transactions, showing continued material ownership.

Negative

• 7,350 shares were sold, which reduced the reporting person’s direct holdings; sales occurred across prices ranging $415.18–$415.82.

Insights

Financial Analyst

TL;DR: Officer sale tied to vesting and tax withholding; direct holding remains sizable.

The report shows a sale of 7,350 common shares executed at prices between $415.18 and $415.82, with a table line referencing $415.19. Following the transactions the reporting person retains 73,225 direct shares. The disclosure also notes the sales were executed in multiple transactions and the balance reflects tax withholding and performance-share vesting. From a capital-markets perspective, this appears to be a routine disposition related to compensation rather than an extraordinary corporate-development event.

Corporate Governance Expert

TL;DR: Director/CEO sale appears administrative (vesting/tax withholding); governance impact is likely neutral.

The reporting person is identified as both a director and the President and CEO. The explanatory footnote explicitly attributes the post-transaction share count to tax withholding and performance-share achievement on vesting, which commonly prompts sales to satisfy tax obligations. The structured disclosure and attorney-in-fact signature indicate standard compliance with Section 16 reporting requirements. No additional governance concerns are stated in the filing.

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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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^*

Buck Robert 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

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		7,350	D	$415.19(1)	73,225(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 $415.18 - $415.82, 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, 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 TopBuild (BLD) insider Robert M. Buck report on the Form 4?

The Form 4 reports that Robert M. Buck sold 7,350 shares of TopBuild common stock on 08/07/2025.

At what prices were the shares sold for BLD?

The filing states sales occurred at prices ranging from $415.18 to $415.82, and a table line references $415.19.

How many TopBuild shares does the reporting person own after the sale?

After the reported transactions the reporting person beneficially owns 73,225 shares directly.

Why were the shares sold according to the filing?

A footnote states the sales were in multiple transactions and the post-transaction balance reflects tax withholding and performance-share achievement on vesting.

What roles does the reporting person hold at TopBuild?

The filing identifies the reporting person as a Director and as President and CEO of TopBuild.

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

The Form 4 shows it was signed by Luis F. Machado, Attorney-in-Fact on behalf of the reporting person.