BLD insider Kuhns reports 3,600-share sale and 313-share option exercise

Rhea-AI Filing Summary

TopBuild Corp. (BLD) reporting person: Robert M. Kuhns, Vice President and CFO, reported stock and option transactions in this Form 4.

The filing shows sales of 1,600 shares on 08/07/2025 and 2,000 shares on 08/08/2025 at reported prices: the 08/07 sales occurred within a range of $418.30–$419.43 and the 08/08 sale at $416.10. Beneficial ownership after the transactions is listed as 17,633 and 15,633 shares respectively. The report also discloses an employee stock option transaction tied to 313 underlying shares with a conversion/exercise price of $214.58, exercisable from 02/22/2024 and expiring 02/16/2031. Footnotes state the sales occurred in multiple trades and that the ownership figures reflect tax withholding and performance-share vesting.

Insights

Financial Analyst

TL;DR: CFO sold 3,600 shares and reported exercise-related activity; transactions are tied to vesting and withholding, suggesting routine compensation-related activity.

The report documents two cash sales totaling 3,600 shares at prices around $416–$419, reducing reported beneficial ownership to 15,633 shares. The filing also records an employee stock option event underlying 313 shares at a $214.58 strike. Footnotes explicitly state the sales were executed in multiple transactions and that the ownership counts reflect tax withholding and performance-share achievement on vesting. From a financial perspective, these entries appear consistent with standard post-vesting withholding and option exercise mechanics rather than market-driven corporate developments. Impact on company fundamentals is neutral based on the information provided.

Corporate Governance Expert

TL;DR: Insider disclosures show routine compensation settlement and share sales; the Form 4 contains no explicit red flags about governance or undisclosed transactions.

The filing identifies the reporting person as the company CFO and discloses exercise-related activity plus subsequent share sales. The presence of a footnote explaining tax withholding and performance-share vesting supports a governance interpretation that these transactions were compliance-driven (tax/vesting) rather than opportunistic disposals. The form includes the standard notice about 10b5-1 plans, but the body does not indicate use of such a plan. Based solely on the reported items and footnotes, the transactions appear procedural and not materially adverse to shareholders.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Kuhns Robert M

Role Vice President and CFO

Sold 3,600 shs ($1.50M)

Approx. gross sale proceeds $1.50M

Approx. exercise cost $67K

Type	Security	Shares	Price	Value
Sale	Common Stock	2,000	$416.10	$832K
Exercise	Employee Stock Option (right to buy)	313	$420.80	$132K
Sale	Common Stock	1,600	$418.37	$669K

Holdings After Transaction: Employee Stock Option (right to buy) — 0 shares (Direct); Common Stock — 15,633 shares (Direct)

Footnotes (2)

1. F1. These shares were sold in multiple transactions at prices ranging from $418.30 - $419.43, 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.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 08/08/2025 - 05:37 PM Learn about SEC filing dates

FAQ

What transactions did TopBuild (BLD) insider Robert Kuhns report on this Form 4?

The report discloses sales of 1,600 shares on 08/07/2025 and 2,000 shares on 08/08/2025, plus an employee stock option event tied to 313 underlying shares.

At what prices were the insider shares sold?

The 08/07 sales occurred in multiple transactions at prices ranging $418.30–$419.43; the 08/08 sale is reported at $416.10.

How many TopBuild shares does the filing show the reporting person owning after the sales?

Beneficial ownership is reported as 17,633 following the 08/07 transactions and 15,633 following the 08/08 transactions.

Was an option exercise reported and what are the terms?

Yes. An employee stock option with a $214.58 conversion/exercise price covering 313 underlying shares is reported; the option is shown exercisable from 02/22/2024 and expiring 02/16/2031.

Why do the ownership figures change and what do the footnotes say?

Footnotes state the shares were sold in multiple transactions at the stated price range and that the reported ownership figures reflect tax withholding and performance-share achievement on vesting.

Does the Form 4 indicate the sales were made under a 10b5-1 trading plan?

The form text includes the standard 10b5-1 checkbox language, but the filing does not affirmatively indicate that these transactions were made pursuant to a 10b5-1 plan.

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^*

Kuhns 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)

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

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		1,600	D	$418.37(1)	17,633(2)	D
Common Stock	08/08/2025		S		2,000	D	$416.1	15,633(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
Employee Stock Option (right to buy)	$214.58	08/07/2025		M			313	02/22/2024	02/16/2031	Common Stock	313	$420.8	0	D

Explanation of Responses:

1. These shares were sold in multiple transactions at prices ranging from $418.30 - $419.43, 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.