Dream Finders Homes, Inc. SEC Filings

Kayne Anderson Rudnick Investment Management, LLC filed an amended Schedule 13G reporting beneficial ownership of 5,310,374 Dream Finders Homes Class A shares, representing 15.1% of the class. The firm reports sole voting power over 1,960,078 shares, shared voting power over 3,209,755, sole dispositive power over 2,100,619, and shared dispositive power over 3,209,755.

Virtus Investment Advisers, LLC reports beneficial ownership of 3,208,175 shares (9.1%) with shared voting and dispositive power over the same amount. Virtus Equity Trust (Virtus KAR Small-Cap Growth Fund) reports 3,102,325 shares (8.8%) with shared voting and dispositive power. The filers certify the holdings were acquired and are held in the ordinary course and not to influence control.

Dream Finders Homes (DFH) expanded its share repurchase program, authorizing up to an additional $50.0 million of Class A common stock, bringing total authorization to $100.0 million through June 30, 2027, increased from $50.0 million through June 30, 2026.

Through November 11, 2025, the company has repurchased 1,696,063 shares for $41.2 million. Repurchases may occur via open market purchases, privately negotiated transactions, or other methods in compliance with Rule 10b-18 under the Exchange Act.

Dream Finders Homes (DFH) reported Q3 2025 revenue of $969.8 million versus $1,006.4 million a year ago. Net income was $47.1 million compared with $71.6 million, and diluted EPS was $0.47 versus $0.70. Year‑to‑date, revenue rose to $3.11 billion from $2.89 billion, with net income of $158.6 million versus $210.1 million.

Financial Services revenue increased to $53.1 million in Q3, supported by the April acquisition of Alliant National Title, which contributed $31.6 million in Q3 revenue. DFH also acquired Liberty Communities ($112.7 million cash; contributed $62.1 million Q3 homebuilding revenue) and Green River Builders ($34.1 million cash) to expand in the Southeast. The company issued $300.0 million of 6.875% senior notes due 2030 and increased its revolving credit commitments to $1.5 billion; note proceeds repaid part of the revolver. Operating cash use improved to $(244.2) million year‑to‑date from $(563.1) million, while inventories rose to $2.15 billion. DFH repurchased 1,347,683 Class A shares year‑to‑date for $32.7 million, with $9.5 million remaining under the program. As of October 23, 2025, shares outstanding were 35,028,565 Class A and 57,726,153 Class B.

Dream Finders Homes (DFH) furnished an earnings update. On October 30, 2025, the company issued a press release with financial results for the three and nine months ended September 30, 2025. The release is provided as Exhibit 99.1 and is furnished under Item 2.02, not filed, and therefore not subject to Section 18 liabilities or incorporation by reference.

Dream Finders Homes (DFH): A 10% owner reported open‑market sales of Class A common stock. The holder sold 25,000 shares on 10/24/2025 at a weighted average price of $23.55 and 25,000 shares on 10/27/2025 at a weighted average price of $23.25. Following these transactions, 3,862,625 shares were beneficially owned indirectly through a trust, and 22,349 shares were held directly. The reported price ranges were $23.29–$23.71 and $23.02–$23.68, with full breakdowns available upon request.

Dream Finders Homes (DFH) insider activity: On 10/20/2025, a director and 10% owner reported an open-market sale of 8,258 shares of Class A common stock at a weighted average price of $23.17, with individual sale prices ranging from $23.00 to $23.66.

Following the transaction, the reporting person beneficially owned 3,912,625 shares indirectly through the W. Radford Lovett II GST Exempt Trust, where the reporting person is the sole trustee, and 22,349 shares directly.

Dream Finders Homes (DFH) — insider transaction filed. A company director reported open-market sales of Class A common stock on two dates: 25,000 shares at a weighted average price of $24.24 on 10/15/2025, and 20,000 shares at a weighted average price of $23.52 on 10/16/2025. The prices reflect ranges disclosed in the filing.

Following the reported transactions, 3,920,883 shares were beneficially owned indirectly. According to the footnotes, these shares are held by the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004, for which the reporting person serves as sole trustee.

Dream Finders Homes (DFH): A reporting person classified as a 10% owner disclosed open‑market sales totaling 75,000 shares of Class A common stock across two days. On 10/13/2025, the person sold 25,000 shares at a weighted average price of $23.02 (range $22.78–$23.29). On 10/14/2025, the person sold 36,119 shares at a weighted average of $23.85 (range $23.06–$24.06) and 13,881 shares at a weighted average of $24.12 (range $24.07–$24.23).

Following these transactions, the filing lists 3,965,883 shares beneficially owned following reported transaction(s), held indirectly. The shares are owned by the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004, for which the reporting person is the sole trustee.

Dream Finders Homes (DFH): Schedule 13G/A (Amendment No. 4) filed by Lovett William Radford II reports beneficial ownership of 11.6% of the Class A Common Stock, totaling 4,063,232 shares. The filing lists sole voting and sole dispositive power over 4,063,232 shares, with no shared power.

The reported amount includes 4,040,883 shares held by the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004; Mr. Lovett is the sole trustee and disclaims beneficial ownership of those shares except to the extent of any pecuniary interest. The 11.6% figure is based on 35,155,531 shares of Class A Common Stock outstanding as of July 25, 2025. The date of the event requiring the filing is September 30, 2025.