Dream Finders Homes, Inc. SEC Filings

Dream Finders Homes, Inc. insider activity centers on a trust associated with major shareholder W. Radford Lovett II. The W. Radford Lovett II GST Exempt Trust, for which Lovett is sole trustee, sold 41,525 shares of Class A common stock on January 21, 2026 at a weighted average price of $19.44, with individual sale prices ranging from $19.09 to $20.01. On January 22, 2026, the trust sold an additional 30,217 shares at a weighted average price of $19.60, with prices between $19.26 and $20.22. After these transactions, the trust indirectly held 3,790,883 shares of Class A common stock, while Lovett also directly held 22,349 shares.

Dream Finders Homes (DFH) shareholder plans to sell Class A common stock under Rule 144. A trust named W Radford Lovett II GST Exempt Trust has filed notice to sell 71,742 Class A shares through broker Charles Schwab & Co. on the NYSE, with an aggregate market value of $1,411,315.00. The filing shows 35,028,565 Class A shares outstanding, providing context for the planned sale size.

The shares to be sold were acquired on 12/30/2014 in a private, pre‑IPO cash purchase from the issuer. The approximate sale date listed is 01/20/2026. Over the past three months, the same trust has already sold 8,258, 25,000 and 25,000 Class A shares in separate transactions, with gross proceeds of $191,314.00, $588,845.00 and $581,135.00, respectively.

Dream Finders Homes, Inc. reported that on December 29, 2025, it released its 2024 Annual Shareholder Letter. The letter was authored by the company’s President, CEO and Chairman, Patrick Zalupski, and is available on the investor relations section of the company’s website at investors.dreamfindershomes.com. The company also notes that this communication is furnished under a Regulation FD disclosure and is not deemed filed for liability purposes under the Securities Exchange Act or automatically incorporated into other securities law filings.

Dream Finders Homes, Inc. (DFH) reported that one of its directors acquired additional Class A common stock through an equity award. On 11/19/2025, the director received 218 shares of Class A common stock at a stated price of $0, indicating this was a restricted stock grant rather than an open-market purchase. Following this transaction, the director beneficially owned 18,037 shares directly.

The filing notes that this restricted stock will vest 100% on March 5, 2026, meaning the director’s full ownership of these 218 shares becomes non-forfeitable on that date, assuming applicable conditions are met. No derivative securities transactions were reported in this filing.

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.