DFH insider via trust holds 3,965,883 shares after sales

Q: What did DFH’s 10% owner report on Form 4?

Open‑market sales totaling 75,000 shares of Class A common stock across 10/13/2025 and 10/14/2025 .

Q: At what prices were DFH shares sold?

Weighted averages: $23.02 (range $22.78–$23.29 ), $23.85 (range $23.06–$24.06 ), and $24.12 (range $24.07–$24.23 ).

Q: How many DFH shares were sold on each date?

10/13/2025: 25,000 shares. 10/14/2025: 36,119 shares and 13,881 shares.

Q: How many DFH shares does the reporting person hold after the sales?

The filing shows 3,965,883 shares beneficially owned following the reported transactions, held indirectly.

Q: How is the DFH ownership held?

Indirectly via the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004 , for which the reporting person is sole trustee.

Q: What security class is involved in these DFH transactions?

DFH Class A common stock , par value $0.01 per share.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

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.

Insider Trade Summary

Net Seller: 75,000 shares ($1,771,748)

Net Sell 4 txns

Insider Lovett William Radford II

Role 10% Owner

Sold 75,000 shs ($1.77M)

Type	Security	Shares	Price	Value
Sale	Class A common stock, par value $0.01 per share	36,119	$23.85	$861K
Sale	Class A common stock, par value $0.01 per share	13,881	$24.12	$335K
Sale	Class A common stock, par value $0.01 per share	25,000	$23.02	$576K
holding	Class A common stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Class A common stock, par value $0.01 per share — 3,979,764 shares (Indirect, See Footnote); Class A common stock, par value $0.01 per share — 22,349 shares (Direct)

Footnotes (1)

The price reported in Column 4 is a weighted average price. The prices sold ranged from $22.78 to $23.29. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range. Such shares of Class A Common Stock are owned directly by the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004. The reporting person is the sole trustee of the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004. The price reported in Column 4 is a weighted average price. The prices sold ranged from $23.06 to $24.06. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range. The price reported in Column 4 is a weighted average price. The prices sold ranged from $24.07 to $24.23. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

Form 4 Insider Transactions: What Each Field Means →

10/15/2025 - 05:11 PM

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).

1. Name and Address of Reporting Person^*

Lovett William Radford II

(Last)

(First)

(Middle)

14701 PHILIPS HIGHWAY

SUITE 300

(Street)

JACKSONVILLE

32256

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Dream Finders Homes, Inc. [ DFH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/13/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A common stock, par value $0.01 per share	10/13/2025		S		25,000	D	$23.02⁽¹⁾	4,015,883	I	See Footnote⁽²⁾
Class A common stock, par value $0.01 per share	10/14/2025		S		36,119	D	$23.85⁽³⁾	3,979,764	I	See Footnote⁽²⁾
Class A common stock, par value $0.01 per share	10/14/2025		S		13,881	D	$24.12⁽⁴⁾	3,965,883	I	See Footnote⁽²⁾
Class A common stock, par value $0.01 per share								22,349	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The prices sold ranged from $22.78 to $23.29. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

2. Such shares of Class A Common Stock are owned directly by the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004. The reporting person is the sole trustee of the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004.

3. The price reported in Column 4 is a weighted average price. The prices sold ranged from $23.06 to $24.06. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

4. The price reported in Column 4 is a weighted average price. The prices sold ranged from $24.07 to $24.23. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

	/s/ Robert E. Riva, Jr. by Power of Attorney	10/15/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did DFH’s 10% owner report on Form 4?

Open‑market sales totaling 75,000 shares of Class A common stock across 10/13/2025 and 10/14/2025.

At what prices were DFH shares sold?

Weighted averages: $23.02 (range $22.78–$23.29), $23.85 (range $23.06–$24.06), and $24.12 (range $24.07–$24.23).

How many DFH shares were sold on each date?

10/13/2025: 25,000 shares. 10/14/2025: 36,119 shares and 13,881 shares.

How many DFH shares does the reporting person hold after the sales?

The filing shows 3,965,883 shares beneficially owned following the reported transactions, held indirectly.

How is the DFH ownership held?

Indirectly via the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004, for which the reporting person is sole trustee.

What security class is involved in these DFH transactions?

DFH Class A common stock, par value $0.01 per share.