Major holder Lovett trims Dream Finders Homes (DFH) stake via trust sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dream Finders Homes, Inc. 10% owner William Radford Lovett II reported open-market sales of Class A common stock executed through the W. Radford Lovett II GST Exempt Trust, where he is sole trustee. The trust sold 60,828 shares on June 11, 2026 at a weighted average price of $14.56 per share, with individual prices ranging from $14.15 to $15.13. It then sold 76,428 shares on June 12, 2026 at a weighted average price of $15.17, with prices ranging from $14.98 to $15.48. Following these transactions, the trust held 3,503,627 shares indirectly, while Lovett also held 22,349 shares directly as of June 11.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 137,256 shares ($2,045,068)
Net Sell
3 txns
Insider
Lovett William Radford II
Role
null
Sold
137,256 shs ($2.05M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A common stock, par value $0.01 per share | 76,428 | $15.17 | $1.16M |
| Sale | Class A common stock, par value $0.01 per share | 60,828 | $14.56 | $886K |
| holding | Class A common stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Class A common stock, par value $0.01 per share — 3,503,627 shares (Indirect, See Footnote);
Class A common stock, par value $0.01 per share — 22,349 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The prices sold ranged from $14.15 to $15.13. 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 $14.98 to $15.48. 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.
Key Figures
Shares sold June 11, 2026: 60,828 shares
Price June 11 range: $14.15–$15.13
Shares sold June 12, 2026: 76,428 shares
+4 more
7 metrics
Shares sold June 11, 2026
60,828 shares
Open-market sale at weighted average $14.56 per share
Price June 11 range
$14.15–$15.13
Range of prices for June 11, 2026 weighted-average sale
Shares sold June 12, 2026
76,428 shares
Open-market sale at weighted average $15.17 per share
Price June 12 range
$14.98–$15.48
Range of prices for June 12, 2026 weighted-average sale
Total shares sold
137,256 shares
Aggregate of reported open-market sales
Indirect holdings after June 12
3,503,627 shares
Class A common stock held by GST Exempt Trust
Direct holdings as of June 11
22,349 shares
Directly held Class A common stock
Key Terms
open-market sale, weighted average price, indirect ownership, Class A common stock, +1 more
5 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
indirect ownership financial
""direct_or_indirect": "I","nature_of_ownership": "See Footnote""
Class A common stock financial
"security_title": "Class A common stock, par value $0.01 per share""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
ten percent owner regulatory
""is_ten_percent_owner": 1"
FAQ
What are William Radford Lovett II’s remaining DFH holdings after these sales?
After the reported sales, the W. Radford Lovett II GST Exempt Trust held 3,503,627 DFH shares indirectly. The filing also shows Lovett with a separate direct holding of 22,349 shares of Dream Finders Homes Class A common stock as of June 11, 2026.
How were the DFH sale prices for Lovett’s transactions reported in the filing?
Each DFH sale was reported using a weighted average price. For June 11, 2026, prices ranged from $14.15 to $15.13, and for June 12, 2026, prices ranged from $14.98 to $15.48, with detailed breakdowns available on request.