How is the W. Radford Lovett II GST Exempt Trust related to Dream Finders Homes (DFH) insider holdings?

The W. Radford Lovett II GST Exempt Trust directly owns a large block of Dream Finders Homes Class A shares. Lovett is disclosed as the sole trustee of this GST Exempt Trust, and the reported open-market sales were executed from shares held by this trust entity.

Dream Finders Homes (DFH) insider trust sells 103K shares in June trades

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Dream Finders Homes, Inc. major shareholder Lovett William Radford II reported recent open-market sales of Class A common stock primarily through a trust he oversees. On June 15, 2026, the W. Radford Lovett II GST Exempt Trust sold 53,325 shares at a weighted average price of $15.16, with individual trade prices ranging from $15.14 to $15.60. On June 16, 2026, the same trust sold an additional 50,266 shares at a weighted average price of $14.99, with prices ranging from $14.80 to $15.36. Following these transactions, indirect holdings reported for the trust total 3,400,036 shares, and direct holdings reported for Lovett total 22,349 shares of Class A common stock.

Insider Trade Summary

Net Seller: 103,591 shares ($1,561,894)

Net Sell 3 txns

Insider Lovett William Radford II

Role null

Sold 103,591 shs ($1.56M)

Type	Security	Shares	Price	Value
Sale	Class A common stock, par value $0.01 per share	50,266	$14.99	$753K
Sale	Class A common stock, par value $0.01 per share	53,325	$15.16	$808K
holding	Class A common stock, par value $0.01 per share	--	--	--

Holdings After Transaction: Class A common stock, par value $0.01 per share — 3,400,036 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 $15.14 to $15.60. 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 $14.80 to $15.36. 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 on June 15, 2026: 53,325 shares Shares sold on June 16, 2026: 50,266 shares Total shares sold in reported period: 103,591 shares +4 more

7 metrics

Shares sold on June 15, 2026 53,325 shares Open-market sale at weighted average price $15.16; price range $15.14–$15.60

Shares sold on June 16, 2026 50,266 shares Open-market sale at weighted average price $14.99; price range $14.80–$15.36

Total shares sold in reported period 103,591 shares Net open-market sales across June 15–16, 2026 per transaction summary

Indirect holdings after June 16, 2026 3,400,036 shares Class A common stock held indirectly via GST Exempt Trust

Direct holdings after June 15, 2026 22,349 shares Class A common stock held directly by Lovett William Radford II

June 15 weighted average sale price $15.16 per share Weighted average for 53,325 shares sold; individual trades $15.14–$15.60

June 16 weighted average sale price $14.99 per share Weighted average for 50,266 shares sold; individual trades $14.80–$15.36

Key Terms

weighted average price, GST Exempt Trust, open-market sale, indirect ownership

4 terms

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.

GST Exempt Trust financial

"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."

open-market sale financial

"transaction_action: open-market sale, transaction_code_description: Sale in open market or private transaction"

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.

indirect ownership financial

"direct_or_indirect: I, ownership_type: indirect, nature_of_ownership: See Footnote"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/17/2026 - 05:54 PM Accepted by SEC EDGAR 06/17/2026 - 05:53 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).

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^*

Lovett William Radford II

(Last)

(First)

(Middle)

14701 PHILIPS HIGHWAY

SUITE 300

(Street)

JACKSONVILLE

FLORIDA

32256

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/15/2026		S		53,325	D	$15.16⁽¹⁾	3,450,302	I	See Footnote⁽²⁾
Class A common stock, par value $0.01 per share	06/16/2026		S		50,266	D	$14.99⁽³⁾	3,400,036	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 $15.14 to $15.60. 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 $14.80 to $15.36. 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	06/17/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Lovett William Radford II report for Dream Finders Homes (DFH)?

Lovett William Radford II reported net open-market sales of Dream Finders Homes Class A common stock totaling 103,591 shares. These trades occurred on June 15 and June 16, 2026, primarily through a GST Exempt Trust for which he serves as sole trustee.

How many Dream Finders Homes (DFH) shares were sold on June 15, 2026?

On June 15, 2026, the W. Radford Lovett II GST Exempt Trust sold 53,325 Dream Finders Homes Class A shares. The weighted average sale price was $15.16 per share, with individual trade prices ranging from $15.14 to $15.60 across multiple executions.

What was the size of the June 16, 2026 insider sale in Dream Finders Homes (DFH)?

On June 16, 2026, the same GST Exempt Trust sold 50,266 Dream Finders Homes Class A shares. The weighted average sale price was $14.99 per share, with individual transactions executed between $14.80 and $15.36 according to the reported price range.

What are Lovett William Radford II’s reported Dream Finders Homes (DFH) holdings after these trades?

After the reported transactions, indirect holdings for the GST Exempt Trust total 3,400,036 Dream Finders Homes Class A shares. In addition, Lovett reports 22,349 shares held directly, reflecting his remaining reported ownership position following the June 2026 sales.