Lovett trust trims Dream Finders Homes (NYSE: DFH) stake with January sales

Rhea-AI Filing Summary

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.

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

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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 FL 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)
01/21/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A common stock, par value $0.01 per share	01/21/2026		S		41,525	D	$19.44(1)	3,821,100	I	See Footnote(2)
Class A common stock, par value $0.01 per share	01/22/2026		S		30,217	D	$19.6(3)	3,790,883	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The prices sold ranged from $19.09 to $20.01. 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 $19.26 to $20.22. 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	01/23/2026
	** 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.
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FAQ

Who is the reporting person in the DFH Form 4 filing?

The reporting person is Lovett William Radford II, identified as a 10% owner of Dream Finders Homes, Inc.

How many Dream Finders Homes (DFH) shares did the Lovett trust sell?

A trust associated with Lovett sold 41,525 shares of Class A common stock on January 21, 2026 and 30,217 shares on January 22, 2026.

At what prices were the DFH shares sold in this Form 4?

The January 21, 2026 sales had a weighted average price of $19.44 per share, with prices from $19.09 to $20.01. The January 22, 2026 sales had a weighted average price of $19.60 per share, with prices from $19.26 to $20.22.

Who actually owns the DFH shares reported as indirect in this Form 4?

The indirectly owned shares are held by the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004. Lovett is the sole trustee of this trust.

How many DFH shares did the Lovett trust hold after the reported sales?

Following the reported transactions, the trust indirectly held 3,790,883 shares of Dream Finders Homes Class A common stock.

Does Lovett hold any DFH shares directly after these transactions?

Yes. The Form 4 shows that Lovett directly held 22,349 shares of Class A common stock after the reported transactions.

What does the weighted average price mean in the DFH Form 4 filing?

The filing states each reported sale price is a weighted average of multiple trades within a price range, and Lovett will provide full trade details to the issuer, any security holder, or SEC staff upon request.