Eagle Materials (EXP) Form 4: 2,000-share sale reported by SVP Devlin

Rhea-AI Filing Summary

William R. Devlin, identified on the form as SVP, Controller, reported an open-market sale of 2,000 shares of Eagle Materials Inc. (ticker EXP) on 08/19/2025 at a weighted average price of $232.759 per share, with transaction prices ranging from $232.75 to $232.83. After the sale, the filing shows 17,151 shares beneficially owned directly and an additional 1,936 shares indirectly through a 401(k) plan. The Form 4 was signed via attorney-in-fact and dated 08/21/2025. The filer notes the weighted-average price reflects multiple transactions and offers to provide detailed per-transaction prices upon SEC request.

Positive

• Timely reporting: Form 4 filed two days after the transaction (sale on 08/19/2025, form dated 08/21/2025)
• Clear ownership disclosure: Filing specifies 17,151 shares directly owned and 1,936 held indirectly via a 401(k) plan

Negative

• Insider sale: Reporting person disposed of 2,000 shares, which reduces direct ownership
• Aggregated pricing: Weighted-average price reported ($232.759) with per-trade prices not listed on the face of the form (range disclosed)

Insights

Financial Analyst

TL;DR: Officer sold a modest block of shares; remaining direct holding is 17,151 shares, with a small indirect 401(k) position.

The reported sale of 2,000 shares at an average of $232.759 represents a limited reduction in the reporting person’s direct stake relative to the remaining 17,151 shares. The filing discloses the transaction price range ($232.75–$232.83) and offers to provide per-trade detail to the SEC. This is a routine insider disclosure; absent other concurrent material events, the transaction appears administratively standard rather than a company-altering development. Timing shows the Form 4 was filed within two days of the transaction, consistent with Section 16 reporting expectations.

Corporate Governance Expert

TL;DR: Insider sale was reported promptly and documented with a weighted-average price; signature executed by attorney-in-fact.

The form identifies the reporting person’s corporate role and properly indicates direct and indirect ownership via a 401(k). The explanatory note clarifies aggregated pricing for multiple trades, and the signature block shows the use of an attorney-in-fact to execute the filing. From a compliance perspective, the disclosure meets the basic transparency requirements of Section 16 filings. There is no indication in this filing of any change in role, 10% ownership status, or other governance actions.

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
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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^*

Devlin William R

(Last) (First) (Middle)

5960 BERKSHIRE LN, STE 900

(Street)

DALLAS TX 75225

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EAGLE MATERIALS INC [ EXP ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/19/2025		S		2,000	D	$232.759(1)	17,151	D
Common Stock								1,936	I	By 401(k)

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. This price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $232.75 to $232.83. Upon request by the SEC staff, the issuer or a security holder of the issuer, the reporting person will undertake to provide full information regarding the number of shares and prices at which transactions were effected.

	/s/ Scott M. Wilson as Attorney-in-Fact for William R. Devlin	08/21/2025
	** 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.

FAQ

What did William R. Devlin report on Form 4 for EXP?

The Form 4 reports the sale of 2,000 shares of Eagle Materials Inc. (EXP) on 08/19/2025 at a weighted average price of $232.759 per share.

How many EXP shares does the reporting person own after the transaction?

After the reported sale the filing shows 17,151 shares beneficially owned directly and 1,936 shares indirectly via a 401(k) plan.

When was the Form 4 filed with the SEC?

The Form 4 is signed and dated 08/21/2025, two days after the transaction date of 08/19/2025.

What price range applied to the reported sale of EXP shares?

The filing discloses the traded prices ranged from $232.75 to $232.83, with a weighted-average price of $232.759.

Was the Form 4 signed by the reporting person directly?

The filing shows the signature was executed by an attorney-in-fact (/s/ Scott M. Wilson) on behalf of William R. Devlin.