Patrick Industries (PATK) files Form 144 for 21,452-share sale via Baird

Rhea-AI Filing Summary

Patrick Industries, Inc. (PATK) filed a Form 144 disclosing a proposed sale of 21,452 shares of common stock through Robert W. Baird & Co., with an aggregate market value of $2,323,500. The filing lists 33,278,676 shares outstanding and an approximate sale date of 08/13/2025. The shares were acquired on 01/17/2024 as a restricted performance-based stock award vesting compensation. The filer reports "Nothing to Report" for securities sold during the past three months.

The Form 144 includes the required representation that the person does not possess undisclosed material adverse information. The notice identifies the broker, specifies acquisition and payment details, and documents the intended transaction under Rule 144 for investor transparency.

Positive

• Regulatory compliance: Form 144 provides required disclosure of the proposed sale and broker information.
• Acquisition transparency: Filing specifies the shares were acquired as a restricted performance-based stock award on 01/17/2024.
• No recent sales reported: The filer reports "Nothing to Report" for securities sold in the past three months.

Negative

• Insider sale planned: The person proposes to sell 21,452 shares (aggregate market value $2,323,500) on or about 08/13/2025.

Insights

Securities Analyst

TL;DR Proposed insider sale is small relative to total shares; disclosure follows Rule 144 procedures.

The filing details an intended sale of 21,452 shares via Robert W. Baird, valued at $2,323,500, with an approximate sale date of 08/13/2025. The securities were acquired as a restricted performance-based award on 01/17/2024. The filer reports no sales in the prior three months, which limits immediate trading-volume implications. On balance this appears to be a routine insider liquidity event properly disclosed under Rule 144.

Corporate Governance Expert

TL;DR Form 144 is a compliance filing; it confirms required disclosures and a representation about nonpublic material information.

The document includes broker identification, acquisition details, and the signatory representation that they are unaware of undisclosed material adverse information. Those elements meet Rule 144 disclosure expectations and provide investors with the basic facts needed to assess the proposed sale. The filing does not detail any other governance or compensation changes beyond the stated award vesting.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Robert W. Baird & Co. 4220 Edison Lakes Parkway Suite 100 Mishawaka IN 46545	21452	2323500	33278676	08/13/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	01/17/2024	Restricted performance-based stock award vesting compensation	Issuer			21452	01/17/2024	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Patrick Industries (PATK) Form 144 disclose?

The Form 144 discloses a proposed sale of 21,452 common shares through Robert W. Baird & Co. with an aggregate market value of $2,323,500 and an approximate sale date of 08/13/2025.

How were the shares to be sold by PATK acquired?

The shares were acquired on 01/17/2024 as a restricted performance-based stock award vesting compensation from the issuer.

Were any PATK shares sold by this person in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Which broker is handling the proposed PATK sale?

The broker listed is Robert W. Baird & Co., 4220 Edison Lakes Parkway, Suite 100, Mishawaka, IN 46545.

Does the filer attest to possession of material nonpublic information?

Yes. By signing, the person represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.