PATK insider files Form 144 for 50,000 shares sale on Nasdaq

Rhea-AI Filing Summary

Patrick Industries Inc. (PATK) filed a Form 144 disclosing a proposed sale of 50,000 shares of Common Stock for an aggregate market value of $5,415,500, representing part of the issuer's publicly traded equity. The filing lists 33,278,676 shares outstanding and shows the securities are intended to be sold on Nasdaq with an approximate sale date of 08/13/2025. The shares reported were acquired through stock option exercises on 12/19/2023 (21,095 net shares) and 12/27/2023 (18,421 net shares), and a restricted performance-based award that vested on 01/17/2024 (10,484 shares). The filing indicates no sales in the past three months and includes the standard representation that the seller is unaware of undisclosed material adverse information.

Positive

• Full acquisition history provided with specific dates and share counts for option exercises and vested awards
• Clear disclosure of broker, exchange, and approximate sale date (Nasdaq; 08/13/2025)
• Filing marked LIVE, indicating it was submitted as an active disclosure

Negative

• None.

Insights

Securities Compliance Analyst

TL;DR: Routine Form 144 disclosure of planned insider sale; filing details acquisition method and sale timing.

The Form 144 appears to be a standard compliance disclosure for an insider-originated sale under Rule 144. It specifies the class, broker, number of shares (50,000), aggregate market value ($5,415,500), and intended trading venue (Nasdaq). The filing documents acquisition dates and methods (option exercises and vested performance awards) and states no reported sales in the prior three months. This provides investors transparency about an insider liquidity event without indicating undisclosed material information.

Equity Research Analyst

TL;DR: Insider intends to sell roughly 0.15% of outstanding shares; transaction is described with acquisition details.

The sale of 50,000 shares versus 33,278,676 shares outstanding equals approximately 0.15% of the recorded share count, which is a small proportion of total equity. The filing clearly attributes the shares to option exercises (net shares after withholding) and one vested restricted award, with exact share counts and acquisition dates provided. The stated approximate sale date is August 13, 2025, and no recent sales are reported. The disclosure is informative for tracking insider activity but does not, by itself, indicate company performance changes.

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	1st Source Bank P.O. Box 1602 South Bend IN 46634	50000	5415500	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	12/19/2023	Stock option exercise	Issuer			21095	12/19/2023	Represents net shares acquired after withholding shares to pay option cost & applicable taxes
Common Stock	12/27/2023	Stock option exercise	Issuer			18421	12/27/2023	Represents net shares acquired after withholding shares to pay option cost & applicable taxes
Commom Stock	01/17/2024	Restricted performance-based stock award vesting compensation	Issuer			10484	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 filing discloses a proposed sale of 50,000 common shares on Nasdaq with an aggregate market value of $5,415,500 and an approximate sale date of 08/13/2025.

How were the 50,000 shares acquired according to the Form 144?

Shares were acquired via stock option exercises on 12/19/2023 (21,095 net shares) and 12/27/2023 (18,421 net shares), and a restricted performance-based award that vested on 01/17/2024 (10,484 shares).

How many Patrick Industries shares are outstanding per the filing?

The filing reports 33,278,676 shares outstanding.

Did the filer report any sales of issuer securities in the past three months?

The Form 144 states Nothing to Report for securities sold during the past three months.

What broker is listed for the proposed sale in the Form 144?

The broker listed is 1st Source Bank, P.O. Box 1602, South Bend, IN 46634.