Patrick Industries Insider Gift: 2,000 Shares Disposed by CEO Nemeth

Rhea-AI Filing Summary

Patrick Industries (PATK) reporting person Andy L. Nemeth, who is listed as both Director and Chief Executive Officer, recorded a non‑derivative disposition of securities on 08/25/2025. The Form 4 shows 2,000 shares of common stock were disposed of under transaction code G, with a reported price of $0, and an explanation that these shares were gifted. After this transaction Nemeth beneficially owns 326,641 shares directly. The filing was signed on 08/27/2025 by an attorney‑in‑fact on Nemeth’s behalf.

Positive

• Transaction fully disclosed in compliance with Section 16 reporting requirements
• Reporting person retains significant direct ownership of 326,641 shares after the gift

Negative

• 2,000 shares were disposed of (gift), representing an outflow of insider-held stock

Insights

Corporate Governance Expert

TL;DR: CEO/director gifted a small block of shares; disclosure is routine and does not change control.

The Form 4 discloses a non‑monetary transfer of 2,000 common shares reported under code G (gift). The reporting person holds a substantial remaining direct stake of 326,641 shares. From a governance perspective this is a compliance disclosure of a personal transfer rather than a compensation, sale, or delegation of voting control. Filing via attorney‑in‑fact and timely reporting are consistent with required Section 16 transparency.

Securities Analyst

TL;DR: Transaction is immaterial to company capitalization and market impact; it's a disclosed gift by an insider.

The record shows the disposition was recorded at $0, explicitly noted as a gift, indicating no cash proceeds to the insider. The post‑transaction direct ownership of 326,641 shares remains substantial in absolute terms, and 2,000 shares is a small fraction of that total. There is no derivative activity reported on this Form 4 and no indication of trading intent or planned liquidity events.

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^*

NEMETH ANDY L

(Last) (First) (Middle)

107 W. FRANKLIN STREET

(Street)

ELKHART IN 46516

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PATRICK INDUSTRIES INC [ PATK ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		G		2,000(1)	D	$0	326,641	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. Represents shares of common stock gifted by the reporting person.

Remarks:

	/s/ Andy L. Nemeth by Joel D. Duthie, attorney-in-fact	08/27/2025
	** 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 Andy L. Nemeth report on the Form 4 for PATK?

The filing reports a non‑derivative disposition on 08/25/2025 of 2,000 common shares recorded as a gift (transaction code G) with a reported price of $0.

How many PATK shares does Nemeth beneficially own after the transaction?

The Form 4 lists 326,641 shares of common stock beneficially owned by Nemeth following the reported transaction.

Was the disposition a sale or a gift according to the Form 4?

The Form 4 explanation explicitly states the 2,000 shares were gifted, and the price is shown as $0.

What is the reporting person's relationship to Patrick Industries (PATK)?

The reporting person, Andy L. Nemeth, is identified as both a Director and the Chief Executive Officer of Patrick Industries.

When was the Form 4 signed and filed?

The signature block shows the form was signed by an attorney‑in‑fact on behalf of Andy L. Nemeth on 08/27/2025.