STOCK TITAN

[Form 4] PATRICK INDUSTRIES INC Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Patrick Industries director M. Scott Welch reported net open-market purchases of Common Stock linked to his indirect holdings. Welch’s spouse purchased 10,000 shares at a weighted average price of $88.225 per share, and Welch disclaims beneficial ownership of these shares.

An entity controlled by Welch purchased 50 shares at a weighted average price of $88.41 per share; the 3,192 shares reported for this entity represent only Welch’s pecuniary interest. Following the transactions, Welch holds 31,772 shares directly, 156,000 shares indirectly through his spouse, and 3,192 shares indirectly through the controlled entity.

Positive

  • None.

Negative

  • None.
Insider WELCH M SCOTT
Role null
Bought 10,050 shs ($887K)
Type Security Shares Price Value
Purchase Common Stock 10,000 $88.225 $882K
Purchase Common Stock 50 $88.41 $4K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 156,000 shares (Indirect, By Spouse); Common Stock — 31,772 shares (Direct, null)
Footnotes (1)
  1. Reflects shares purchased by the Reporting Person's spouse for which the Reporting Person disclaims beneficial ownership. The price quoted in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $85.50 to $88.975, inclusive. The reporting person undertakes to provide to Patrick Industries, Inc., any security holder of Patrick Industries, Inc., or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the price range set forth in this footnote. Reflects purchases of shares of the issuer through an entity that is controlled by the reporting person in which the reporting person has a pecuniary interest. The reporting person disclaims beneficial ownership of other shares purchased by the entity. The amount of securities benefically owned following the reported transaction represent the reporting person's pecuniary interest percentage.
Spouse purchase 10,000 shares at $88.225 Open-market purchase of Common Stock by spouse on May 5, 2026
Entity purchase 50 shares at $88.41 Open-market purchase of Common Stock by controlled entity on May 5, 2026
Direct holdings 31,772 shares Common Stock directly owned following reported transactions
Indirect spouse holdings 156,000 shares Common Stock indirectly held through spouse after spouse’s purchase
Indirect entity holdings 3,192 shares Common Stock indirectly held through controlled entity, reflecting pecuniary interest
open-market purchase financial
"transaction_action: "open-market purchase" for the Common Stock acquisitions"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
weighted average price financial
"The price quoted in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership financial
"the Reporting Person disclaims beneficial ownership."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"the reporting person has a pecuniary interest."
indirect ownership financial
"ownership_type": "indirect" and direct_or_indirect": "I""
SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
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*
WELCH M SCOTT

(Last)(First)(Middle)
107 W. FRANKLIN STREET

(Street)
ELKHART INDIANA 46516

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
PATRICK INDUSTRIES INC [ PATK ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/05/2026P10,000(1)A$88.225(2)156,000IBy Spouse
Common Stock05/05/2026P50A$88.413,192ISee footnote(3)
Common Stock31,772D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reflects shares purchased by the Reporting Person's spouse for which the Reporting Person disclaims beneficial ownership.
2. The price quoted in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $85.50 to $88.975, inclusive. The reporting person undertakes to provide to Patrick Industries, Inc., any security holder of Patrick Industries, Inc., or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the price range set forth in this footnote.
3. Reflects purchases of shares of the issuer through an entity that is controlled by the reporting person in which the reporting person has a pecuniary interest. The reporting person disclaims beneficial ownership of other shares purchased by the entity. The amount of securities benefically owned following the reported transaction represent the reporting person's pecuniary interest percentage.
Remarks:
/s/ M. Scott Welch by Joel D. Duthie, attorney-in-fact05/06/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did PATK director M. Scott Welch report?

Director M. Scott Welch reported open-market purchases of Patrick Industries Common Stock tied to indirect holdings. His spouse bought 10,000 shares, and an entity he controls bought 50 shares, both on May 5, 2026, at weighted average prices near $88.

How many Patrick Industries (PATK) shares did Welch’s spouse buy?

Welch’s spouse purchased 10,000 shares of Patrick Industries Common Stock at a weighted average price of $88.225 per share. Welch reports the transaction but disclaims beneficial ownership of these shares, meaning they are legally attributed to the spouse.

What is the role of the controlled entity in the PATK Form 4 filing?

An entity controlled by Welch purchased 50 shares of Patrick Industries at a weighted average price of $88.41. The filing states Welch has a pecuniary interest in this entity, and the 3,192 shares reported reflect only his economic interest, not all shares the entity holds.

How many Patrick Industries (PATK) shares does Welch hold after these transactions?

After the reported transactions, Welch directly owns 31,772 shares of Patrick Industries. He is also reported as indirectly holding 156,000 shares through his spouse and 3,192 shares through a controlled entity, based on his disclosed interests.

Were the PATK insider transactions open-market purchases or another type?

Both reportable transactions were open-market purchases of Patrick Industries Common Stock, coded “P” on the Form 4. One involved 10,000 shares bought by Welch’s spouse, and the other involved 50 shares purchased through an entity he controls.

What does ‘disclaims beneficial ownership’ mean in the PATK Form 4 footnotes?

“Disclaims beneficial ownership” means Welch does not claim full ownership rights over certain reported shares. For his spouse’s 10,000-share purchase, he disclaims beneficial ownership entirely, while for the controlled entity, only his pecuniary interest portion is reported as beneficially owned.