Patrick Industries (PATK) director adds to stake with open-market buy

Rhea-AI Filing Summary

Patrick Industries director M. Scott Welch made a small open-market purchase of 50 shares of common stock at $116.40 per share through an entity he controls. A footnote explains that only his pecuniary interest in that entity’s holdings is reported, totaling 3,142 indirectly held shares after the trade.

In addition, he reports 136,000 shares indirectly held through his spouse and 31,772 shares held directly, giving investors a clearer picture of his overall economic exposure to Patrick Industries.

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^*

WELCH M SCOTT

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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	03/06/2026		P		50	A	$116.4	3,142	I	See footnote(1)
Common Stock								136,000	I	By Spouse
Common Stock								31,772	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. 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 beneficially owned following the reported transaction represent the reporting person's pecuniary interest percentage.

Remarks:

	/s/ M. Scott Welch by Joel D. Duthie, attorney-in-fact	03/10/2026
	** 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 M. Scott Welch report in his latest Form 4 for PATK?

Director M. Scott Welch reported an open-market purchase of 50 shares of Patrick Industries common stock at $116.40 per share, made through an entity he controls. The filing also updates his direct and indirect ownership totals after this transaction.

Was the Patrick Industries (PATK) Form 4 transaction a buy or a sell?

The Form 4 shows a buy transaction. Welch executed an open-market purchase of 50 shares of Patrick Industries common stock at $116.40 per share, increasing his economic exposure to the company through an indirectly controlled entity.

How many Patrick Industries shares does M. Scott Welch hold after this Form 4?

After the reported transaction, Welch has 3,142 shares indirectly via the controlled entity, 136,000 shares indirectly through his spouse, and 31,772 shares held directly. These amounts reflect his reported pecuniary interest and overall ownership position in Patrick Industries.

How is the indirect ownership by M. Scott Welch in PATK structured?

The purchased shares were acquired through an entity controlled by Welch, where he has a pecuniary interest. A footnote states he disclaims beneficial ownership of other shares bought by that entity, and only his pecuniary interest portion, totaling 3,142 shares, is reported.

What does the spouse ownership entry mean in the Patrick Industries Form 4?

The Form 4 lists 136,000 shares of Patrick Industries common stock held indirectly by Welch’s spouse. This indicates an additional indirect economic interest attributed to him, separate from his directly held shares and those held via the controlled entity.