Patrick Industries insider Joel Duthie reports 450‑share gift; Form 4 filed

Rhea-AI Filing Summary

Joel D. Duthie, Chief Legal Officer/Secretary and director at Patrick Industries (PATK), reported a gift of common stock on 08/15/2025. The Form 4 shows a code "G" transaction for 450 shares of common stock, reported as a disposition at a $0 price, described in the filing as shares "gifted by the reporting person." After the transaction the reporting person beneficially owned 39,098 shares, held in a direct ownership form. The filing is signed and dated 08/18/2025.

Positive

• Timely disclosure of insider transfer via a signed Form 4 filed and dated 08/18/2025
• Clear description that the 450 shares were a gift, with post‑transaction beneficial ownership reported (39,098 shares)

Negative

• Insider disposition of 450 shares (gift) reduced the reporting person’s holdings from prior level by 450 shares
• Transaction reported at $0, indicating transfer without sale proceeds (gift), which may be relevant for ownership tracking

Insights

Financial Analyst

TL;DR: Insider reported a small, zero‑price gift of 450 shares, leaving 39,098 shares held directly — routine insider activity, likely immaterial.

The Form 4 documents a non‑market disposition coded "G" dated 08/15/2025 where 450 common shares were gifted by Joel D. Duthie. The filing lists the transaction price as $0 and shows 39,098 shares beneficially owned thereafter, with direct ownership. No derivatives or other transactions are reported. From a financial perspective, the transaction is a transfer rather than a sale, and the absolute size disclosed (450 shares) is small relative to the remaining holding reported in the form.

Corporate Governance Expert

TL;DR: Gift of shares by a named officer/director was timely disclosed on Form 4 and documented with required signature — disclosure protocol followed.

The submission follows Section 16 reporting conventions: it identifies the reporting person, relationship to issuer, transaction code, post‑transaction ownership, and contains a manual signature dated 08/18/2025. The description explicitly states the shares were "gifted by the reporting person," and the Form does not indicate any derivative holdings or additional related party arrangements. This filing appears to satisfy the basic disclosure obligations for insider transfers.

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

OMB APPROVAL

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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^*

Duthie Joel D

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer/Secretary

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		G		450(1)	D	$0	39,098	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/ Joel D. Duthie	08/18/2025
	** 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 Joel D. Duthie report in the Form 4 for PATK?

The Form 4 reports a gift of 450 shares of Patrick Industries common stock on 08/15/2025, coded "G", with a $0 price.

How many Patrick Industries shares does the reporting person own after the reported transaction?

The filing shows the reporting person beneficially owned 39,098 shares following the transaction, held directly.

What relationship does the reporting person have to PATK?

Joel D. Duthie is identified as a Director and an Officer with the title Chief Legal Officer/Secretary.

When was the Form 4 signed?

The Form 4 bears the reporting person’s signature dated 08/18/2025.

Does the Form 4 show any derivative securities or option exercises?

No. Table II for derivative securities contains no reported transactions or holdings in this filing.