How is the new PATK share purchase by M. Scott Welch held?

The newly purchased 100 PATK shares are held indirectly through entities controlled by M. Scott Welch. The filing notes he has a pecuniary interest in this portion of the entities’ purchases, while disclaiming beneficial ownership of other shares those entities may have bought.

Patrick Industries (PATK) director adds 100 open-market shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

PATRICK INDUSTRIES INC director M. Scott Welch reported an open-market purchase of 100 shares of Common Stock at $89.44 per share. The trade on May 19, 2026 was made indirectly through entities he controls, in which he has a pecuniary interest.

Following this transaction, Welch’s indirect holdings through these entities total 3,292 shares. The filing also shows 33,366 shares held directly and 156,000 shares held indirectly by his spouse. The footnote states he disclaims beneficial ownership of other shares purchased by the controlled entities beyond the portion reported.

Insider Trade Summary

Net Buyer: 100 shares ($8,944)

Net Buy 3 txns

Insider WELCH M SCOTT

Role null

Bought 100 shs ($9K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	100	$89.44	$9K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,292 shares (Indirect, See footnote); Common Stock — 33,366 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares purchased: 100 shares Purchase price: $89.44 per share Indirect holdings via entities: 3,292 shares +2 more

5 metrics

Shares purchased 100 shares Open-market purchase on May 19, 2026

Purchase price $89.44 per share Open-market transaction for Common Stock

Indirect holdings via entities 3,292 shares Total indirect holdings through controlled entities after transaction

Direct holdings 33,366 shares Shares held directly after reported date

Spousal indirect holdings 156,000 shares Shares held indirectly by spouse after reported date

Key Terms

open-market purchase, indirect holdings, pecuniary interest, beneficial ownership

4 terms

open-market purchase financial

"reported an open-market purchase of 100 shares of Common Stock"

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.

indirect holdings financial

"entities associated with M. Scott Welch hold 3,292 shares indirectly"

pecuniary interest financial

"entities that are controlled by the reporting person in which the reporting person has a pecuniary interest"

beneficial ownership financial

"The reporting person disclaims beneficial ownership of other shares purchased by the entities"

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.

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 05:06 PM

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

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/19/2026		P		100	A	$89.44	3,292	I	See footnote⁽¹⁾
Common Stock								156,000	I	By Spouse
Common Stock								33,366	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects portion of the shares purchased through entities that are 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 entities.

Remarks:

	/s/ M. Scott Welch by Joel D. Duthie, attorney-in-fact	05/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PATRICK INDUSTRIES INC (PATK) report for M. Scott Welch?

PATRICK INDUSTRIES INC director M. Scott Welch reported buying 100 shares of Common Stock in an open-market trade at $89.44 per share on May 19, 2026. The transaction was executed indirectly through entities he controls, where he has a pecuniary interest.

At what price did M. Scott Welch buy PATK shares in the latest Form 4?

M. Scott Welch purchased PATK Common Stock at $89.44 per share in an open-market transaction for 100 shares. The shares are held indirectly through controlled entities, as disclosed in the filing, and represent an additional investment tied to his existing indirect ownership.

How many PATK shares does M. Scott Welch hold after this reported transaction?

After the reported trade, entities associated with M. Scott Welch hold 3,292 shares indirectly. The filing also lists 33,366 shares held directly and 156,000 shares held indirectly by his spouse, providing a snapshot of his combined direct and indirect ownership positions in PATK stock.

Does M. Scott Welch disclaim beneficial ownership of any PATK shares in this filing?

Yes. The footnote explains that while Welch has a pecuniary interest in the reported portion of shares bought through controlled entities, he disclaims beneficial ownership of other shares purchased by those entities. This clarifies which holdings are attributed to him for reporting purposes.