Patrick Industries Insider Sale: Nemeth Disposes of 25,000 PATK Shares
Rhea-AI Filing Summary
Patrick Industries insider sale by CEO/director Andy L. Nemeth. The Form 4 reports that on 08/13/2025 Nemeth sold a total of 25,000 shares of Patrick Industries, Inc. (PATK) in two transactions: 20,000 shares sold at $110.00 per share and 5,000 shares sold at a weighted average price of $113.3854 per share (sales occurred across prices ranging from $113.29 to $113.68). Following the transactions, Nemeth beneficially owned 328,641 shares directly, down from 333,641 shares before the sales. The Form is signed on behalf of Nemeth by an attorney-in-fact and contains a footnote offering to provide detailed per-trade pricing on request.
Positive
- Transparent disclosure of sale prices including a weighted-average price and an offer to provide per-trade breakdown
- Form filed by one reporting person and signed (via attorney-in-fact), indicating procedural compliance
Negative
- None.
Insights
TL;DR: CEO sold 25,000 PATK shares in routine transactions, reducing direct holdings by ~7,000 shares.
The Form 4 discloses an 08/13/2025 disposition of 25,000 common shares by Andy L. Nemeth, who is listed as both Chief Executive Officer and a director. The sales occurred in two reported tranches and reduced direct beneficial ownership from 333,641 to 328,641 shares. The filing includes a weighted-average price disclosure and an offer to supply per-trade detail, suggesting compliance with reporting norms. There are no derivatives, option exercises, or new grants reported. From a governance perspective, this is a straightforward insider sale with transparent pricing information provided in the footnote.
TL;DR: Insider sale is documented clearly; transaction size is modest relative to reported holdings.
Nemeth executed two sell transactions on the same date for a total of 25,000 shares at prices of $110.00 and a weighted average of $113.3854 (range $113.29–$113.68). The residual direct ownership of 328,641 shares remains substantial. The filing does not disclose any associated derivative activity or a 10b5-1 plan checkbox, and no other material events are reported. This is a routine disclosure of beneficial ownership change consistent with Section 16 reporting requirements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,000 | $110.00 | $2.20M |
| Sale | Common Stock | 5,000 | $113.3854 | $567K |
Footnotes (1)
- F1. The price quoted in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.29 to $113.68, 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 sold at each separate price within the price range set forth in this footnote.
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