How is the new Patrick Industries (PATK) share purchase by M. Scott Welch held?

The 10,000 shares were reported as indirectly owned, listed as held "By Spouse" in the filing. A footnote explains that a portion was purchased through entities Welch controls, and he disclaims beneficial ownership of other shares bought by those entities.

Patrick Industries (PATK) director adds 10,000 shares in open-market buy

Filing Impact

(High)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Patrick Industries Inc. director M. Scott Welch reported an open-market purchase of 10,000 shares of Common Stock at a weighted-average price of $113.6821 per share on behalf of his spouse. The shares were bought in multiple trades at prices ranging from $113.46 to $113.885.

Following this transaction, indirect holdings reported as owned by his spouse total 146,000 shares of Patrick Industries, while his direct ownership is 31,772 shares and other indirect holdings total 3,142 shares. The filing notes that part of the purchased shares were acquired through entities controlled by Welch, and he disclaims beneficial ownership of other shares purchased by those entities.

Insider Trade Summary

Net Buyer: 10,000 shares ($1,136,821)

Net Buy 3 txns

Insider WELCH M SCOTT

Role Director

Bought 10,000 shs ($1.14M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,000	$113.6821	$1.14M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 146,000 shares (Indirect, By Spouse); Common Stock — 31,772 shares (Direct)

Footnotes (1)

The price quoted in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $113.46 to $113.885, 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 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.

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Form 4 Insider Transactions: What Each Field Means →

03/12/2026 - 08:57 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

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)
03/12/2026

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)
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	03/12/2026		P		10,000	A	$113.6821⁽¹⁾	146,000	I	By Spouse
Common Stock								31,772	D
Common Stock								3,142	I	See footnote⁽²⁾

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. The price quoted in column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $113.46 to $113.885, 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.

2. 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	03/12/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Patrick Industries (PATK) disclose for M. Scott Welch?

Patrick Industries reported that director M. Scott Welch made an open-market purchase of 10,000 shares of Common Stock. The weighted-average purchase price was $113.6821 per share, with trades executed across a narrow price range on the same date.

At what prices did M. Scott Welch buy Patrick Industries (PATK) shares?

The filing states Welch’s reported 10,000-share purchase had a weighted-average price of $113.6821 per share. The individual trades were executed at prices ranging from $113.46 to $113.885 per share, all within that disclosed range.

How many Patrick Industries (PATK) shares does M. Scott Welch own after this transaction?

After the reported purchase, Welch’s indirect holdings through his spouse total 146,000 shares. He also reports 31,772 shares held directly and 3,142 shares held indirectly through other arrangements referenced in a footnote to the filing.

Was M. Scott Welch’s Patrick Industries (PATK) trade a buy or a sell?

The transaction is classified as an open-market purchase of 10,000 Patrick Industries shares. The filing’s transaction code is "P," and the normalized data label it as a buy, with no reported share sales on the same date.