Construction Partners VP surrenders 895 shares for taxes

The reported post-transaction holdings include Class A shares vesting through 2029 and restricted Class B shares scheduled to vest in 2030.

Rhea-AI Filing Summary

Construction Partners, Inc. (ROAD) reported that Senior VP, Personnel and Admin Robert G. Baugnon surrendered 895 Class A common shares to the company on October 2, 2026, to satisfy tax withholding obligations upon vesting of previously awarded restricted shares. The shares were valued at $90.03 each, using the September 30, 2026 closing price, which was the vesting-date price. Baugnon directly held 23,760 Class A shares afterward, including 2,690 restricted shares scheduled to vest through September 30, 2029. He also directly held 40,000 restricted Class B shares, convertible one-for-one into Class A shares and scheduled to vest in a single tranche on September 30, 2030, subject to continued service. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Tax Withholding: 895 shares

Tax Withholding 2 txns

Insider Baugnon Robert G

Role Senior VP, Personnel and Admin

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock F1, F2	895	$90.03	$81K
holding	Class B Common Stock F3, F4	--	--	--

Holdings After Transaction: Class A Common Stock — 23,760 shares (Direct); Class B Common Stock — 40,000 contracts (Direct)

Footnotes (4)

1. F1. The reported transaction represents the surrender by the reporting person of shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") to the Issuer to satisfy tax withholding obligations upon the vesting of restricted shares of Class A common stock previously awarded to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Incentive Plan"). Pursuant to the terms of the Incentive Plan and the applicable award agreement, the number of shares surrendered was determined using a value of $90.03 per share, the closing price for a share of Class A common stock on September 30, 2026, the vesting date.
2. F2. Includes 2,690 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 1,476 shares on September 30, 2027, (ii) 857 shares on September 30, 2028, and (iii) 357 shares on September 30, 2029. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.
3. F3. Each share of Class B common stock, $0.001 par value ("Class B common stock"), of the Issuer is convertible into one share of Class A common stock (i) at any time at the option of the holder or (ii) upon any transfer, except for certain transfers described in the Issuer's amended and restated certificate of incorporation. In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B common stock, all outstanding shares of Class B common stock will be converted into shares of Class A common stock. The holders of Class A common stock and Class B common stock vote as a single class on all matters submitted to a vote of stockholders. The holders of Class A common stock are entitled to one vote per share, and the holders of the Class B common stock are entitled to 10 votes per share. The shares of Class B common stock do not expire.
4. F4. Includes 40,000 restricted shares of Class B common stock with time-based vesting criteria previously granted to the reporting person under the Construction Partners, Inc. 2024 Restricted Stock Plan that vest as a single tranche on September 30, 2030, subject to the reporting person's continued service with the Issuer through such date.

Key Figures

Class A shares surrendered: 895 shares Per-share valuation: $90.03 per share Class A shares held after transaction: 23,760 shares +3 more

6 metrics

Class A shares surrendered 895 shares Surrendered for tax withholding on October 2, 2026

Per-share valuation $90.03 per share Closing price on September 30, 2026, used to determine the shares surrendered

Class A shares held after transaction 23,760 shares Direct holdings following the October 2, 2026 transaction

Restricted Class A shares 2,690 shares Included in the reported Class A holdings; scheduled to vest through September 30, 2029

Restricted Class B shares 40,000 shares Direct holdings scheduled to vest in a single tranche on September 30, 2030, subject to continued service

Underlying Class A shares 40,000 shares Class B shares are convertible one-for-one into Class A shares

Key Terms

tax withholding obligations, time-based vesting criteria, single tranche, convertible

4 terms

tax withholding obligations financial

"to satisfy tax withholding obligations upon the vesting"

time-based vesting criteria technical

"restricted shares with time-based vesting criteria"

single tranche financial

"vest as a single tranche on September 30, 2030"

convertible financial

"Each share of Class B common stock is convertible into one share"

A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many ROAD shares did Robert G. Baugnon surrender for tax withholding?

Robert G. Baugnon surrendered 895 Class A shares to Construction Partners on October 2, 2026, to satisfy tax withholding obligations upon vesting. The shares were valued at $90.03 each, using the September 30, 2026 closing price, which the footnote identifies as the vesting-date price. No Rule 10b5-1 plan is reported.

What shares did Robert G. Baugnon hold after the ROAD transaction?

After the transaction, Robert G. Baugnon directly held 23,760 Class A shares, including 2,690 restricted shares scheduled to vest 1,476 on September 30, 2027, 857 on September 30, 2028, and 357 on September 30, 2029. He also directly held 40,000 restricted Class B shares scheduled to vest on September 30, 2030, subject to continued service.

What rights attach to ROAD Class B shares?

Each Class B share is convertible into one Class A share at the holder’s option or upon transfer, except for certain transfers described in the company’s amended and restated certificate of incorporation. Holders of a majority of outstanding Class B shares may elect to convert all outstanding Class B shares. The classes vote as a single class; Class B carries 10 votes per share and Class A carries one.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/06/2026 - 09:13 AM Accepted by SEC EDGAR 10/06/2026 - 09:13 AM Learn about SEC filing dates

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^*

Baugnon Robert G

(Last) (First) (Middle)

290 HEALTHWEST DRIVE, SUITE 2

(Street)

DOTHAN ALABAMA 36303

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Construction Partners, Inc. [ ROAD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP, Personnel and Admin

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2026

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	10/02/2026		F		895(1)	D	$90.03(1)	23,760(2)	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
Class B Common Stock	(3)							(3)	(3)	Class A Common Stock	40,000(4)		40,000	D

Explanation of Responses:

1. The reported transaction represents the surrender by the reporting person of shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") to the Issuer to satisfy tax withholding obligations upon the vesting of restricted shares of Class A common stock previously awarded to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Incentive Plan"). Pursuant to the terms of the Incentive Plan and the applicable award agreement, the number of shares surrendered was determined using a value of $90.03 per share, the closing price for a share of Class A common stock on September 30, 2026, the vesting date.

2. Includes 2,690 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 1,476 shares on September 30, 2027, (ii) 857 shares on September 30, 2028, and (iii) 357 shares on September 30, 2029. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.

3. Each share of Class B common stock, $0.001 par value ("Class B common stock"), of the Issuer is convertible into one share of Class A common stock (i) at any time at the option of the holder or (ii) upon any transfer, except for certain transfers described in the Issuer's amended and restated certificate of incorporation. In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B common stock, all outstanding shares of Class B common stock will be converted into shares of Class A common stock. The holders of Class A common stock and Class B common stock vote as a single class on all matters submitted to a vote of stockholders. The holders of Class A common stock are entitled to one vote per share, and the holders of the Class B common stock are entitled to 10 votes per share. The shares of Class B common stock do not expire.

4. Includes 40,000 restricted shares of Class B common stock with time-based vesting criteria previously granted to the reporting person under the Construction Partners, Inc. 2024 Restricted Stock Plan that vest as a single tranche on September 30, 2030, subject to the reporting person's continued service with the Issuer through such date.

Remarks:

	/s/ Robert G. Baugnon	10/06/2026
	** 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)