ROAD Form 4: Insider grants with tax surrenders at $115.01

Rhea-AI Filing Summary

Construction Partners, Inc. (ROAD): An officer (Senior Vice President, Legal) reported equity awards and tax-withholding share surrenders. On 10/17/2025, the filer received 1,970 shares of Class A common stock under the 2018 Equity Incentive Plan and 5,418 shares of Class B common stock under the 2024 Restricted Stock Plan, both at $0 per share and immediately vested. On 10/20/2025, the filer surrendered 1,970 Class A shares and 1,307 Class B shares to the issuer to satisfy taxes, using a value of $115.01 per share based on the 10/17/2025 Class A closing price.

Following these transactions, beneficial holdings were 25,254 Class A shares, 12,458 Class B shares, and 1,388 cash‑settled RSUs with time-based vesting through September 30, 2028. Each Class B share is convertible into one Class A share and carries 10 votes per share.

Insights

Equity compensation analyst

Routine insider equity grants with tax-withholding surrenders; neutral.

The filing lists immediately vested grants of 1,970 Class A shares and 5,418 Class B shares on 10/17/2025, followed by surrenders of 1,970 Class A and 1,307 Class B on 10/20/2025 to cover taxes at $115.01 per share. These are standard mechanics for equity compensation.

Post-transaction, the filer holds 25,254 Class A, 12,458 Class B, and 1,388 cash‑settled RSUs vesting through September 30, 2028. Class B carries higher voting power and is convertible 1:1 into Class A. The events do not indicate cash proceeds to the filer beyond compensation and are administrative in nature.

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^*

Brooks Judson Ryan

(Last) (First) (Middle)

290 HEALTHWEST DRIVE, SUITE 2

(Street)

DOTHAN AL 36303

(City) (State) (Zip)

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 Vice President, Legal

3. Date of Earliest Transaction (Month/Day/Year)
10/17/2025

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
Class A Common Stock	10/17/2025		A		1,970(1)	A	$0	27,224(2)	D
Class A Common Stock	10/20/2025		F		1,970(3)	D	$115.01	25,254(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	(4)	10/17/2025		A		5,418(5)		(4)	(4)	Class A Common Stock	5,418	$0	13,765	D
Class B Common Stock	(4)	10/20/2025		F			1,307(6)	(4)	(4)	Class A Common Stock	1,307	$115.01	12,458	D
Restricted Stock Units	(7)							(7)	(7)	Class A Common Stock	1,388		1,388(8)	D

Explanation of Responses:

1. The reported transaction represents a grant of immediately vested shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Incentive Plan").

2. Includes 2,204 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 1,385 shares on September 30, 2026, (ii) 569 shares on September 30, 2027, and (iii) 250 shares on September 30, 2028. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.

3. The reported transaction represents the surrender by the reporting person of shares of Class A common stock to the Issuer to satisfy tax withholding obligations upon the vesting of restricted shares of Class A common stock awarded to the reporting person under the Incentive Plan. Pursuant to the terms of the Incentive Plan and the applicable award agreements, the number of shares surrendered was determined using a value of $115.01 per share, the closing price for a share of Class A common stock on October 17, 2025, the vesting date.

4. Each share of Class B common stock, $0.001 par value, of the Issuer ("Class B common stock") 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.

5. The reported transaction represents a grant of immediately vested shares of Class B common stock under the Construction Partners, Inc. 2024 Restricted Stock Plan (the "Restricted Stock Plan").

6. The reported transaction represents the surrender by the reporting person of shares of Class B common stock to the Issuer to satisfy tax withholding obligations upon the vesting of restricted shares of Class B common stock awarded to the reporting person under the Restricted Stock Plan. Pursuant to the terms of the Restricted Stock Plan and the applicable award agreement, the number of shares surrendered was determined using a value of $115.01 per share, determined by reference to the closing price for a share of Class A common stock on October 17, 2025, the vesting date.

7. Each restricted stock unit ("RSU") represents a contingent right to receive cash in an amount equal to the value of one share of Class A common stock on the applicable vesting date. The restricted stock units do not expire.

8. Includes 1,388 cash-settled RSUs with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 569 RSUs on September 30, 2026, (ii) 569 RSUs on September 30, 2027, and (iii) 250 RSUs on September 30, 2028.

Remarks:

	/s/ Judson Ryan Brooks	10/21/2025
	** 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.
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FAQ

What insider transactions did ROAD report in this Form 4?

An officer received 1,970 Class A and 5,418 Class B shares on 10/17/2025, then surrendered 1,970 Class A and 1,307 Class B on 10/20/2025 for taxes.

What prices were used for the tax-withholding surrenders for ROAD?

Both surrenders used $115.01 per share, referencing the Class A closing price on 10/17/2025.

What are the insider’s holdings in ROAD after the reported transactions?

Post-transaction holdings were 25,254 Class A shares, 12,458 Class B shares, and 1,388 cash‑settled RSUs.

How do ROAD’s Class B shares differ from Class A shares?

Each Class B share converts 1:1 into Class A and carries 10 votes per share versus 1 vote for Class A; Class B does not expire.

When do the reported ROAD RSUs vest?

Cash‑settled RSUs vest 569 on September 30, 2026, 569 on September 30, 2027, and 250 on September 30, 2028.

Was a Rule 10b5-1 trading plan indicated for these ROAD transactions?

The form includes a 10b5‑1 checkbox, but the excerpt does not show it marked for these transactions.