Construction Partners officer acquires 55 shares

Construction Partners, Inc. Senior VP of Personnel and Administration Robert G. Baugnon acquired 55 shares of Class A common stock on April 2, 2026 at $92.27 per share through the company’s Employee Stock Purchase Plan.

Rhea-AI Filing Summary

Construction Partners, Inc. Senior VP of Personnel and Administration Robert G. Baugnon acquired 55 shares of Class A common stock on April 2, 2026 at $92.27 per share through the company’s Employee Stock Purchase Plan. After this transaction, he directly holds 24,602 shares.

This total includes 4,839 restricted shares with time-based vesting: 2,149 shares on September 30, 2026, 1,476 shares on September 30, 2027, 857 shares on September 30, 2028 and 357 shares on September 30, 2029, over which he has sole voting power.

Insider Trade Summary

Grant/Award: 55 shares

Grant/Award 1 txn

Insider Baugnon Robert G

Role Senior VP, Personnel and Admin

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	55	$92.27	$5K

Holdings After Transaction: Class A Common Stock — 24,602 shares (Direct)

Footnotes (2)

1. F1. The reported transaction represents the purchase of shares of Class A common stock, par value $0.001 ("Class A common stock") of Construction Partners, Inc. (the "Issuer") by the reporting person pursuant to the Construction Partners, Inc. Employee Stock Purchase Plan.
2. F2. Includes 4,839 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Construction Partners, Inc. 2018 Equity Incentive Plan that vest as follows: (i) 2,149 shares on September 30, 2026, (ii) 1,476 shares on September 30, 2027, (iii) 857 shares on September 30, 2028 and (iv) 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.

Key Figures

Shares acquired: 55 shares Acquisition price: $92.27 per share Total direct holdings: 24,602 shares +5 more

8 metrics

Shares acquired 55 shares Class A Common Stock acquired on April 2, 2026

Acquisition price $92.27 per share Price for 55 Class A shares under Employee Stock Purchase Plan

Total direct holdings 24,602 shares Class A shares held directly after the reported transaction

Restricted shares total 4,839 shares Time-based restricted Class A shares under 2018 Equity Incentive Plan

2026 vesting tranche 2,149 shares Restricted shares vesting on September 30, 2026

2027 vesting tranche 1,476 shares Restricted shares vesting on September 30, 2027

2028 vesting tranche 857 shares Restricted shares vesting on September 30, 2028

2029 vesting tranche 357 shares Restricted shares vesting on September 30, 2029

Key Terms

Employee Stock Purchase Plan, restricted shares, time-based vesting criteria, 2018 Equity Incentive Plan, +1 more

5 terms

Employee Stock Purchase Plan financial

"purchase of shares ... by the reporting person pursuant to the Construction Partners, Inc. Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

restricted shares financial

"Includes 4,839 restricted shares of Class A common stock with time-based vesting criteria"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

time-based vesting criteria financial

"restricted shares of Class A common stock with time-based vesting criteria previously granted"

2018 Equity Incentive Plan financial

"previously granted under the Construction Partners, Inc. 2018 Equity Incentive Plan"

sole voting power financial

"Under the terms of the respective award agreements, the reporting person has sole voting power"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

FAQ

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

What insider transaction did ROAD executive Robert G. Baugnon report?

Robert G. Baugnon reported acquiring 55 shares of Construction Partners Class A common stock. The shares were obtained on April 2, 2026 through the company’s Employee Stock Purchase Plan, reflecting a routine, compensation-related increase in his direct equity holdings rather than an open-market purchase.

At what price did Robert G. Baugnon acquire ROAD shares in this filing?

He acquired the 55 Class A shares at $92.27 per share. The transaction was executed under Construction Partners’ Employee Stock Purchase Plan, indicating participation in an established employee ownership program instead of a discretionary open-market trade by the executive.

How many Construction Partners (ROAD) shares does Baugnon hold after this transaction?

Following the April 2, 2026 acquisition, Baugnon directly holds 24,602 Class A shares. This figure includes both unrestricted and restricted stock, giving a snapshot of his total direct equity stake in Construction Partners at that time based on the reported Form 4 data.

What restricted stock awards does ROAD executive Baugnon currently have?

He holds 4,839 restricted Class A shares with time-based vesting. These vest in tranches: 2,149 on September 30, 2026, 1,476 on September 30, 2027, 857 on September 30, 2028, and 357 on September 30, 2029, under the 2018 Equity Incentive Plan.

Through which plan did Baugnon acquire the new ROAD shares?

The 55 newly acquired shares were purchased under Construction Partners’ Employee Stock Purchase Plan. This plan allows eligible employees to buy company stock, and the filing notes the transaction specifically occurred pursuant to that program rather than through a standard market purchase.

Does Baugnon have voting power over his restricted ROAD shares?

Yes, he has sole voting power over the 4,839 restricted Class A shares. Although these awards are subject to time-based vesting conditions through 2029, the award agreements grant him full voting rights on those shares while they remain unvested.

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

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Accepted by SEC EDGAR 04/06/2026 - 06:13 PM 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)
04/02/2026

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	04/02/2026		A(1)		55	A	$92.27	24,602(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

Explanation of Responses:

1. The reported transaction represents the purchase of shares of Class A common stock, par value $0.001 ("Class A common stock") of Construction Partners, Inc. (the "Issuer") by the reporting person pursuant to the Construction Partners, Inc. Employee Stock Purchase Plan.

2. Includes 4,839 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Construction Partners, Inc. 2018 Equity Incentive Plan that vest as follows: (i) 2,149 shares on September 30, 2026, (ii) 1,476 shares on September 30, 2027, (iii) 857 shares on September 30, 2028 and (iv) 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.

Remarks:

	/s/ Robert G. Baugnon	04/06/2026
	** 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)