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Smith Douglas Homes (SDHC) insider awarded 133,717 RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bennett Gregory S reported acquisition or exercise transactions in this Form 4 filing.

Smith Douglas Homes Corp. reported that insider Gregory S. Bennett received a grant of 133,717 shares of Class A Common Stock as a restricted stock unit award at a price of $0.00 per share. Following this grant, he directly holds 230,757 shares.

The footnotes explain that each RSU represents one share of Class A Common Stock and that the RSUs vest in three equal installments on each of the first three anniversaries of March 13, 2026, subject to continued employment. A prior Form 4 had incorrectly shown GSB Holdings LLC as indirectly holding shares; the correction states GSB Holdings holds no Class A shares.

Positive

  • None.

Negative

  • None.
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*
Bennett Gregory S

(Last) (First) (Middle)
110 VILLAGE TRAIL, SUITE 215

(Street)
WOODSTOCK GA 30188

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Smith Douglas Homes Corp. [ SDHC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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 03/13/2026 A 133,717(1) A $0 230,757(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
1. Name and Address of Reporting Person*
Bennett Gregory S

(Last) (First) (Middle)
110 VILLAGE TRAIL, SUITE 215

(Street)
WOODSTOCK GA 30188

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
X Officer (give title below) Other (specify below)
See Remarks
1. Name and Address of Reporting Person*
GSB Holdings LLC /GA

(Last) (First) (Middle)
110 VILLAGE TRAIL, SUITE 215

(Street)
WOODSTOCK GA 30188

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Represents an award of restricted stock units (the "RSUs"), each of which represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest as to one third (1/3rd) of the shares of Class A Common Stock underlying the RSUs on each of the first three anniversaries of March 13, 2026, subject to the grantee's continued employment through the applicable vesting date.
2. A prior Form 4 filed on March 24, 2025 incorrectly reported 243,589 shares of Class A Common Stock indirectly held by GSB Holdings LLC ("GSB Holdings"). GSB Holdings does not hold any shares of Class A Common Stock.
Remarks:
President, Chief Executive Officer & Vice Chairman
/s/ Brett A. Steele, Attorney-in-Fact for Gregory S. Bennett 03/17/2026
By: /s/ Brett A. Steele, Attorney-in-Fact for Gregory S. Bennett, sole member and manager 03/17/2026
** 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.

FAQ

What insider transaction did Smith Douglas Homes (SDHC) report on this Form 4?

Smith Douglas Homes reported that insider Gregory S. Bennett received a grant of 133,717 restricted stock units of Class A Common Stock at $0.00 per share. This is a compensation-related award, not an open-market purchase or sale, and increases his direct share holdings.

How many Smith Douglas Homes (SDHC) shares does Gregory S. Bennett hold after the RSU grant?

After the restricted stock unit grant, Gregory S. Bennett directly holds 230,757 shares of Smith Douglas Homes Class A Common Stock. This figure reflects his position immediately following the award reported in the Form 4 and helps show the scale of the grant relative to his total holdings.

How do the Smith Douglas Homes (SDHC) RSUs granted to Gregory S. Bennett vest?

The RSUs granted to Gregory S. Bennett vest in three equal installments. One third of the Class A Common Stock underlying the RSUs vests on each of the first three anniversaries of March 13, 2026, conditioned on his continued employment through each applicable vesting date.

Was there a correction related to GSB Holdings LLC in this Smith Douglas Homes (SDHC) filing?

Yes. A footnote explains that a prior Form 4 incorrectly reported 243,589 Class A shares as indirectly held by GSB Holdings LLC. The correction clarifies that GSB Holdings LLC does not hold any shares of Smith Douglas Homes Class A Common Stock, updating the previously reported ownership.

Is the Smith Douglas Homes (SDHC) Form 4 transaction a market buy or sell?

No. The Form 4 describes a grant coded as an “A” transaction, meaning a grant, award, or other acquisition. The 133,717 RSUs were awarded at $0.00 per share as compensation, so there was no open-market buying or selling activity in this particular filing.
SMITH DOUGLAS HOMES CORP

NYSE:SDHC

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Real Estate - Development
Operative Builders
United States
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