Smith Douglas Homes: 12 West discloses 5.9% passive stake

Rhea-AI Filing Summary

Smith Douglas Homes (SDHC): 12 West Capital Management LP and Joel Ramin filed Amendment No. 1 to Schedule 13G reporting beneficial ownership of 535,140 shares of Class A common stock, representing 5.9% of the class as of the reporting date. The filing lists shared voting and dispositive power over 535,140 shares and no sole voting or dispositive power. The date of event triggering the filing is 09/30/2025.

The percentage was calculated using 9,017,152 shares outstanding as of August 1, 2025, as disclosed in the company’s Form 10‑Q. The filers certified the holdings were not acquired and are not held for the purpose of changing or influencing control, consistent with a passive 13G filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Smith Douglas Homes Corp.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

83207R107

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 83207R107

1

Names of Reporting Persons

12 West Capital Management LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 535,140.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 535,140.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

535,140.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.9 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP No. 83207R107

1

Names of Reporting Persons

Joel Ramin

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 535,140.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 535,140.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

535,140.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.9 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Smith Douglas Homes Corp.
(b)	Address of issuer's principal executive offices: 110 Village Trail, Suite 215, Woodstock, GA 30188
Item 2.
(a)	Name of person filing: This statement is filed by: (i) 12 West Capital Management LP ("12 West Management"), a Delaware limited partnership, and the investment manager to 12 West Capital Fund LP, a Delaware limited partnership and 12 West Capital Offshore Fund LP, a Cayman Islands exempted limited partnership ("12 West Funds"), with respect to the shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock") of Smith Douglas Homes Corp. (the "Company") directly held by the 12 West Funds; and (ii) Mr. Joel Ramin ("Mr. Ramin"), the managing member of 12 West Capital Management, LLC, the general partner of 12 West Management, with respect to the shares of Class A Common Stock directly held by the 12 West Funds. The foregoing persons are hereinafter sometimes each referred to as a "Reporting Person" and collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any Reporting Person is, for purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of the Reporting Persons is 475 Tenth Avenue, 14th Floor, New York, NY 10018.
(c)	Citizenship: 12 West Management is a Delaware limited partnership. Mr. Ramin is a United States citizen.
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 83207R107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 9,017,152, shares of Class A Common Stock outstanding as of August 1, 2025, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, filed with the Securities and Exchange Commission on August 6, 2025.
(b)	Percent of class: 5.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 2(a). The 12 West Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Class A Common Stock reported herein.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

12 West Capital Management LP

Signature:	/s/ Joel Ramin
Name/Title:	By: 12 West Capital Management, LLC, General Partner, By: Joel Ramin, Managing Member
Date:	11/14/2025

Joel Ramin

Signature:	/s/ Joel Ramin
Name/Title:	Joel Ramin, Individually
Date:	11/14/2025

FAQ

What did 12 West disclose about SDHC in this Schedule 13G/A?

They reported beneficial ownership of 535,140 shares of Smith Douglas Homes’ Class A common stock, equal to 5.9% of the class.

How was the 5.9% stake in SDHC calculated?

The percentage is based on 9,017,152 shares outstanding as of August 1, 2025, cited from the company’s Form 10‑Q.

Who are the reporting persons in the SDHC 13G/A filing?

The filing lists 12 West Capital Management LP and Joel Ramin as reporting persons.

What voting and dispositive powers did the filers report for SDHC?

They reported shared voting power: 535,140; shared dispositive power: 535,140; and no sole power to vote or dispose.

Is the SDHC stake reported as passive or for control purposes?

The certification states the securities were not acquired and are not held to change or influence control, indicating a passive filing.

What is the date of the event requiring the SDHC filing?

The filing lists 09/30/2025 as the date of the event.

Where are the reporting persons based?

Their principal business office is 475 Tenth Avenue, 14th Floor, New York, NY 10018.