Schedule 13G/A: Wasatch Holds 1,279,357 Shares of SDHC

Rhea-AI Filing Summary

Wasatch Advisors LP reports beneficial ownership of 1,279,357 shares of Smith Douglas Homes common stock, representing 14.2% of the class. Wasatch discloses sole voting power with respect to 915,334 shares and sole dispositive power over all 1,279,357 shares. The filing states the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control, indicating a passive investment position rather than an active control effort.

This Schedule 13G/A is a regulatory disclosure of a material ownership stake rather than an operational development. The position size is large enough to be meaningful to shareholders because it concentrates voting power in a substantial block while leaving dispositive authority with the reporting adviser.

Positive

• Material ownership disclosed: Wasatch Advisors LP beneficially owns 1,279,357 shares (14.2%) of Smith Douglas Homes common stock.
• Clear voting and dispositive authority: The filer reports sole voting power for 915,334 shares and sole dispositive power for 1,279,357 shares.

Negative

• None.

Insights

Financial Analyst

TL;DR: A material passive stake disclosed: 1,279,357 shares, 14.2% of the class, with substantial sole voting power on part of the position.

The filing shows Wasatch Advisors LP holds a sizable position in Smith Douglas Homes that exceeds 10% of the outstanding class, a level that is likely to draw attention from market participants. Because the filer certified the securities are held in the ordinary course and not to influence control, this is a passive disclosure under Schedule 13G rather than an active acquisition under Schedule 13D. Key metrics: 1,279,357 shares (14.2%), 915,334 shares sole voting power. For investors, the disclosure signals concentrated ownership but no stated intent to pursue governance changes.

Corporate Governance Expert

TL;DR: Significant ownership disclosed but explicitly passive; no declared intent to alter control or governance.

The report is material from a governance perspective because a single institutional holder controls voting for a large block of shares while retaining dispositive power over the entire stake. The filer’s certification that the position is not intended to influence control is important and classifies the disclosure as non-hostile under regulatory standards. This reduces immediate governance risk, but the ownership concentration is still relevant to shareholder dynamics and proxy voting outcomes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Smith Douglas Homes Corp.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

83207R107

(CUSIP Number)

06/30/2025

(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

WASATCH ADVISORS 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 915,334.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,279,357.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,279,357.00

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)

14.2 %

12

Type of Reporting Person (See Instructions)

IA

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, 110 VILLAGE TRAIL, SUITE 215, WOODSTOCK, GEORGIA, 30188.
Item 2.
(a)	Name of person filing: Wasatch Advisors LP
(b)	Address or principal business office or, if none, residence: 505 Wakara Way, 3rd Floor, Salt Lake City, 84108, United States
(c)	Citizenship: DELAWARE
(d)	Title of class of securities: Common Stock
(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: 1,279,357
(b)	Percent of class: 14.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 915,334
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,279,357
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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 acquired and are held in the ordinary course of business and 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.

WASATCH ADVISORS LP

Signature:	Mike Yeates
Name/Title:	CEO
Date:	08/13/2025

FAQ

How many shares of SDHC does Wasatch Advisors LP report owning?

Wasatch Advisors LP reports beneficial ownership of 1,279,357 shares of Smith Douglas Homes common stock.

What percentage of Smith Douglas Homes does Wasatch Advisors' stake represent?

The filing states the position represents 14.2% of the class.

How much voting power does Wasatch Advisors report for SDHC shares?

Wasatch reports sole voting power for 915,334 shares and no shared voting power.

Does the Schedule 13G/A indicate Wasatch intends to influence control of SDHC?

No. The filer certified the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control.

Is this filing a Schedule 13G or 13D and why does that matter for investors?

This is a Schedule 13G/A disclosure, which typically signals a passive investor position rather than an active attempt to acquire control, reducing immediate governance concerns.