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Smith Douglas Homes Corp. director Neil B. Wedewer reported an open-market purchase of 700 shares of Class A Common Stock at
Steele Brett Allen reported acquisition or exercise transactions in this Form 4 filing.
Smith Douglas Homes Corp. reported that officer Brett Allen Steele received a grant of 10,817 shares of Class A Common Stock in the form of restricted stock units. The award was granted at no cash cost to him as equity-based compensation.
Each restricted stock unit represents one share of Class A Common Stock. The units vest in three equal installments, with one third of the award vesting on each of the first three anniversaries of March 13, 2026, as long as he remains employed through each vesting date. After this grant, he holds 35,027 shares directly.
Smith Douglas Homes Corp. officer Russell Devendorf reported acquiring additional equity in the company. He bought 1,000 shares of Class A Common Stock in an open‑market purchase at $11.56 per share.
He also received an award of 29,715 restricted stock units (RSUs), each representing a contingent right to one share of Class A Common Stock. The RSUs vest in three equal annual installments on each of the first three anniversaries of March 13, 2026, subject to his continued employment. Following these transactions, he directly holds 316,643 shares of Class A Common Stock.
Smith Douglas Homes Corp. director and 10% owner Thomas L. Bradbury bought 22,618 shares of Class A Common Stock in an open-market transaction at a weighted average price of $11.3578 per share. After this purchase, his direct holdings increased to 58,918 shares. The filing notes these shares were acquired through multiple trades at prices ranging from $11.35 to $11.86.
Smith Douglas Homes Corp. director George Ervin Perdue III reported an open-market purchase of 20,300 shares of Class A common stock. The weighted-average purchase price was $12.2666 per share, with individual trades executed between $11.76 and $12.67 per share. Following this transaction, he directly owns 60,684 shares of Smith Douglas Homes common stock.
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.
Smith Douglas Homes Corp. details its business model and structure in its annual report. The company builds single-family homes for entry-level and empty-nest buyers in high-growth Southeastern and Southern U.S. markets using a land-light, option-based lot strategy that limits balance sheet risk. As of December 31, 2025, it controlled 22,268 lots, with 20,556 under option, and operated 100 active communities.
The builder emphasizes an efficient, schedule-driven production platform supported by its SMART Builder ERP system and Rteam partner model, producing average construction cycle times of about 57 business days and inventory turnover of 2.6x in 2025. Home closing gross margins were approximately 22% in 2025 versus 26% in 2024, with 2,908 homes closed and an average sales price of about $334,000.
The report explains its 2024 IPO and Up-C structure, dual-class high/low vote shares, and a Tax Receivable Agreement under which Continuing Equity Owners receive 85% of certain tax benefits. The company highlights conservative leverage, with debt-to-book capitalization of 9% and significant undrawn revolver capacity, and outlines growth plans to expand within existing and adjacent markets.
Smith Douglas Homes Corp. reported softer results for Q4 and full year 2025, with profitability pressured despite record activity. Q4 home closing revenue fell 9% to
For 2025, home closings inched up 1% to 2,908, but home closing revenue was essentially flat at
Smith Douglas Homes Corp. received an amended beneficial ownership report showing that former institutional holder 12 West Capital Management LP and its managing member, Joel Ramin, now report 0 shares of Class A common stock, representing 0% of the class as of 12/31/2025.
The filers confirm they own 5% or less of the stock and state that the securities referenced were not acquired and are not held for the purpose of changing or influencing control of the company.
Kayne Anderson Rudnick Investment Management, LLC and affiliated Virtus entities report sizable ownership stakes in Smith Douglas Homes Corp Class A shares. As of 12/31/2025, Kayne Anderson Rudnick reports beneficial ownership of 1,469,003 shares, representing 16.3% of the class, with both sole and shared voting and dispositive powers.
Virtus Investment Advisers, LLC reports beneficial ownership of 898,919 shares, or 10.0%, all with shared voting and dispositive power. Virtus Equity Trust, on behalf of Virtus KAR Small-Cap Growth Fund, reports 861,148 shares, or 9.5%, also with shared voting and dispositive power. The filers state the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Smith Douglas Homes.