Construction Partners, Inc. — Director's Dealing 2025

Nov 26, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Construction Partners, Inc. (ROAD)
CIK: 0001718227
Period of Report: 2025-11-24

Reporting Person: Smith Fred Julius III (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-24	Class A Common Stock	J	33658	—	Disposed	13553	Direct
2025-11-25	Class A Common Stock	C	30000	—	Acquired	43553	Direct
2025-11-25	Class A Common Stock	G	30000	—	Disposed	13553	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-24	Class B Common Stock	$	J	33658	Acquired		Class A Common Stock (33658)	Direct
2025-11-25	Class B Common Stock	$	C	30000	Disposed		Class A Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	9333	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Common Stock	$		Class A Common Stock (140572)	140572	Indirect

Footnotes

F1: The reported transaction represents a privately negotiated exchange of shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer"), for an equal number of shares of Class B common stock, $0.001 par value ("Class B common stock"), of the Issuer with a holder of Class B common stock. There was no sale price associated with the share exchange, and no profit was realized by the reporting person. The reporting person has agreed to voluntarily disgorge to the Issuer any profits realized from matchable transactions occurring within six months of the transactions reported herein.

F2: Includes 13,553 restricted shares of Class A common stock with time-based vesting criteria previously granted to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan that vest as follows: (i) 6,227 shares on September 30, 2026, (ii) 4,105 shares on September 30, 2027, (iii) 2,267 shares on September 30, 2028, and (iv) 954 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.

F3: The reported transaction represents the voluntary conversion by the reporting person of the reported number of shares of Class B common stock on a one-for-one basis into shares of Class A common stock as permitted by the Issuer's amended and restated certificate of incorporation.

F4: The reported transaction represents a donation by the reporting person of shares of Class A common stock to a charitable donor-advised fund.

F5: The reported shares are held by a limited liability company for which the reporting person serves as co-manager, and, in such capacity, shares the power to vote and direct the disposition of the shares.

F6: Each share of Class B common stock is convertible into one share of Class A common stock (i) at any time at the option of the holder or (ii) upon any transfer, except for certain transfers described in the Issuer's amended and restated certificate of incorporation. In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B common stock, all outstanding shares of Class B common stock will be converted into shares of Class A common stock. The holders of Class A common stock and Class B common stock vote as a single class on all matters submitted to a vote of stockholders. The holders of Class A common stock are entitled to one vote per share, and the holders of the Class B common stock are entitled to 10 votes per share. The shares of Class B common stock do not expire.