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Smith Douglas Homes Corp. — Director's Dealing 2024
Jan 19, 2024
32294_dirs_2024-01-18_39694933-2044-4210-965f-5aea0ee790bd.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Smith Douglas Homes Corp. (SDHC)
CIK: 0001982518
Period of Report: 2024-01-10
Reporting Person: Bradbury Thomas L (N/A)
Reporting Person: BRADBURY FAMILY TRUST II A U/A/D DECEMBER 29, 2015 (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-01-10 | Class B Common Stock | A | 40384615 | — | Acquired | 40384615 | Indirect |
| 2024-01-16 | Class A Common Stock | C | 2192308 | — | Acquired | 2192308 | Indirect |
| 2024-01-16 | Class A Common Stock | D | 2192308 | $21 | Disposed | 0 | Indirect |
| 2024-01-16 | Class B Common Stock | J | 2192308 | — | Disposed | 38192307 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-01-10 | LLC Interests | $ | A | 40384615 | Acquired | Class A Common Stock (40384615) | Indirect | |
| 2024-01-16 | LLC Interests | $ | C | 2192308 | Disposed | Class A Common Stock (2192308) | Indirect |
Footnotes
F1: Represents securities received as part of the Issuer's reorganization in connection with its initial public offering, as described in the registration statement on Form S-1 relating to the initial public offering. These securities were previously reported on a Form 3 filed by the Reporting Persons.
F2: Mr. Bradbury is co-trustee of Bradbury Family Trust II A U/A/D December 29, 2015 ("Bradbury Family Trust II"), and as a result, may be deemed to share beneficial ownership of the securities held of record by Bradbury Family Trust II.
F3: The membership units of Smith Douglas Holdings LLC (the "LLC Interests") may be redeemed by the Reporting Person at any time at the option of the holder for shares of Class A Common Stock on a 1-to-1 basis, and a corresponding number of shares of Class B Common Stock will be forefeited in connection with the redemption. The LLC Interests have no expiration date.
F4: Reflects the cancellation for no consideration of Class B Common Stock in connection with the redemption and conversion of the LLC Interests into shares of Class A Common Stock.