Bennett Gregory S 4

What Happened
Gregory S. Bennett, President, Chief Executive Officer and Vice Chairman of Smith Douglas Homes (SDHC), was granted 133,717 restricted stock units (RSUs) on March 13, 2026. The RSUs were awarded at $0.00 (no cash paid); they represent contingent rights to receive one share of Class A common stock per RSU when they vest.

Key Details

• Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-17). Filing appears timely (filed within the two business-day window).
• Award: 133,717 RSUs granted at $0.00; reported value at grant = $0 (actual economic value will depend on SDHC share price when RSUs convert to shares).
• Vesting: RSUs vest one-third (1/3) on each of the first three anniversaries of March 13, 2026, subject to continued employment (footnote F1).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Correction note: a prior Form 4 (filed March 24, 2025) incorrectly reported 243,589 Class A shares as indirectly held by GSB Holdings; that was in error—GSB Holdings does not hold those shares (footnote F2).

Context
This was a compensation grant (an award of RSUs), not an open-market purchase or sale. RSU grants are common executive compensation; they only convert into actual shares if and when they vest, so the grant itself is not an immediate cash liquidity event.