Bradbury Thomas L 4

What Happened

• Thomas L. Bradbury, listed as a 10% owner of Smith Douglas Homes Corp. (SDHC), reported purchasing 22,618 shares on 2026-03-13. The Form 4 shows a weighted average price of $11.36 per share for a reported total of $256,891. The transaction type is reported as a purchase (code P).

Key Details

• Transaction date: 2026-03-13; filing date: 2026-03-17 (filed within the SEC’s 2-business-day window).
• Price reported: weighted average $11.36; footnote F1 states purchases occurred at prices ranging from $11.35 to $11.86 across multiple trades.
• Shares acquired: 22,618; aggregate reported value: $256,891.
• Shares owned after transaction: not specified in the Form 4 provided.
• Footnote F1: the reporting person can provide a breakdown of the number of shares bought at each price in the $11.35–$11.86 range upon request.

Context

• This was a straightforward purchase by a 10% beneficial owner. Purchases by insiders can be informative to investors, but the filing does not state the purchaser’s motivation. Because Bradbury is a 10% owner (not labeled here as an executive), this represents activity by a significant stakeholder rather than a routine employee grant or option exercise.