STOCK TITAN

Insider Lovett (NYSE: DFH) sells 150K Dream Finders Homes shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Dream Finders Homes, Inc. insider W. Radford Lovett II reported open-market sales of a total of 150,000 shares of Class A common stock held indirectly through the W. Radford Lovett II GST Exempt Trust. The shares were sold on May 19 and May 20 at weighted average prices of $12.65 and $12.89 per share. Following these transactions, the trust held 3,640,883 shares indirectly, and Lovett also reported 22,349 shares held directly.

Positive

  • None.

Negative

  • None.
Insider Lovett William Radford II
Role null
Sold 150,000 shs ($1.91M)
Type Security Shares Price Value
Sale Class A common stock, par value $0.01 per share 32,146 $12.89 $414K
Sale Class A common stock, par value $0.01 per share 117,854 $12.65 $1.49M
holding Class A common stock, par value $0.01 per share -- -- --
Holdings After Transaction: Class A common stock, par value $0.01 per share — 3,640,883 shares (Indirect, See Footnote); Class A common stock, par value $0.01 per share — 22,349 shares (Direct, null)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. The prices sold ranged from $12.56 to $12.78. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range. Such shares of Class A Common Stock are owned directly by the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004. The reporting person is the sole trustee of the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004. The price reported in Column 4 is a weighted average price. The prices sold ranged from $12.75 to $13.02. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.
Total shares sold 150,000 shares Open-market sales on May 19 and May 20, 2026
Shares sold May 19 117,854 shares Open-market sale at $12.65 weighted average
Shares sold May 20 32,146 shares Open-market sale at $12.89 weighted average
Weighted avg price May 19 $12.65/share Class A common stock sale
Weighted avg price May 20 $12.89/share Class A common stock sale
Indirect holdings after sales 3,640,883 shares Shares held by W. Radford Lovett II GST Exempt Trust
Direct holdings 22,349 shares Total shares following transaction as of May 19, 2026
Price range May 19 $12.56–$12.78 Individual sale prices within weighted average
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
GST Exempt Trust financial
"owned directly by the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004."
indirect ownership financial
""ownership_type": "indirect""
Class A common stock financial
"Class A common stock, par value $0.01 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Lovett William Radford II

(Last)(First)(Middle)
14701 PHILIPS HIGHWAY
SUITE 300

(Street)
JACKSONVILLE FLORIDA 32256

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Dream Finders Homes, Inc. [ DFH ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
DirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A common stock, par value $0.01 per share05/19/2026S117,854D$12.65(1)3,673,029ISee Footnote(2)
Class A common stock, par value $0.01 per share05/20/2026S32,146D$12.89(3)3,640,883ISee Footnote(2)
Class A common stock, par value $0.01 per share22,349D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. The prices sold ranged from $12.56 to $12.78. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.
2. Such shares of Class A Common Stock are owned directly by the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004. The reporting person is the sole trustee of the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004.
3. The price reported in Column 4 is a weighted average price. The prices sold ranged from $12.75 to $13.02. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.
/s/ Robert E. Riva, Jr. by Power of Attorney05/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Lovett report for Dream Finders Homes (DFH)?

Lovett reported open-market sales totaling 150,000 Dream Finders Homes Class A shares. The trades occurred on May 19 and May 20, 2026, and were executed at weighted average prices in the mid‑$12 range per share.

At what prices were the Dream Finders Homes (DFH) shares sold by the Lovett trust?

The reported weighted average sale prices were $12.65 per share on May 19 and $12.89 per share on May 20. Footnotes state the May 19 prices ranged from $12.56 to $12.78, and May 20 prices ranged from $12.75 to $13.02.

How many Dream Finders Homes (DFH) shares did Lovett’s trust sell on each date?

The trust sold 117,854 Class A shares on May 19, 2026 at a weighted average price of $12.65 and 32,146 shares on May 20, 2026 at a weighted average price of $12.89, for a combined total of 150,000 shares.

How many Dream Finders Homes (DFH) shares does Lovett hold after these transactions?

After the reported sales, the W. Radford Lovett II GST Exempt Trust held 3,640,883 Dream Finders Homes Class A shares indirectly. A separate entry shows Lovett also holding 22,349 shares directly as of May 19, providing context for his remaining ownership stake.

What entity executed the Dream Finders Homes (DFH) share sales for Lovett?

The sold Dream Finders Homes shares are owned directly by the W. Radford Lovett II GST Exempt Trust u/a dated 12/28/2004. Lovett is disclosed as the sole trustee of this trust, and the shares are therefore reported as indirectly owned.

Were the Dream Finders Homes (DFH) sales reported with detailed price information?

The filing reports weighted average prices for each trading day. Footnotes explain that individual trades on May 19 ranged from $12.56 to $12.78 and on May 20 from $12.75 to $13.02, with full price breakdowns available upon request from the reporting person.