Andy L. Nemeth - Dec 19, 2023 Form 4 Insider Report for PATRICK INDUSTRIES INC (PATK)

Signature
/s/ Andy L. Nemeth by Joel D. Duthie, attorney-in-fact
Stock symbol
PATK
Transactions as of
Dec 19, 2023
Transactions value $
-$2,968,795
Form type
4
Date filed
12/21/2023, 08:49 PM
Previous filing
Dec 18, 2023
Next filing
Dec 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PATK Common Stock Sale -$960K -10K -3.68% $96.00 262K Dec 19, 2023 Direct F1
transaction PATK Common Stock Sale -$980K -10K -3.82% $98.00 252K Dec 19, 2023 Direct F1, F2
transaction PATK Common Stock Options Exercise $1.74M +42K +16.67% $41.33 294K Dec 19, 2023 Direct
transaction PATK Common Stock Tax liability -$2.76M -27.9K -9.5% $98.96 266K Dec 19, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PATK Stock Options Options Exercise $0 -42K -53.85% $0.00 36K Dec 19, 2023 Common Stock 42K $41.33 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1(c) trading plan adopted by the Reporting Person on June 15, 2023.
F2 The price quoted in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $98.00 to $98.04, inclusive. The reporting person undertakes to provide to Patrick Industries, Inc., any security holder of Patrick Industries, Inc., or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the price range set forth in this footnote.
F3 Reflects the date the stock options became fully exercisable.