Thomas L. Bradbury - Jan 10, 2024 Form 4 Insider Report for Smith Douglas Homes Corp. (SDHC)

Role: Director, 10%+ Owner
Signature: /s/ Brett A. Steele, Attorney-in-Fact for Thomas L. Bradbury
Stock symbol: SDHC
Transactions as of: Jan 10, 2024
Transactions value $: -$46,038,468
Form type: 4
Date filed: 1/18/2024, 06:42 PM
Next filing: Jan 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SDHC	Class B Common Stock	Award		+40.4M			40.4M	Jan 10, 2024	By Bradbury Family Trust II	F1, F2
transaction	SDHC	Class A Common Stock	Conversion of derivative security		+2.19M			2.19M	Jan 16, 2024	By Bradbury Family Trust II	F2, F3
transaction	SDHC	Class A Common Stock	Disposed to Issuer	-$46M	-2.19M	-100%	$21.00	0	Jan 16, 2024	By Bradbury Family Trust II	F2
transaction	SDHC	Class B Common Stock	Other		-2.19M	-5.43%		38.2M	Jan 16, 2024	By Bradbury Family Trust II	F2, F4

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	SDHC	LLC Interests	Award	$0	+40.4M		$0.00	40.4M	Jan 10, 2024	Class A Common Stock	40.4M		By Bradbury Family Trust II	F1, F2, F3
transaction	SDHC	LLC Interests	Conversion of derivative security	$0	-2.19M	-5.43%	$0.00	38.2M	Jan 16, 2024	Class A Common Stock	2.19M		By Bradbury Family Trust II	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.