Robert G. Baugnon - 19 Nov 2025 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Role: Senior VP, Personnel and Admin
Signature: /s/ Robert G. Baugnon
Issuer symbol: ROAD
Transactions as of: 19 Nov 2025
Transactions value $: -$252,157
Form type: 4
Filing time: 20 Nov 2025, 18:32:43 UTC
Previous filing: 06 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Baugnon Robert G	Senior VP, Personnel and Admin	290 HEALTHWEST DRIVE, SUITE 2, DOTHAN	/s/ Robert G. Baugnon	20 Nov 2025	0002064729

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ROAD	Class A Common Stock	Tax liability	-$252K	-2.25K	-8.4%	$112.02	24.5K	19 Nov 2025	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The reported transaction represents the surrender by the reporting person of shares of Class A common stock, $0.001 par value ("Class A common stock"), to Construction Partners, Inc. (the "Issuer") to satisfy tax withholding obligations upon the vesting and issuance of Class A common stock pursuant to performance-based restricted stock units previously awarded to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Incentive Plan"). Pursuant to the terms of the Incentive Plan and the applicable award agreements, the number of shares surrendered was determined using a value of $112.02 per share, the closing price for a share of Class A common stock on November 4, 2025, the vesting date.
F2	Includes 4,839 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 2,149 shares on September 30, 2026, (ii) 1,476 shares on September 30, 2027, (iii) 857 shares on September 30, 2028 and (iv) 357 shares on September 30, 2029. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.

Content

The reported transaction represents the surrender by the reporting person of shares of Class A common stock, $0.001 par value ("Class A common stock"), to Construction Partners, Inc. (the "Issuer") to satisfy tax withholding obligations upon the vesting and issuance of Class A common stock pursuant to performance-based restricted stock units previously awarded to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Incentive Plan"). Pursuant to the terms of the Incentive Plan and the applicable award agreements, the number of shares surrendered was determined using a value of $112.02 per share, the closing price for a share of Class A common stock on November 4, 2025, the vesting date.

Includes 4,839 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 2,149 shares on September 30, 2026, (ii) 1,476 shares on September 30, 2027, (iii) 857 shares on September 30, 2028 and (iv) 357 shares on September 30, 2029. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.