Key facts
- This page summarizes Ned N. Fleming IV's Form 4 filing for Construction Partners, Inc. (ROAD).
- 1 reported transaction and 4 derivative rows are listed below.
- Accepted by SEC: 20 Nov 2025, 18:32.
Ned N. Fleming IV - 19 Nov 2025 Form 4 Insider Report for Construction Partners, Inc. (ROAD)
- Reporting relationship
- Member of 10% owner group
- Issuer ticker
- ROAD
- Reported as of
- 19 Nov 2025
- Net transaction value
- -$238,491
- SEC form
- 4
- Accepted by SEC
- 20 Nov 2025, 18:32:56 UTC
- Prior SEC filing
- 06 Nov 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ned N. Fleming, IV
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Ned N. Fleming IV filed Form 4 for Construction Partners, Inc. (ROAD) on 20 Nov 2025.
Change
- Previous filing in this sequence was filed on 06 Nov 2025.
- Current net transaction value: -$238,491.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001987592
Primary reporting owner
Fleming Ned N. IV
- Relationship
- Member of 10% owner group
- Address
- 5420 LBJ FREEWAY, SUITE 1000, DALLAS
- Signature
- /s/ Ned N. Fleming, IV
- Signature date
- 20 Nov 2025
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ROAD
transaction
Class A Common Stock
Tax liability
- Transaction value
- $238,491
- Shares
- -2,129
- Change %
- -4.6%
- Price
- $112.02
- Shares after
- 43,964
- Date
- 19 Nov 2025
- Ownership
- Direct
- Footnotes
- F1, F2
ROAD
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 9,333
- Date
- 19 Nov 2025
- Ownership
- By Tar Frog Investment Management LLC
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ROAD
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 100,869
- Date
- 19 Nov 2025
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 100,869
- Exercise price
- Footnotes
- F4
ROAD
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 241,008
- Date
- 19 Nov 2025
- Ownership
- By the Ned N. Fleming, IV 2013 Trust
- Underlying class
- Class A Common Stock
- Underlying amount
- 241,008
- Exercise price
- Footnotes
- F4, F5
ROAD
holding
Derivative
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 140,572
- Date
- 19 Nov 2025
- Ownership
- By Tar Frog Investment Management LLC
- Underlying class
- Class A Common Stock
- Underlying amount
- 140,572
- Exercise price
- Footnotes
- F3, F4
ROAD
holding
Derivative
Restricted Stock Units
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,360
- Date
- 19 Nov 2025
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,360
- Exercise price
- Footnotes
- F6, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote 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.
Footnote F2
Includes 3,461 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 1,584 shares on September 30, 2026, (ii) 913 shares on September 30, 2027, (iii) 607 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.
Footnote F3
The reported shares are held by a limited liability company for which the reporting person serves as co-manager, and, in such capacity, shares the power to vote and direct the disposition of the shares.
Footnote F4
Each share of Class B common stock, $0.001 par value, of the Issuer ("Class B common stock") is convertible into one share of Class A common stock (i) at any time at the option of the holder or (ii) upon any transfer, except for certain transfers described in the Issuer's amended and restated certificate of incorporation. In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B common stock, all outstanding shares of Class B common stock will be converted into shares of Class A common stock. The holders of Class A common stock and Class B common stock vote as a single class on all matters submitted to a vote of stockholders. The holders of Class A common stock are entitled to one vote per share, and the holders of the Class B common stock are entitled to 10 votes per share. The shares of Class B common stock do not expire.
Footnote F5
The reported shares are owned directly by the Ned N. Fleming, IV 2013 Trust (the "Trust") and indirectly by Ned N. Fleming, IV as trustee of the Trust. Each of the Trust and Ned N. Fleming, IV are members of a 10% owner group of the Issuer.
Footnote F6
Each restricted stock unit ("RSU") represents a contingent right to receive cash in an amount equal to the value of one share of Class A common stock on the applicable vesting date. The RSUs do not expire.
Footnote F7
Includes 1,360 cash-settled RSUs with time-based vesting criteria previously granted under the Plan that vest as follows: (i) 554 RSUs on September 30, 2026, (ii) 556 RSUs on September 30, 2027, and (iii) 250 RSUs on September 30, 2028.