Zalupski Patrick O - 05 Mar 2026 Form 4 Insider Report for Dream Finders Homes, Inc. (DFH)

Reporting relationship: President and CEO, Director, 10%+ Owner
Issuer ticker: DFH
Reported as of: 05 Mar 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 09 Mar 2026, 18:47:24 UTC
Prior SEC filing: 03 Oct 2025
Next SEC filing: 17 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Robert E. Riva by Power of Attorney

Key filing fact

Zalupski Patrick O filed Form 4 for Dream Finders Homes, Inc. (DFH) on 09 Mar 2026.

Key facts

This page summarizes Zalupski Patrick O's Form 4 filing for Dream Finders Homes, Inc. (DFH).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 09 Mar 2026, 18:47.

Change

Previous filing in this sequence was filed on 03 Oct 2025.
Current net transaction value: $0.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001841163 Primary reporting owner

Zalupski Patrick O.

Relationship: President and CEO, Director, 10%+ Owner
Address: 14701 PHILIPS HIGHWAY, SUITE 300, JACKSONVILLE
Signature: /s/ Robert E. Riva by Power of Attorney
Signature date: 09 Mar 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DFH transaction

Class A common stock, par value $0.01 per share

Tax liability

Transaction value
Shares: -26,000
Change %: -1.4%
Price: $17.25^*
Shares after: 1,871,472
Date: 05 Mar 2026
Ownership: Direct
Footnotes: F1, F2

DFH transaction

Class A common stock, par value $0.01 per share

Award

Transaction value
Shares: +287,119
Change %: +15%
Price: $0.000000^*
Shares after: 2,158,591
Date: 06 Mar 2026
Ownership: Direct
Footnotes: F2, F3

DFH transaction

Class A common stock, par value $0.01 per share

Tax liability

Transaction value
Shares: -17,424
Change %: -0.81%
Price: $16.40^*
Shares after: 2,141,167
Date: 06 Mar 2026
Ownership: Direct
Footnotes: F1, F2

DFH transaction

Class A common stock, par value $0.01 per share

Tax liability

Transaction value
Shares: -48,348
Change %: -2.3%
Price: $15.71^*
Shares after: 2,092,819
Date: 08 Mar 2026
Ownership: Direct
Footnotes: F1, F2

DFH holding

Class B common stock, par value $0.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 56,320,586
Date: 05 Mar 2026
Ownership: Direct
Footnotes: F4

DFH holding

Class B common stock, par value $0.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 809,409
Date: 05 Mar 2026
Ownership: By Trust
Footnotes: F4, F5

DFH holding

Class B common stock, par value $0.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 596,158
Date: 05 Mar 2026
Ownership: See Footnote
Footnotes: F4, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DFH holding Derivative

Prepaid Variable Forward Sale Contract

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,000,000
Date: 05 Mar 2026
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 3,000,000
Exercise price
Footnotes: F7, F8, F9

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

Withholding of shares upon vesting by the Company to satisfy tax liability.

Footnote F2

Includes 11,941 shares held in a 401(k) account.

Footnote F3

The restricted stock will vest in three equal annual installments beginning on March 6, 2027 and each anniversary thereof.

Footnote F4

Each share of Class B Common Stock is convertible at the option of the reporting person into one share of Class A Common Stock ("Common Stock") of Dream Finders Homes, Inc. and has no expiration date.

Footnote F5

Trust established for the benefit of the reporting person's children.

Footnote F6

Shares held by POZ Holdings, Inc., which is controlled by the reporting person.

Footnote F7

Mr. Zalupski entered into prepaid variable forward sale contracts on August 14, 2024, December 5, 2024, and June 5, 2025, respectively, whereby Mr. Zalupski pledged an aggregate of 3,000,000 shares (the "Pledged Shares") of Class B Common Stock to secure obligations under the contracts, and retained dividend and voting rights in the Pledged Shares during the term of the pledge.

Footnote F8

(Continued from footnote 7) The contracts obligate Mr. Zalupski to deliver to the buyer, on the applicable settlement date for each of the 10 components, up to one hundred percent (100%) of the number of Pledged Shares for such component or, at Mr. Zalupski's option, an equivalent amount of cash. The number of shares to be delivered to the buyer on the settlement date (or on which to base the amount of cash to be delivered to the buyer on the settlement date) is to be determined as follows: (a) if the volume-weighted average price of the Class A Common Stock on the designated valuation date for the applicable component within the period from 8/16/2027 to 8/27/2027 with respect to 1,000,000 shares, 5/15/2028 to 5/26/2028 with respect to 1,000,000 shares, and 3/20/2029 to 4/3/2029 with respect to 1,000,000 shares (each, a "Settlement Price") is less than or equal to $22.12, $24.01 or $17.27, as applicable, (the "Floor Price"),

Footnote F9

(Continued from Footnote 8) Mr. Zalupski will deliver to the buyer all of the Pledged Shares for the applicable component; (b) if such Settlement Price is greater than the Floor Price but less than or equal to $55.30, $66.02 or $37.78, as applicable (the "Cap Price"), Mr. Zalupski will deliver to the buyer the number of shares equal to one hundred percent (100%) of the Pledged Shares for the applicable component multiplied by a fraction, the numerator of which is the Floor Price and the denominator of which is such Settlement Price and (c) if such Settlement Price is greater than the Cap Price, Mr. Zalupski will deliver to the buyer the number of shares equal to one hundred percent (100%) of Pledged Shares for the applicable component multiplied by a fraction, the numerator of which is the Floor Price plus the excess of such Settlement Price over the Cap Price, and the denominator of which is such Settlement Price.