Form 4: Dream Finders Homes Executive Doug Moran Reports Share Withholding for Tax Liability
SEC Form 4 Filing
Doug Moran, Senior VP and COO of Dream Finders Homes, reports the withholding of shares to cover tax liabilities, resulting in a change in beneficial ownership.
Summary
- On April 1, 2024, Doug Moran, Senior VP and COO of Dream Finders Homes, had shares withheld by the company to cover tax liabilities.
- This transaction resulted in the disposal of 13,927 shares at a price of $42.89.
- Following the transaction, Moran directly owns 527,979 shares of Class A common stock.
- Moran also indirectly owns shares through several trusts: 111,245 shares via the John Douglas Moran, Jr. Revocable Trust, 382,596 shares via the Nicole L. Moran Revocable Trust, and 166,500 shares via the John Douglas Moran, Jr. Grantor Retained Annuity Trust.
Sentiment
Score: 5
Explanation: This is a neutral event; a routine transaction related to tax obligations.
Industry Context
This is a routine Form 4 filing related to insider transactions. It is common for company executives to have shares withheld to cover tax obligations arising from vesting equity awards.
Key Dates
| Date | Description |
|---|---|
| 2021-11-30 | Date of the John Douglas Moran, Jr. Revocable Trust and the Nicole L. Moran Revocable Trust |
| 2023-05-30 | Date of the John Douglas Moran, Jr. Grantor Retained Annuity Trust |
| 2024-04-01 | Date of the share withholding transaction |
| 2024-04-03 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.