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EdgarHawk

Zalupski Patrick O.

President and CEO

Director Officer 10% Owner
18 filings analyzed · 1 company · Latest 2025-09-17

Companies

Company Buys Sells Direction
Dream Finders Homes, Inc. DFH 0 60 Net selling

Activity

September 2025
low
Sell
21,863 shares
$620,961
Significance 4/10

DFH President/CEO Zalupski sold 21,863 shares for $620,961.41 in two transactions (9/15–9/16); retains 1.91M shares post-sale.

Zalupski executed 2 separate open-market sales totaling 21,863 shares ($620,961.41) over consecutive days at an average price of $28.40, representing a -1.1% reduction from pre-transaction holdings of 1,927,772 shares. The current stock price of $28.15 is -26.1% from its 52-week high, but the blended sale price of $28.40 was achieved slightly above current levels. His cross-ticker track record shows 20 prior sells with a well-timed rate of 100.00% (90-day average return -11.6%), but at Dream Finders Homes specifically, his 5 prior trades have produced 0 measurable 90-day outcomes—providing no ticker-specific timing baseline. Fundamentals remain stable with $1.2B in quarterly revenue, +18.8% annual growth, and a low P/E of 8.18, offering no obvious distress signal underlying the sale.

medium
Sell
19,126 shares
$543,721
Significance 6/10

CEO Patrick O. Zalupski sold 19,126 shares at blended average $28.43 on 2025-09-03/04, reducing stake by 1.0% to 1.93M shares.

Zalupski executed 4 separate sales totaling 19,126 shares for $543,720.96 at prices ranging from $27.70 to $29.19, approximately 1.6% below the current price of $30.94. The sale represents a modest 1.0% reduction in his post-transaction holdings of 1.93M shares. At the company level, fundamentals remain solid with annual revenue growth of +18.8%, net income of $56.6M, and a relatively low P/E of 8.99, suggesting the company is not in distress. The stock itself has appreciated +20.9% over the past 30 days and +40.5% over 90 days, having recovered from a 52-week low of $20.40 though still trading -18.8% below the 52-week high of $38.10. His cross-ticker track record shows 20 prior sells with a 90-day well-timed rate of 100.00%, though at DFH specifically, prior measurable outcomes provide limited signal—only one of five recent trades shows a completed 30-day result (+6.5% on the 2025-07-24 sale), while the three most recent sales from 2025-08-12 to 2025-08-13 lack measurable outcomes. The modest scale (less than 1% of holdings) and recent price context (transaction prices below current market level) are consistent with routine portfolio activity rather than an urgent exit signal.

August 2025
high
Sell
20,832 shares
$557,460
Significance 6/10

DFH CEO Patrick O. Zalupski sells 20,832 shares for $557,460.44; fourth consecutive sale in past 3 weeks at prices below current $28.04.

Patrick O. Zalupski executed 4 separate sales totaling 20,832 shares for $557,460.44 over two days (August 12–13, 2025), with a blended average price of $26.76. The CEO retains 1,957,843 shares post-transaction (down 1.1% from prior holdings). This filing is the fourth insider sale at DFH within a three-week window (prior sales on July 9, 23, and 24), forming a pattern of consecutive dispositions. Notably, all transaction prices ($25.62–$28.59) remain below the current market price of $28.04, and the stock has appreciated 5.2% in the last 30 days and 18.7% in 90 days. Zalupski's cross-ticker track record shows a 100% well-timed rate on sells (avg 90d return –20.0%), yet at DFH specifically, his prior measurable sell on July 9 showed a –6.6% 30-day return, with 90-day outcomes not yet available. The series of sales warrants investor attention given the recurring pattern and CEO-level position, though the retention of 1.96M shares and the company's solid fundamentals (P/E 8.15, 18.8% annual revenue growth, $56.6M net income) provide context.

July 2025
medium
Sell
20,832 shares
$579,678
Significance 6/10

CEO Zalupski sells 20,832 shares ($579.7K) at $26.99–$29.05; retains 1.98M shares; stock -27.9% from 52-week high.

Patrick O. Zalupski, President and CEO of Dream Finders Homes, executed 4 separate sales totaling 20,832 shares for $579,678.47 across two trading days (2025-07-23 to 2025-07-24), with a blended average price of $27.83. The sale reduces his holdings by 1.0% to 1,978,675 shares, representing a modest portfolio reduction rather than a material exit. Notably, Zalupski's cross-ticker track record shows 100.00% well-timed selling on his last 20 prior open-market sells (with average 90-day returns of -22.4%), and his prior two sales at DFH both showed negative 90-day returns (-17.5% and -19.2%), signaling effective downside timing. The current stock price of $27.48 is 27.9% below the 52-week high of $38.10, though it has appreciated 13.5% over 30 days and 21.0% over 90 days; the company's fundamentals remain solid with $989.9M quarterly revenue, +18.8% annual growth, and a P/E of 7.99, suggesting the sale occurs within a valuation context rather than amid deteriorating business conditions.

high
Sell
20,848 shares
$559,144
Significance 7/10

CEO Patrick Zalupski sells 20,848 shares ($559.1K) across 3 transactions; 100% accuracy rate on prior DFH sells within 90 days

Patrick Zalupski, President and CEO of Dream Finders Homes, executed 3 separate sales totaling 20,848 shares for $559,144.41 on July 8–9, 2025, at a blended average price of $26.82. This reduces his holding from 2.02M to 2.00M shares (a -1.0% reduction). Critically, Zalupski's prior 5 trades at DFH all proved well-timed at the 90-day mark—100% accuracy—with returns ranging from -6.9% to -19.2%, meaning the stock fell after each sale. His cross-ticker track record shows a 100% well-timed rate across 20 prior sells, with an average 90-day return of -22.6% (negative = well-timed for sells). The current price of $28.22 is +15.1% over 30 days and +30.5% over 90 days, placing the stock near its 52-week range at substantial upside from the transaction prices. The company trades at a 8.20 P/E with $989.9M quarterly revenue (+18.8% annual growth) and $54.9M net income, presenting a profitable, growing business. The timing and historical pattern of this insider's trades warrant close investor attention.

March 2025
high
Sell
40,818 shares
$1,069,068
Significance 6/10

Dream Finders CEO Patrick Zalupski sold 40,818 shares for $1,069,068.21 across 3 transactions Mar 10–11

Zalupski, as President and CEO, executed 3 separate sales totaling 40,818 shares for $1,069,068.21 (blended average $26.19) on March 10–11, reducing his holdings by 2.0% to 2,034,282 shares. The timing is notable: the insider sold at prices 7.4% above the current market price of $24.38, which has declined 44.2% from the 52-week high of $43.73 and fallen 17.6% over 90 days, yet his 30-day price momentum is +12.7%. His same-ticker sell history shows 5 prior trades at DFH (all in December 2024), with measurable 90-day results showing 1 of 1 well-timed at the 90-day mark; cross-ticker track record indicates 20 prior sells with a 100% well-timed rate at 90 days (average 90d return -28.9%). Against DFH's fundamentals—$1.0B revenue, $70.7M net income, +18.8% annual growth, and P/E of 7.09—the sale represents a modest reduction while the stock trades well below its annual high.

December 2024
high
Sell
36,653 shares
$986,102
Significance 6/10

DFH CEO Zalupski sells 36,653 shares ($986.1K) across 4 transactions; stock down 45.8% from 52-week high

Patrick O. Zalupski, President and CEO of Dream Finders Homes, Inc., executed 4 separate sales totaling 36,653 shares for $986,101.56 at a blended average price of $26.90 on December 17–18, 2024. The stock has since declined to $23.70, representing a 45.8% loss from its 52-week high of $43.73 and a 13.4% drop over the past 30 days. While this sale reduces his holdings by 1.9% (from 1.97M to 1.94M shares), the timing of the sales—executed after the stock had already fallen 35.3% over 90 days—offers limited positive inference; his cross-ticker track record shows an average 30-day return of −5.0% following prior open-market sells. The company's fundamentals appear stable with $1.0B revenue, $70.7M net income, and 12.2% annual revenue growth at a P/E of 7.82, but the recent sharp price deterioration and the CEO's liquidation during this decline warrant investor attention to whether macroeconomic or company-specific headwinds are driving the stock's weakness.

medium
Sell
46,677 shares
$1,537,024
Significance 5/10

DFH CEO Zalupski sold 46,677 shares for $1,537,023.81 in 3 transactions (Dec 3-4); now holds 1,974,567 shares

Patrick O. Zalupski, President and CEO of Dream Finders Homes, executed 3 separate sales totaling 46,677 shares for $1,537,023.81 at a blended average price of $32.93 on December 3–4, 2024. This represents a 2.3% reduction from his pre-transaction holdings of 2,021,244 shares. The sales occurred within a narrow price band ($32.67–$33.26) against a current price of $31.18, placing the transaction 28.7% below the 52-week high of $43.73. The stock has declined 3.8% over the past 30 days, though it is up 3.9% over 90 days. His same-ticker trade history shows 5 prior sells at DFH (November 12, 21, and 22) whose outcomes are not yet measurable; his cross-ticker track record across 20 prior open-market sales shows an average 30-day return of -3.1%. Fundamentals remain solid with FY revenue growth of 12.2%, a P/E of 10.29, and latest quarterly revenue of $1,006,869,000.00. Given the derivative-conversion FLAG, this sale represents a partial open-market disposition of a specific share batch rather than a full-position exit; the insider's complete economic exposure—including derivative holdings reflected in Form 4 Table II—is not fully captured by the Table I shares outstanding.

November 2024
high
Sell
172,999 shares
$5,405,633
Significance 7/10

CEO Patrick O. Zalupski sold 172,999 shares (173.0K shares) for $5,405,633.30 ($5.4M) at DFH on 2024-11-21 and 2024-11-22

Zalupski, as President and CEO, executed 4 separate sales totaling 172,999 shares for $5,405,633.30 at prices ranging from $30.96 to $31.77, reducing his holdings by 24.9% from 694,243 shares to 521,244 shares. The sales occurred over two consecutive trading days at a blended average price of $31.25, now trading at $33.90 and within 22.5% of the 52-week high, suggesting the CEO sold into relative strength. His prior trades at DFH show mixed near-term outcomes (one sale down 5.8% at 30 days, another down 0.8%), and his cross-ticker track record of 20 prior sells demonstrates a 66.67% well-timed rate at the 90-day horizon, though same-ticker outcomes remain largely unmeasurable. The company trades at a P/E of 11.19 with recent quarterly revenue of $1,006,869,000.00 and annual growth of 12.2%, contextualizing the sale within a moderately valued, growing business.

high
Sell
62,676 shares
$1,916,056
Significance 5/10

DFH CEO Zalupski sells 62,676 shares for $1.9M across 3 trades; stock now -34.5% from 52-week high.

Patrick O. Zalupski, President and CEO of Dream Finders Homes, executed 3 separate sales totaling 62,676 shares for $1,916,056.00 at blended average price $30.57 between November 11–12, 2024. The timing aligns with a sustained period of weakness: the stock has declined 13.3% over 30 days and 34.5% from its 52-week high of $43.73. At DFH specifically, Zalupski's prior 5 trades show 0 of 0 well-timed at the 90-day mark—a thin dataset with 3 trades still pending outcome measurement, though the 2 measurable same-ticker prior trades showed minimal returns (+1.0% and -0.4% over 30 days). His cross-ticker track record across 20 sells shows an average 90-day return of +2.6% with a 33.33% well-timed rate, indicating his historical sells have slightly lagged rallies. The company's fundamentals remain solid—$1.0B quarterly revenue with +12.2% annual growth and a P/E of 9.45—but the CEO's cumulative sales activity this month (5 separate transactions recorded across October-November) combined with the stock's sharp recent drawdown merits attention to whether further repricing or operational developments may be forthcoming.

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