Company: SDHC
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0001982518-25-000012
Chunk: 52

Company: Smith Douglas Homes Corp.
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 52
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. Bradbury, a member of our Board, is a beneficiary of Founder Fund.

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In December 2024, we purchased 11 single-family finished lots located in Cherokee County, Georgia for a total purchase price of $0.8 million from BFP Holdings, LLC, an entity affiliated with the Founder Fund.

We are headquartered in Woodstock, Georgia where we lease approximately 26,800 square feet of office space under a lease agreement that expires on August 31, 2028. We use this location for our Atlanta Division and corporate employee offices. We lease this office from JBB Cherokee Holdings LLC, an entity affiliated with the Founder Fund. For each of the years ended December 31, 2024 and 2023, we paid approximately $0.4 million under our lease agreement.

We had related person receivables with an entity affiliated with the Founder Fund totaling approximately $0.1 million as of both December 31, 2024 and 2023, related to various general and administrative expenses, including aviation expenses and insurance that was paid on behalf of the related person, who reimbursed us at cost. Historically, our Chairman has supported our growth by hosting numerous events at personal properties that are intended to foster business development and vendor relations. For each of the years ended December 31, 2024 and 2023, $0.4 million was paid to entities affiliated with the Founder Fund for use of facilities and related services.

We had two uncollateralized notes payable to an entity affiliated with the Founder Fund for the purchase of airplanes totaling $0.9 million as of December 31, 2023, which were included in accrued expenses and other liabilities in our consolidated balance sheets. The notes bore interest at a rate of 2.12% and 2.56%, respectively. During the year ended December 31, 2024, in connection with the IPO, we repaid both notes payable totaling an aggregate of $0.9 million.

We also charter aircraft services from an entity affiliated with the Founder Fund. Payments made to these entities under a dry lease agreement and for costs associated with these aircraft services have been charged to us and settled in cash pursuant to this agreement. For each of the years ended December 31, 2024 and 2023, payments totaled approximately $0.1 million.

#### Tax Receivable Agreement
As described in — The Transactions , we used net proceeds from the IPO to purchase newly issued LLC Inter