Dream Finders Homes announced plans on August 14, 2026, to redeem all 150,000 outstanding shares of its Series A Convertible Preferred Stock.
The company scheduled the redemption for September 14, 2026. Each share will be redeemed at a price of $1,028.50. The total cash outlay for the transaction is approximately $154.3 million.
This action eliminates a layer of preferred equity from the company’s balance sheet. Stockholders will receive official redemption notices separately.
The move follows recent insider activity. Director Richard Beckwitt made significant stock purchases earlier in the week.