Director M. Scott Welch buys $886,671 of Patrick Industries Inc (PATK)

M. Scott Welch, director of Patrick Industries Inc, bought 10,050 shares on the open market on May 5, 2026 at an average of $88.23 a share, for a total of $886,671. The purchase was reported to the SEC on Form 4 on May 6, 2026.

It is a new position: the filing shows no shares held directly before this purchase.

The purchase came after a fall: Patrick Industries Inc stock was down 28.5% over the 13 weeks before.

5 other insiders also bought at least $10,000 of PATK within 30 days, which makes this a cluster buy.

In the 12 months up to this filing, Patrick Industries Inc insiders reported 5 open-market purchases and 1 sale.

WallStPal Score: 67 out of 100, because of a brand-new position; a large purchase; 5 other insiders also bought; the stock had fallen 28.5% in the 13 weeks before.

What happened next: after 1 month the stock was up 2.3% (3.7 points worse than the S&P 500); after 3 months the stock was down 5.3% (9.9 points worse than the S&P 500). Based on weekly prices from the week of the purchase.

Our read

It is one of 5 insider purchases at PATK in the past year, the first open-market purchase by M. Scott Welch in our records, made after a 28.5% fall in 13 weeks, a setup where insider buying has historically mattered most. A single purchase is a data point, not a forecast: insiders can be early, and sometimes simply wrong.

Source: SEC Form 4 filing ↗. This story was written automatically from the filing and weekly price data. Information, not investment advice.

Examples

Big insider purchases have made news before. In January 2016, with bank stocks falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares, about $26 million of his own money, and the purchase was widely reported as a sign of confidence.

Explain it like I'm 13

M. Scott Welch helps run Patrick Industries Inc. Spending $886,671 of their own money on the company's stock is like a coach buying a big stack of tickets to their own team's games: it suggests they think the team will do well. It is not a promise, and insiders can be wrong.

More: all PATK insider trades · M. Scott Welch's track record