Patrick O. Zalupski

President, CEO, and Chairman of the Board at Dream Finders Homes

Board

Since January 2021

Age

44 years

Education

Holds a B.A. in Finance from Stetson University.

Tenure

Began with the founding of Dream Finders Homes LLC in December 2008 as CEO and later became President, CEO, and Chairman of the Board in January 2021.

Also at Dream Finders Homes

LAF

L. Anabel Fernandez

Senior Vice President and CFO

About

Patrick O. Zalupski is a seasoned executive known for his robust expertise in financial management and real estate. He started his professional journey with roles in financial auditing at FedEx and real estate sales, gradually moving into leadership positions that underscored his ability to steer company growth.

In December 2008, he founded Dream Finders Homes LLC, marking the beginning of a transformative era at DFH, which expanded from closing 27 homes in its initial year to over 38,000 homes closed by the end of 2024. His early experience in the industry laid a solid foundation for the strategic decisions that fueled DFH's growth across the Southeast, Mid-West, and Mid-Atlantic regions.

In January 2021, he took on the role of President, CEO, and Chairman of the Board at DFH, further solidifying his leadership and vision for the company. His continuous contribution and strategic foresight have been central to DFH's evolution, reflecting both his personal dedication and the operational strengths that have driven DFH to become a significant player in the U.S. homebuilding industry.

$DFH Performance Under Patrick O. Zalupski

Past Roles

Organization	Role	Date Range	Details
Dream Finders Homes LLC	Founder & Chief Executive Officer	December 2008 - Prior to current role	Formed DFH LLC and served as CEO; also served as a board member since 2014
Bay Street Condominiums, LLC	Managing Partner	2006 - 2008	Operated in real estate sales and construction industry
FedEx Corporation	Financial Auditor	N/A [N/A]	Worked in the Internal Audit Department in Memphis, Tennessee

External Roles

Organization	Role	Date Range	Details
DF Capital Management, LLC	Investment Committee Member	Since April 2018	Focused on investments in land banks and land development joint ventures
Jet Home Loans, LLC	Board Member	Since December 2017	Mortgage banking joint venture

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,150,000	Annual	Fixed annual base salary.
Employer Contributions to 401(k)	$11,550	Per plan guidelines	Regular employer contributions per the 401(k) plan.
Perquisites	$361,362	Annual benefits	Includes Company-chartered aircraft usage: $264,774 , Use of leased property: $84,088 , Golf membership: $12,500.

Performance Compensation

Data from FY 2023

Non-equity Incentive Plan Compensation

Metric [USD millions]	Threshold	Target	Maximum	Actual	Payout Range	Incentive Target [USD]
Adjusted Pre-Tax Income	$240	$300	$375	$404	140% (max payout)	$3,750,000

Evaluation Period: 2023
Vesting Schedule: Not applicable (Cash incentive)

Stock Awards

Metric	Details
Grant Date	March 8, 2023
Grant Date Fair Value [USD]	$4,622,282
Vesting Schedule	Restricted Stock Units vest equally over 3 years; first vest on March 8, 2024
Performance Metrics	Based on Adjusted Pre-Tax Income: Threshold $240M, Target $300M, Maximum $375M; includes Return on Participating Equity (min 25%), Home Closings (min 6,700), and Net Debt to Capitalization Ratio (max 45%)
Stock Price as of Dec 31, 2023	$35.53 per share

Evaluation Period: 2023