The Board of Directors of Dream Finders Homes, Inc. expanded the number of directors to six members and appointed Leonard M. Sturm to serve as director on the Board. The Board has appointed Mr. Sturm to serve as the Chairman of the Audit Committee and a member of the Nominating and Governance Committee, effective On September 30, 2022. The Board has determined that Mr. Sturm qualifies as an “audit committee financial expert”, as such term is defined in Item 407(d) of Regulation S-K. Mr. Sturm is also independent under the rules of the New York Stock Exchange and the NASDAQ markets.

Justin W. Udelhofen, the previous Audit Committee Chairman, will remain a director on the Board and will continue to serve on the Audit Committee. Furthermore, Mr. Udelhofen has been appointed to the Compensation Committee, effective immediately. Mr. Sturm retired at the end of 2014 as an audit partner in the New York office of KPMG LLP (“KPMG”) after a thirty-seven year career conducting financial statement audits of primarily public companies and audits of internal controls under Section 404 of the Sarbanes-Oxley Act.

He was a member of the New York audit leadership team for a number of years through 2012, and subsequently joined KPMG's department of professional practice, assuming certain national responsibilities for KPMG's quality review process until his retirement. Mr. Sturm also served as a member of KPMG's audit committee for three years. Mr. Sturm's audit clients included Cablevision Systems Corporation, Aeroflex Incorporated, Excel Technology Inc., AMC Networks Inc. and Canon.

During his tenure at KPMG, Mr. Sturm authored the annual “Metropolitan New York Regional Software Industry Outlook”, which provided comprehensive industry analysis and benchmarking data. Mr. Sturm was also a founder and treasurer on the board of directors of LISTnet, was the chairman of the board of directors for the Long Island Software and Technology Incubator, served as the treasurer on the board of directors of Gold Coast Villas Association and served as a member on the board of directors of the Huntington Chamber of Commerce. He also served as president of the New York Chapter of the Association of Government Accountants, was a member on the defense contractor committee of the American Institute of CPA's and co-authored the “Government Contractors Industry Audit and Accounting Guide.” Mr. Sturm, age 68, currently serves as a member of the board of directors and chairman of the audit committee of Jolley Holding Aruba, which consists of numerous companies that operate in commercial real estate and car dealership, rental, retail and wholesale businesses.

In that capacity, Mr. Sturm assists in board oversight of the integrity of the financial statements, the monitoring and management of financial risks, the effectiveness of internal financial controls, compliance with regulatory requirements and the work of the independent auditors and the internal audit function.