Arts-Way (ARTW) Director Receives 1,000 Restricted Shares

Rhea-AI Filing Summary

Matthew Westendorf, a director of Arts-Way Manufacturing Co Inc (ARTW), was granted 1,000 fully-vested restricted shares on 08/31/2025 at a reported price of $0 under the director compensation plan. Following the award, Westendorf's beneficial ownership increased to 26,000 shares. The Form 4 was filed as a single reporting person filing and was signed by an attorney-in-fact.

Positive

• Director received 1,000 fully-vested restricted shares, increasing alignment with shareholders
• Beneficial ownership increased to 26,000 shares, providing transparency on insider holdings
• No derivative or sale activity reported, indicating no immediate insider liquidity event

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation awarded as fully vested restricted stock increases insider ownership but contains no exercised options or cash purchase.

The Form 4 discloses a standard equity grant to a director under the company's director compensation plan. The shares are fully vested at grant, which simplifies ownership reporting and avoids future vesting contingencies. As disclosed, the grant was recorded with a $0 price, consistent with many restricted stock awards that reflect no cash purchase by the recipient. There are no derivative transactions, option exercises, or sales reported. This is a governance-level disclosure that documents alignment through equity ownership but does not indicate unusual liquidity events or changes in control.

Securities Analyst

TL;DR: Insider received 1,000 shares as compensation, raising beneficial holdings to 26,000 shares; no disposals or derivative activity reported.

The filing shows a non-derivative acquisition of common stock by a director dated 08/31/2025. The addition of 1,000 shares at a reported price of $0 suggests a compensation grant rather than an open-market purchase. The total post-transaction holding is explicitly stated as 26,000 shares. The absence of sales or option activity means there is no immediate insider liquidity signal. This is a routine disclosure for investor transparency under Section 16.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Westendorf Matthew

(Last) (First) (Middle)

5556 HIGHWAY 9

(Street)

ARMSTRONG IA 50514

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ARTS WAY MANUFACTURING CO INC [ ARTW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/31/2025		A		1,000(1)	A	$0	26,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents fully-vested restricted stock granted pursuant to the director compensation plan.

	/s/ Michael W. Woods as Attorney-in-Fact for Matthew Westendorf	08/31/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Matthew Westendorf report for ARTW?

He reported the acquisition of 1,000 fully-vested restricted shares of ARTW on 08/31/2025 at a reported price of $0.

What is Matthew Westendorf's beneficial ownership after the transaction?

The Form 4 states a post-transaction beneficial ownership of 26,000 shares.

Was the Form 4 filed jointly or by one reporting person?

The form indicates it was filed by one reporting person (single filer).

Does the filing report any option exercises, sales, or derivative transactions?

No. Table II for derivative securities shows no activity, and Table I only reports the 1,000-share acquisition.

What was the nature of the shares granted?

The shares are described as fully-vested restricted stock granted pursuant to the director compensation plan.