Arts-Way Manufacturing Insider Sale: CFO Cuts Holding by 17%

Rhea-AI Filing Summary

Arts-Way Manufacturing (ARTW) Chief Financial Officer Michael W. Woods reported an open-market sale of 7,592 common shares on 07/29/2025, according to a Form 4 filed 07/31/2025. The shares were sold at an average price of $3.3105, yielding roughly $25,150 in gross proceeds.

After the transaction, Woods’ direct holding stands at 36,597 shares. The position consists of 17,598 fully-vested shares and 18,999 restricted shares scheduled to vest between January 2026 and January 2028, indicating continued long-term exposure.

The disposal represents an estimated 17% reduction from his prior 44,189-share stake. No derivative securities were bought or sold, and no other insiders are listed in the filing.

Positive

• None.

Negative

• CFO sold 7,592 shares at $3.3105, cutting his stake by roughly 17%, which may be viewed as a mildly bearish insider signal.

Insights

Financial Analyst

TL;DR: CFO trimmed position by 7,592 shares (~17%); still holds 36.6k shares—mild negative insider signal.

Insider activity is a valuable sentiment gauge. A CFO’s sale, even modest, can raise questions about near-term outlook. At ~$3.31, the sale equates to ~$25k, suggesting liquidity rather than a strategic exit, but it nonetheless reduces ownership. Woods retains a sizable 36.6k-share stake, including unvested awards, which keeps incentives aligned. No accompanying purchases or option exercises soften the perception. Overall impact is slightly negative but not alarming given the limited dollar size.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Woods Michael William

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

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	07/29/2025		S		7,592	D	$3.3105	36,597(1)	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. Includes (i) 17,598 shares of fully vested stock; (ii) 2,333 shares of restricted stock for which risks of forfeiture lapse on 1/26/2026; (iii) 6,666 shares of restricted stock for which risks of forfeiture lapse as to 3,333 shares on each of 2/7/2026 and 2/7/2027; and (iv) 10,000 shares of restricted stock for which risks of forfeiture lapse as to 3,334 shares on 1/24/2026 and as to 3,333 shares on each of 1/24/2027 and 1/24/2028

	/s/ Michael W. Woods	07/31/2025
	** 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

How many ARTW shares did the CFO sell?

He sold 7,592 shares of Arts-Way Manufacturing common stock.

What price did Michael W. Woods receive for the shares?

The average sale price reported was $3.3105 per share.

How many ARTW shares does the CFO own after the sale?

Following the transaction, Woods directly holds 36,597 shares.

Did the filing report any derivative transactions?

No. The Form 4 lists no purchases or sales of options or other derivative securities.

When will the CFO’s restricted shares vest?

Restricted shares vest on 1/26/2026, 2/7/2026, 2/7/2027, 1/24/2026, 1/24/2027, and 1/24/2028 according to the schedule in the filing.