CF Industries exec sells shares after stock grant

CF Industries Holdings, Inc. senior vice president Ashraf K. Malik reported multiple stock transactions involving the company’s common shares.

Rhea-AI Filing Summary

CF Industries Holdings, Inc. senior vice president Ashraf K. Malik reported multiple stock transactions involving the company’s common shares. On February 27, 2026, he acquired 4,064 shares at $0.00 per share as a performance restricted stock unit award earned for a three-year period ending December 31, 2025, and surrendered 1,625 shares back to the company to cover tax withholding on the vesting. On March 2, 2026, he completed an open-market sale of 8,631 shares at a weighted average price of $103.0814 per share, from multiple trades between $103.0701 and $103.1500. After these transactions, he directly owned 6,738 shares of CF Industries common stock.

Insider Trade Summary

Net Seller: 8,631 shares

Net Sell 3 txns

Insider Malik Ashraf K

Role Sr. VP, Manufacturing & D'istn

Sold 8,631 shs ($890K)

Type	Security	Shares	Price	Value
Sale	Common stock, par value $0.01 per share	8,631	$103.0814	$890K
Grant/Award	Common stock, par value $0.01 per share	4,064	$0.00	$0.00
Exercise Price or Tax Liability	Common stock, par value $0.01 per share	1,625	$99.54	$162K

Holdings After Transaction: Common stock, par value $0.01 per share — 6,738 shares (Direct)

Footnotes (3)

1. F1. Reflects shares of common stock earned pursuant to a performance restricted stock unit (PRSU) award granted in 2023, as determined by the Compensation and Management Development Committee based on pre-established performance metrics for the three-year performance period ended December 31, 2025.
2. F2. The reporting person surrendered shares of common stock to the company in order to fulfill tax withholding obligations upon the vesting of performance restricted stock units (PRSUs).
3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.0701 to $103.1500, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did CF (CF Industries) report for Ashraf K. Malik?

Ashraf K. Malik reported a grant of 4,064 CF Industries shares, a 1,625-share surrender to cover taxes, and an open-market sale of 8,631 shares at a weighted average price of $103.0814 per share, leaving him with 6,738 directly owned shares.

How many CF Industries shares did Ashraf K. Malik sell in the latest Form 4?

Ashraf K. Malik sold 8,631 CF Industries common shares in an open-market transaction. The weighted average sale price was $103.0814 per share, based on multiple trades executed between $103.0701 and $103.1500, as disclosed in the Form 4 filing’s footnotes.

What stock award did Ashraf K. Malik receive from CF Industries?

He received 4,064 shares of CF Industries common stock at $0.00 per share. These shares were earned from a performance restricted stock unit award granted in 2023, determined by pre-established performance metrics for a three-year performance period ending December 31, 2025.

Why did Ashraf K. Malik surrender CF Industries shares on February 27, 2026?

He surrendered 1,625 CF Industries shares back to the company to cover tax withholding obligations. This occurred upon the vesting of his performance restricted stock units, and was reported as a tax-withholding disposition transaction in the Form 4 filing’s details and footnotes.

How many CF Industries shares does Ashraf K. Malik own after these transactions?

After the reported grant, tax-withholding surrender, and open-market sale, Ashraf K. Malik directly owns 6,738 CF Industries common shares. This post-transaction ownership figure is disclosed in the Form 4 as the total shares held following the March 2, 2026 sale.

What price range applied to Ashraf K. Malik’s CF Industries share sale?

The reported weighted average sale price was $103.0814 per share. According to the footnotes, the 8,631 shares were sold in multiple transactions at prices ranging from $103.0701 to $103.1500, and detailed trade breakdowns are available upon request.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/03/2026 - 04:18 PM Learn about SEC filing dates

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^*

Malik Ashraf K

(Last) (First) (Middle)

C/O CF INDUSTRIES HOLDINGS, INC.

2375 WATERVIEW DRIVE

(Street)

NORTHBROOK IL 60062

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CF Industries Holdings, Inc. [ CF ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, Manufacturing & D'istn

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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, par value $0.01 per share	02/27/2026		A		4,064(1)	A	$0	16,994	D
Common stock, par value $0.01 per share	02/27/2026		F		1,625(2)	D	$99.54	15,369	D
Common stock, par value $0.01 per share	03/02/2026		S		8,631	D	$103.0814(3)	6,738	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. Reflects shares of common stock earned pursuant to a performance restricted stock unit (PRSU) award granted in 2023, as determined by the Compensation and Management Development Committee based on pre-established performance metrics for the three-year performance period ended December 31, 2025.

2. The reporting person surrendered shares of common stock to the company in order to fulfill tax withholding obligations upon the vesting of performance restricted stock units (PRSUs).

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.0701 to $103.1500, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.

	/s/ Michael P. McGrane, by power of attorney	03/03/2026
	** 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.