[Form 4] FRIEDMAN INDUSTRIES INC Insider Trading Activity

Rhea-AI Filing Summary

Director Sandra K. Scott reported a non-derivative acquisition of 457 shares of Friedman Industries Inc. (FRD) on 10/01/2025 at a reported price of $21.9 per share. Following the grant, Ms. Scott beneficially owns 9,569 shares in total. The shares are restricted common stock that will vest 100% on October 1, 2026, conditioned on continued service on the issuer’s board. The Form 4 was signed and filed by Ms. Scott on 10/03/2025. This filing records a routine equity award to a director tied to service and does not disclose any cash sale or derivative transactions.

Positive

• Director alignment: Grant of 457 restricted shares vests 100% on 10/01/2026, aligning director incentives with shareholders
• No dispositions: Filing shows an acquisition only, with no sales or derivatives that would reduce insider ownership

Negative

• None.

Insights

Corporate Governance Analyst

Director received time‑based restricted stock that vests 100% on Oct 1, 2026.

The filing shows a 457-share grant at $21.9 to board member Sandra K. Scott, increasing her beneficial ownership to 9,569 shares. The award is restricted stock subject to a one‑year service vesting condition, aligning the director’s interests with long‑term shareholder outcomes.

This is a governance action rather than market trading: no derivative activity or disposition was reported, and the vesting schedule creates a retention incentive through 10/01/2026.

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
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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).

1. Name and Address of Reporting Person^*

Scott Sandra Kay

(Last) (First) (Middle)

11503 BISTRO LANE

(Street)

HOUSTON TX 77082

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FRIEDMAN INDUSTRIES INC [ FRD ]

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)
10/01/2025

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	10/01/2025		A		457(1)	A	$21.9	9,569	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 shares of restricted Common Stock which will vest 100% on October 1, 2026, subject to continued service as a member of the Board of Directors of the issuer.

	/s/ Sandra K. Scott	10/03/2025
	** 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 did FRD insider Sandra K. Scott acquire on 10/01/2025?

She acquired 457 shares of Friedman Industries Inc. common stock at a reported price of $21.9 per share.

How many FRD shares does Sandra K. Scott own after this Form 4?

Following the reported transaction, she beneficially owns 9,569 shares.

When do the restricted shares reported on this Form 4 vest?

The restricted shares vest 100% on October 1, 2026, subject to continued board service.

Was this filing a sale or disposal of FRD securities?

No. The Form 4 reports an acquisition only; there are no dispositions listed.

Who signed and filed the Form 4 for FRD?

The Form 4 was signed and filed by Sandra K. Scott on 10/03/2025.