Friedman Industries awards Williams 238 shares

The restricted shares will vest 100% on November 1, 2027, subject to continued service as a member of the board.

Available on EDGAR 11/03/2026 - 11:25 AM EST Accepted by SEC EDGAR 11/03/2026 - 11:24 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Friedman Industries director Joe L. Williams acquired 238 restricted Common Stock shares as an award on November 1, 2026. His reported direct holdings after the transaction were 32,940 shares.

Insider Trade Summary

Grant/Award: 238 shares

Grant/Award 1 txn

Insider WILLIAMS JOE L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	238	$0.00	$0.00

Holdings After Transaction: Common Stock — 32,940 shares (Direct)

Holdings Before and After: Common Stock, 32,702 to 32,940 shares (Direct)

Footnotes (1)

1. F1. Represents shares of restricted Common Stock which will vest 100% on November 1, 2027, subject to continued service as a member of the Board of Directors of the issuer.

Key Figures

Award shares: 238 shares Direct holdings after transaction: 32,940 shares Vesting percentage: 100% +2 more

5 metrics

Award shares 238 shares Acquired November 1, 2026

Direct holdings after transaction 32,940 shares Reported position after the award

Vesting percentage 100% Restricted shares vest November 1, 2027, subject to continued board service

Transaction date November 1, 2026 Award of restricted Common Stock

Vesting date November 1, 2027 Subject to continued service as a member of the board

Key Terms

restricted Common Stock, vest, continued service

3 terms

restricted Common Stock financial

"shares of restricted Common Stock"

Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.

vest financial

"will vest 100% on November 1, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

continued service technical

"subject to continued service as a member of the Board"

FAQ

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

How many FRD shares did director Joe L. Williams acquire?

Joe L. Williams acquired 238 restricted Common Stock shares as an award on November 1, 2026. His reported direct holdings after the transaction were 32,940 shares.

When do Joe L. Williams’s FRD restricted shares vest?

The 238 restricted shares will vest 100% on November 1, 2027, subject to continued service as a member of the board.

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

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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^*

WILLIAMS JOE L

(Last) (First) (Middle)

4550 POST OAK PLACE, SUITE 227

(Street)

HOUSTON TEXAS 77027

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/01/2026

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

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

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

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	11/01/2026		A		238(1)	A	$0	32,940	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 November 1, 2027, subject to continued service as a member of the Board of Directors of the issuer.

	/s/ Joe L. Williams	11/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)