Friedman Industries awards Reichenthal 238 shares

The grant's reported transaction price was $0.0000 per share.

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

Rhea-AI Filing Summary

Friedman Industries Inc. (FRD) director Max Alan Reichenthal acquired 238 shares of restricted Common Stock on November 1, 2026. The award will vest 100% on November 1, 2027, subject to continued service as a member of the board. Reichenthal's reported direct holdings following the award were 34,127 shares.

Insider Trade Summary

Grant/Award: 238 shares

Grant/Award 1 txn

Insider Reichenthal Max Alan

Role Director

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

Holdings After Transaction: Common Stock — 34,127 shares (Direct)

Holdings Before and After: Common Stock, 33,889 to 34,127 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

Restricted Common Stock acquired: 238 shares Reported direct holdings after award: 34,127 shares Vesting: 100% +1 more

4 metrics

Restricted Common Stock acquired 238 shares November 1, 2026

Reported direct holdings after award 34,127 shares Following the November 1, 2026 award

Vesting 100% November 1, 2027, subject to continued board service

Reported transaction price $0.0000 per share Restricted Common Stock award

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 of Directors"

FAQ

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

How many FRD shares did director Max Alan Reichenthal acquire?

Max Alan Reichenthal acquired 238 shares of restricted Common Stock on November 1, 2026. His reported direct holdings following the award were 34,127 shares.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Reichenthal Max Alan

(Last) (First) (Middle)

865 LOCKWOOD DRIVE

(Street)

HOUSTON TEXAS 77020

(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	34,127	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/ Max Reichenthal	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)