Friedman Industries COO granted 15,000 shares

Chhibbar Gaurav reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Chhibbar Gaurav reported acquisition or exercise transactions in this Form 4 filing.

Friedman Industries Chief Operating Officer Gaurav Chhibbar reported an equity compensation award of 15,000 shares of restricted Common Stock on June 3, 2026, at a grant price of $0.00 per share. Following this grant, he directly holds 66,400 Common shares.

According to the award terms, half of the restricted shares will vest in equal amounts each year over three years starting April 1, 2026. The remaining half will vest based on performance criteria tied to earnings before tax and levels of accounts receivable, inventory, and property, plant and equipment over a three-year period beginning on the same date. All vesting is contingent on his continued employment with the company.

Insider Trade Summary

Grant/Award: 15,000 shares

Grant/Award 1 txn

Insider Chhibbar Gaurav

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	15,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 66,400 shares (Direct)

Footnotes (1)

1. F1. Represents shares of restricted Common Stock. Half of the shares will vest in equal amounts each year for three years commencing on April 1, 2026. Half of the shares will vest depending on performance criteria related to earnings before tax and amounts of accounts receivable, inventory and property, plant and equipment over a three-year period commencing April 1, 2026. Vesting for all shares is subject to continued employment with the issuer.

Key Figures

Restricted stock grant: 15,000 shares Grant price: $0.00 per share Post-grant holdings: 66,400 shares +2 more

5 metrics

Restricted stock grant 15,000 shares Common Stock award on June 3, 2026

Grant price $0.00 per share Equity compensation, not open-market purchase

Post-grant holdings 66,400 shares Total Common Stock directly held after transaction

Time-based vesting start April 1, 2026 Half of restricted shares vest equally over three years

Performance period start April 1, 2026 Half vests over three years based on EBT and asset metrics

Key Terms

restricted Common Stock, vesting, earnings before tax, performance criteria, +1 more

5 terms

restricted Common Stock financial

"Represents 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.

vesting financial

"Half of the shares will vest in equal amounts each year"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

earnings before tax financial

"performance criteria related to earnings before tax"

performance criteria financial

"will vest depending on performance criteria related to earnings before tax"

continued employment financial

"Vesting for all shares is subject to continued employment with the issuer."

Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.

FAQ

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

What insider transaction did Friedman Industries (FRD) report for Gaurav Chhibbar?

Friedman Industries reported its COO, Gaurav Chhibbar, received 15,000 shares of restricted Common Stock as an equity award. The grant was recorded on June 3, 2026, at a price of $0.00 per share and is subject to multi-year vesting conditions.

How many Friedman Industries (FRD) shares does the COO hold after this Form 4?

After the reported grant, COO Gaurav Chhibbar directly holds 66,400 shares of Friedman Industries Common Stock. This figure includes the newly awarded 15,000 restricted shares, which will vest over time and based on performance conditions starting April 1, 2026.

How do the 15,000 restricted shares for FRD’s COO vest over time?

Half of the 15,000 restricted Friedman Industries shares vest in equal amounts each year for three years starting April 1, 2026. The remaining half vests over the same three-year period, but only if specified performance criteria are achieved and employment continues.

What performance criteria affect the vesting of FRD’s COO restricted stock grant?

Vesting of half the COO’s restricted Friedman Industries shares depends on performance criteria tied to earnings before tax and levels of accounts receivable, inventory, and property, plant and equipment over a three-year period beginning April 1, 2026, plus continued employment.

Is the Friedman Industries (FRD) COO’s stock grant an open-market purchase or compensation award?

The 15,000-share transaction is a compensation-related award, not an open-market purchase. It is classified as a grant or other acquisition at $0.00 per share, with vesting based on time, performance targets and continued employment with Friedman Industries.

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

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Accepted by SEC EDGAR 06/22/2026 - 05:10 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^*

Chhibbar Gaurav

(Last) (First) (Middle)

18812 GRAPE SEED COVE

(Street)

AUSTIN TEXAS 78738

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026

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	06/03/2026		A		15,000(1)	A	$0	66,400	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. Half of the shares will vest in equal amounts each year for three years commencing on April 1, 2026. Half of the shares will vest depending on performance criteria related to earnings before tax and amounts of accounts receivable, inventory and property, plant and equipment over a three-year period commencing April 1, 2026. Vesting for all shares is subject to continued employment with the issuer.

	/s/ Gaurav Chhibbar	06/22/2026
	** 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)