Friedman Industries COO has 8,500 shares withheld

The COO's direct holdings after the tax withholding were 57,900 shares, following vesting of restricted stock awards.

Available on EDGAR 11/03/2026 - 02:50 PM EST Accepted by SEC EDGAR 11/03/2026 - 02:49 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Friedman Industries Inc. (FRD) Chief Operating Officer Gaurav Chhibbar had 8,500 shares of common stock withheld on November 1, 2026, to cover taxes due upon vesting of restricted stock awards. The reported price was $42.16 per share, and his direct holdings after the transaction were 57,900 shares. The transaction was not reported as being made under a Rule 10b5-1 plan.

Insider Trade Summary

Tax Withholding: 8,500 shares

Tax Withholding 1 txn

Insider Chhibbar Gaurav

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	8,500	$42.16	$358K

Holdings After Transaction: Common Stock — 57,900 shares (Direct)

Holdings Before and After: Common Stock, 66,400 to 57,900 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld to cover taxes due upon the vesting of restricted stock awards.

Key Figures

Shares withheld: 8,500 shares Reported price per share: $42.16 per share Direct holdings after transaction: 57,900 shares

3 metrics

Shares withheld 8,500 shares To cover taxes due upon vesting of restricted stock awards on November 1, 2026

Reported price per share $42.16 per share November 1, 2026 transaction

Direct holdings after transaction 57,900 shares Gaurav Chhibbar's reported position after the transaction

Key Terms

restricted stock awards, vesting, tax liability

3 terms

restricted stock awards financial

"vesting of restricted stock awards"

Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.

vesting financial

"taxes due upon the vesting"

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.

tax liability financial

"Payment of tax liability by delivering or withholding securities"

FAQ

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

How many FRD shares did COO Gaurav Chhibbar have withheld?

On November 1, 2026, Chief Operating Officer Gaurav Chhibbar had 8,500 shares withheld to cover taxes due upon vesting of restricted stock awards. The reported price was $42.16 per share, and no Rule 10b5-1 plan is reported.

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^*

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)
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		F(1)		8,500	D	$42.16	57,900	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 withheld to cover taxes due upon the vesting of restricted stock awards.

	/s/ Gaurav Chhibbar	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)