[Form 4] FRIEDMAN INDUSTRIES INC Insider Trading Activity

Rhea-AI Filing Summary

Sharon L. Taylor, a director of Friedman Industries Inc. (FRD), reported acquiring 457 shares of restricted common stock on 10/01/2025. The reported acquisition price per share is $21.9. Following the transaction, Ms. Taylor beneficially owns 7,869 shares. The restricted shares carry a Code V legend, and the filing states they will vest 100% on October 1, 2026, conditional on her continued service as a board member. The Form 4 is signed and dated 10/03/2025.

Positive

• Director alignment: Acquisition of 457 restricted shares that vest in one year aligns the director with shareholder interests
• Transparent disclosure: Form 4 reports post‑transaction beneficial ownership of 7,869 shares

Negative

• None.

Insights

Corporate Governance Expert

Director stock award vests in one year; aligns interests with shareholders.

Ms. Taylor received 457 restricted shares that vest 100% on October 1, 2026 subject to continued board service, which is a common retention structure for directors. This connects a director's compensation to long‑term ownership rather than immediate sale.

The filing shows total beneficial ownership of 7,869 shares and an acquisition price of $21.9 per share for the restricted award; these are factual disclosure points that inform ownership concentration and potential director incentives.

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

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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^*

Taylor Sharon L

(Last) (First) (Middle)

4200 STONE ROAD

(Street)

KILGORE TX 75662

(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	7,869	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/ Sharon L. Taylor	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 Sharon L. Taylor report on Form 4 for FRD?

She reported acquiring 457 restricted shares of FRD common stock on 10/01/2025 at $21.9 per share and now beneficially owns 7,869 shares.

When do the restricted shares reported by Sharon L. Taylor vest?

The filing states the 457 restricted shares will vest 100% on October 1, 2026, subject to continued service as a director.

What does Code V mean on this Form 4?

Code V indicates the securities are restricted stock awards subject to vesting conditions; the filing explicitly states the 100% vesting date.

How many FRD shares does Sharon L. Taylor beneficially own after the transaction?

Following the reported transaction, she beneficially owns 7,869 shares.