FreightCar America (NASDAQ: RAIL) officer reports tax share sale

Rhea-AI Filing Summary

FreightCar America, Inc. Corporate Controller & CAO Juan Carlos Fuentes Sierra reported a Form 4 transaction involving company common stock. On January 6, 2026, 5,266 shares of common stock were withheld by the company at $10.76 per share to satisfy his tax withholding obligations, coded as transaction type F (tax withholding). After this transaction, he beneficially owned 41,384 shares of common stock directly. The filing notes that this Form 4 was submitted late due to an inadvertent administrative error.

Insights

Equity compensation & insider transactions analyst

Routine tax withholding on equity compensation; neutral insider signal.

The filing shows Juan Carlos Fuentes Sierra, Corporate Controller & CAO of FreightCar America, Inc., had 5,266 common shares withheld on January 6, 2026 at $10.76 per share. The transaction is coded F, which is used when shares are withheld to cover tax obligations arising from equity awards.

This means the shares were not sold in an open-market discretionary trade but retained by the company to satisfy tax withholding for the reporting person. After the transaction, he directly held 41,384 shares, indicating continued ownership. A footnote states the Form 4 was filed late due to an inadvertent administrative error, which frames the timing as an administrative issue rather than a change in trading intent.

The event is administrative and compensation-related rather than a strategic sale, so its impact on an investment thesis is limited. It does, however, provide transparency into ongoing equity compensation and the officer’s remaining shareholdings as of this transaction date.

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^*

Fuentes Sierra Juan Carlos

(Last) (First) (Middle)

125 SOUTH WACKER DRIVE

SUITE 1500

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FreightCar America, Inc. [ RAIL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Corporate Controller & CAO

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

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	01/06/2026(1)		F(2)		5,266	D	$10.76	41,384	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. This Form 4 is being filed late due to inadvertent administrative error.

2. Shares withheld by the Company to satisfy tax withholding obligations of the Reporting Person.

	/s/ Michael A. Riordan, as attorney in fact	01/12/2026
	** 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.

FAQ

Who is the insider in this FreightCar America (RAIL) Form 4 filing?

The Form 4 reports a transaction by Juan Carlos Fuentes Sierra, who serves as Corporate Controller & Chief Accounting Officer of FreightCar America, Inc..

What type of transaction did the FreightCar America (RAIL) officer report?

The officer reported a transaction coded F, reflecting shares of common stock withheld by the company to satisfy his tax withholding obligations related to equity compensation.

How many FreightCar America (RAIL) shares were involved and at what price?

The transaction involved 5,266 shares of FreightCar America common stock at a price of $10.76 per share, withheld for tax purposes.

How many FreightCar America (RAIL) shares does the insider own after this Form 4 transaction?

Following the reported transaction, the officer beneficially owned 41,384 shares of FreightCar America common stock, held directly.

Was this FreightCar America (RAIL) Form 4 filing timely?

A footnote states that the Form 4 was filed late due to inadvertent administrative error, indicating the delay was characterized as administrative.

Does this FreightCar America (RAIL) Form 4 indicate an open-market sale by the officer?

No. The transaction is described as shares withheld by the company to satisfy tax withholding obligations, not an open-market sale initiated by the officer.