REX American Resources amends Form 4 on 20,757-share grant
REX American Resources Corp filed an amended Form 4 to correct a previous insider ownership report for CEO and President Zafar Rizvi, who is also a director.
Rhea-AI Filing Summary
REX American Resources Corp filed an amended Form 4 to correct a previous insider ownership report for CEO and President Zafar Rizvi, who is also a director. A prior filing had shown that on June 16, 2025 he received a grant of 20,757 shares of restricted stock under the REX American Resources 2015 Incentive Plan.
The company later determined that no restricted stock was actually issued because the incentive plan had expired 15 days before the reported grant date. The amendment clarifies that, as of June 16, 2025, the reporting person owned 359,547 shares of common stock directly, with no additional restricted stock from that grant.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common stock, $.01 par value | -- | -- | -- |
Footnotes (1)
- F1. On June 17, 2025, the reporting person mistakenly filed a Form 4 reporting receipt on June 16, 2025, of a grant of 20,757 shares of Restricted Stock under the REX American Resources 2015 Incentive Plan. It was subsequently determined that no Restricted Stock was actually issued because the plan had expired in accordance with its terms 15 days prior to the grant. As of June 16, 2025, the reporting person owned only 359,547 shares of common stock.
FAQ
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What does the amended Form 4/A for REX (REX American Resources) report?
Why did REX American Resources need to amend this Form 4?
What roles does the reporting person hold at REX American Resources?
Does this Form 4/A indicate any new stock grant for REX's CEO?
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