REX (REX) CEO Form 4/A corrects invalid 20,757-share award
Filing Impact
Filing Sentiment
Form Type
4/A
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rizvi Zafar A
Role
CEO, President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common stock, $.01 par value | -- | -- | -- |
Holdings After Transaction:
Common stock, $.01 par value — 359,547 shares (Direct)
Footnotes (1)
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FAQ
What does the amended Form 4/A for REX (REX American Resources) report?
The amended Form 4/A corrects an earlier insider filing by CEO and President Zafar Rizvi, clarifying that a previously reported grant of 20,757 restricted shares was never actually issued.
Why did REX American Resources need to amend this Form 4?
The amendment was needed because a prior Form 4 mistakenly reported a restricted stock grant that could not occur, as the REX American Resources 2015 Incentive Plan had already expired according to its terms.
What roles does the reporting person hold at REX American Resources?
The reporting person is a director, CEO, and President of REX American Resources Corp.
Does this Form 4/A indicate any new stock grant for REX's CEO?
No. The Form 4/A states that the previously reported restricted stock grant was invalid and confirms that, as of June 16, 2025, the reporting person owned only 359,547 shares of common stock.