Zoned Properties director receives 200,000-share grant

FRIEDMAN ART reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

FRIEDMAN ART reported acquisition or exercise transactions in this Form 4 filing.

Zoned Properties, Inc. director Art Friedman received a grant of 200,000 shares of Common Stock as restricted stock awarded by the Board under the company’s 2016 Equity Incentive Plan. The grant was fully vested at issuance but remains subject to forfeiture and clawback provisions.

Following this equity award and a correction of an error in previously reported beneficial ownership totals, Friedman is reported as directly owning 340,000 shares of Zoned Properties common stock.

Insider Trade Summary

Grant/Award: 200,000 shares

Grant/Award 1 txn

Insider FRIEDMAN ART

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	200,000	$0.00	$0.00

Holdings After Transaction: Common Stock — 340,000 shares (Direct)

Footnotes (2)

1. F1. Represents a restricted stock grant by the issuer's Board of Directors pursuant to the 2016 Equity Incentive Plan. The grant was fully vested at issuance, subject to forfeiture and clawback provisions.
2. F2. The number of shares reported in this column reflects the correction of an error in the reporting person's previously reported total beneficial ownership.

FAQ

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

What insider transaction did Zoned Properties (ZDPY) report for Art Friedman?

Zoned Properties reported that director Art Friedman received a grant of 200,000 shares of Common Stock as restricted stock. The award was made by the Board under the 2016 Equity Incentive Plan and was fully vested at issuance, subject to forfeiture and clawback provisions.

Was the Zoned Properties (ZDPY) insider grant to Art Friedman an open-market purchase?

No, the 200,000 shares reported for Art Friedman represent a restricted stock grant, not an open-market purchase. The shares were awarded by the company’s Board under the 2016 Equity Incentive Plan at no stated purchase price per share.

How many Zoned Properties (ZDPY) shares does Art Friedman own after this transaction?

After the reported grant and a correction to prior reporting, Art Friedman is shown as directly owning 340,000 shares of Zoned Properties Common Stock. This figure reflects an updated beneficial ownership total noted in the filing’s footnotes.

What are the key terms of Art Friedman’s restricted stock grant from Zoned Properties (ZDPY)?

The filing states that the 200,000-share award is a restricted stock grant under the 2016 Equity Incentive Plan. It was fully vested at issuance, but it is still subject to potential forfeiture and clawback provisions imposed by the company.

Did the Zoned Properties (ZDPY) filing mention any corrections to Art Friedman’s past share reports?

Yes. A footnote explains that the 340,000-share total beneficial ownership reported after the transaction reflects a correction of an earlier error in Friedman’s previously reported ownership figure, updating the disclosed share count.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/17/2026 - 04:05 PM Learn about SEC filing dates

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^*

FRIEDMAN ART

(Last) (First) (Middle)

C/O ZONED PROPERTIES, INC.

8360 E. RAINTREE DRIVE #230

(Street)

SCOTTSDALE AZ 85260

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Zoned Properties, Inc. [ ZDPY ]

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)
01/28/2026

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	01/28/2026		A(1)		200,000	A(1)	$0	340,000(2)	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 a restricted stock grant by the issuer's Board of Directors pursuant to the 2016 Equity Incentive Plan. The grant was fully vested at issuance, subject to forfeiture and clawback provisions.

2. The number of shares reported in this column reflects the correction of an error in the reporting person's previously reported total beneficial ownership.

	/s/ Art Friedman	03/17/2026
	** 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.