FISHER LEE 4

What Happened
Lee Fisher, a director of REX American Resources Corporation (REX), was awarded two restricted stock grants on June 15, 2026 totaling 4,423 shares (2,096 and 2,327 shares). The awards were reported at $0.00 per share (no cash paid); they are equity compensation (an award), not open-market purchases or sales.

Key Details

• Transaction date(s): June 15, 2026; Form 4 filed June 17, 2026 (timely).
• Grants: 2,096 shares and 2,327 shares; reported price $0.00 (restricted stock awards).
• Total shares awarded on this filing: 4,423 shares; no cash exchanged at grant.
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: A 2-for-1 share split on Sept 8, 2025 resulted in the reporting person receiving 7,096 additional shares on Sept 15, 2025.
  • F2: One restricted-stock award vests in one-third increments with the first third vesting immediately and the remaining two-thirds vesting on the first two anniversaries of the grant.
  • F3: The other restricted-stock award vests in one-third increments on each of the first three anniversaries of the grant.
• Filing timeliness: filed within two business days of the reported transaction date (not marked late).

Context
These entries are compensation awards (A = Award/Grant). Restricted stock awards carry vesting schedules (see F2/F3), so the shares are not fully transferable immediately; vesting timing determines when Fisher obtains unrestricted ownership. The F1 note documents a prior 2-for-1 split that increased the insider’s share count in 2025. Awards do not by themselves indicate buying or selling intent—they are part of director compensation and will only represent additional usable shares as they vest.