Klopfenstein John D 4

What Happened
John D. Klopfenstein, Controller and Chief Accounting Officer of FRP Holdings, reported a disposition to the issuer on 2026-03-10: 276 restricted shares were forfeited back to the company at $0.00, resulting in no cash proceeds. The filing notes these shares were originally granted on January 1, 2024 and were forfeited because the issuer did not achieve the target performance criteria (see footnote F1). This was not an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-10; Report filed: 2026-03-12 (timely filing).
• Transaction type/code: D (Disposition to issuer) — 276 shares @ $0.00; total value $0.
• Shares owned after transaction: not specified in the reported data.
• Footnote F1: Forfeiture of restricted stock granted 1/1/2024 due to unmet performance targets.
• No 10b5-1 plan, tax-withholding, or late-filing indication in this report.

Context
Forfeiture of performance-based restricted stock reflects grant conditions not being met and is different from an insider selling shares for cash. Such forfeitures are procedural and do not necessarily indicate the insider’s view of the company’s prospects.