Rizvi Zafar A 4

4 · REX AMERICAN RESOURCES Corp · Filed Jun 17, 2026

AI-generated summary of this filing

Updated Jun 17, 2026

REX CEO Zafar Rizvi Receives Restricted Stock; Some Shares Withheld

What Happened

Zafar Rizvi, CEO, President and Director of REX American Resources Corp (REX), was granted restricted stock awards on 2026-06-15 totaling 112,494 shares (41,514 and 70,980 shares). Both awards are reported as acquisitions at $0.00 (award/vesting). To satisfy tax withholding on the vesting, 13,838 shares were withheld/disposed at $42.97 per share (value ≈ $594,619).

Key Details

Transaction dates/prices: Awards on 2026-06-15 at $0.00; shares withheld on 2026-06-15 at $42.97.
Net change: 112,494 shares awarded minus 13,838 shares withheld = net increase of 98,656 shares to Rizvi’s holdings (based on the reported transactions).
Shares owned after transaction: Not specified in the provided filing excerpt.
Footnotes of note:
- F1: A 2-for-1 stock split on 2025-09-08 led to additional prior share adjustments (359,547 shares added on 2025-09-15).
- F2 & F3: Restricted stock vests in one-third increments (some grants vest immediately; others vest over three years).
- F4: The 13,838-share disposition represents shares withheld by the issuer to satisfy tax withholding obligations upon vesting.
Filing timeliness: Reported period 2026-06-15, filed 2026-06-17 — appears filed within the Form 4 two-business-day requirement (not marked late).

Context

These transactions are vesting/award-related (code A) rather than open-market purchases or discretionary sales; the withheld disposition (code F) is a routine tax-withholding action, not an open-market sale. For retail investors, awards increase insider ownership but withholding reduces the net new shares received.

Form 4

Period: 2026-06-15

DirectorCEO, President

Transactions

Award
Common stock, $.01 par value
[F2][F1]
2026-06-15+41,514→ 760,608 total
Award
Common stock, $.01 par value
[F3]
2026-06-15+70,980→ 831,588 total
Tax Payment
Common stock, $.01 par value
[F4]
2026-06-15$42.97/sh−13,838$594,619→ 817,750 total

Footnotes (4)

[F1]On September 8, 2025, the common shares of REX American Resources Corporation split 2 for 1, resulting in the reporting person's acquisition of 359,547 additional shares of common stock on September 15, 2025.
[F2]Restricted Stock vesting in one-third increments with the first third vesting immediately and the remaining two years on the first two anniversaries of the grant.
[F3]Restricted Stock vesting in one-third increments on each of the first three anniversaries of the grant.
[F4]Represents shares withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock awards

Signature

Edward M. Kress, Attorney in Fact for Zafar Rizvi|2026-06-17

1 file