Rizvi Zafar A 4

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.