Frierson Daniel K Jr. 4

What Happened

• Daniel K. Frierson Jr., Chief Operating Officer of Dixie Group Inc. (DXYN), converted 4,882 shares of Class B Common Stock into 4,882 shares of Common Stock on 2026-03-31 (reported as a conversion at $0.00 per share). On the same date he surrendered 5,515 shares to the company to satisfy income tax withholding related to restricted stock vesting; those shares were valued at $0.40 per share for a cash equivalent of $2,206.
• The conversion (transaction code C) effectively increased his common shares without a cash purchase. The surrender (transaction code F) is a tax-withholding event (not an open-market sale).

Key Details

• Transaction dates: 2026-03-31; filing date: 2026-04-01 (filed timely).
• Conversion: 4,882 shares acquired via conversion of Class B Common Stock at $0.00 (Footnote F1).
• Tax withholding: 5,515 shares surrendered at $0.40/share, total $2,206 (Footnote F2).
• Shares owned after the transactions: not specified in the provided filing.
• Transaction codes: C = conversion of a derivative security; F = shares surrendered to satisfy tax withholding.

Context

• Converting Class B shares to common typically reflects a change in share class status or voting/transfer mechanics and is not an open-market purchase; it does not necessarily signal a bullish or bearish view.
• Surrendering shares for taxes is routine when restricted stock vests and should be viewed as a withholding action rather than a discretionary sale.