Gaurav Chhibbar, Chief Operating Officer of Friedman Industries Inc, filed a Form 4 on November 3, 2026, disclosing a disposition of 8,500 shares of common stock on November 1, 2026, to cover taxes upon the vesting of restricted stock awards.

Key Highlights

  • Reporting person: Gaurav Chhibbar, Chief Operating Officer of Friedman Industries Inc (NASDAQ:FRD)
  • Transaction date: November 1, 2026
  • Transaction type: 8,500 shares of common stock disposed of (transaction code F) at $42.16 per share
  • Purpose: Shares were withheld to cover taxes due upon the vesting of restricted stock awards, according to the filing
  • Remaining ownership: 57,900 shares of common stock held directly following the transaction

Chhibbar's November 2026 Tax-Related Share Disposition at Friedman Industries

According to the Form 4 filed with the U.S. Securities and Exchange Commission, Gaurav Chhibbar, the Chief Operating Officer of Friedman Industries Inc (NASDAQ:FRD), disposed of 8,500 shares of common stock on November 1, 2026. The filing identifies the transaction using code "F," and the accompanying footnote states that the shares represent those "withheld to cover taxes due upon the vesting of restricted stock awards." The price recorded for the transaction was $42.16 per share.

Following the reported transaction, Chhibbar directly holds 57,900 shares of Friedman Industries common stock, as reported in the filing. No derivative securities transactions were reported in Table II of the form. The filing was signed by Gaurav Chhibbar and submitted on November 3, 2026, two days after the date of the earliest transaction.

The Form 4 was filed by one reporting person. Chhibbar's address is listed as Austin, Texas. No amendment date is noted, indicating this is not a filing that amends a prior submission.

What Was Disclosed

Friedman Industries COO Gaurav Chhibbar reported the withholding of 8,500 shares of common stock at $42.16 per share on November 1, 2026, to cover tax obligations arising from restricted stock vesting, leaving him with 57,900 directly held shares.