FRIEDMAN ART 4

What Happened

• Art Friedman, a director of Zoned Properties, Inc. (ZDPY), was granted 200,000 restricted shares on January 28, 2026. The shares were issued at $0 per share (total reported value $0) and were fully vested at issuance, subject to forfeiture and clawback provisions.

Key Details

• Transaction date and type: 2026-01-28 — Award/Grant (code A).
• Price: $0.00 per share; total reported transaction value $0.
• Shares owned after transaction: Not specified in this filing (filing includes a correction to prior reported beneficial ownership per footnote F2).
• Footnotes: F1 — grant under the 2016 Equity Incentive Plan; fully vested at issuance but subject to forfeiture/clawback. F2 — corrects an error in the reporting person’s previously reported total beneficial ownership.
• Filing timeliness: Report filed 2026-03-17 for a 2026-01-28 transaction, which is later than the typical 2-business-day Form 4 deadline.

Context

• This was a restricted stock award (compensation), not an open-market purchase or sale. Awards are common for directors and reflect compensation rather than a direct market signal; they do not necessarily indicate immediate bullish or bearish intent.
• Because the shares were fully vested at issuance, Friedman had immediate ownership rights, though the grant remains subject to forfeiture/clawback as noted.