FutureFuel (FF) director receives 10,000 stock options at $3.77 exercise price

Rhea-AI Filing Summary

FutureFuel Corp. director Paul Anthony Novelly II received a grant of stock options representing 10,000 shares of common stock. The options have an exercise price of $3.77 per share and were awarded under the company’s 2017 Omnibus Incentive Plan as equity-based compensation.

The options may be exercised starting on March 18, 2026 and remain exercisable until their expiration on March 18, 2031. Following this grant, Novelly holds stock options covering 10,000 shares directly, aligning his incentives with the long-term performance of FutureFuel’s stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Novelly Paul Anthony II

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Options (Right to Buy)	10,000	$0.00	--

Holdings After Transaction: Stock Options (Right to Buy) — 10,000 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Novelly Paul Anthony II

(Last) (First) (Middle)

C/O ST. ALBANS GLOBAL MANAGEMENT

8235 FORSYTH BOULEVARD, SUITE 900

(Street)

CLAYTON MISSOURI 63105

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FutureFuel Corp. [ FF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)(1)	$3.77	03/18/2026		A		10,000		03/18/2026	03/18/2031	Common Stock	10,000	$0	10,000	D

Explanation of Responses:

1. The Stock Options were granted pursuant to the FutureFuel Corp. 2017 Omnibus Incentive Plan (the "Plan"), subject to the terms and conditions of the Plan and the applicable option agreement. The Stock Options may be exercised from March 18, 2026 until their expiration on March 18, 2031.

	/s/ P.A. Novelly II	03/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did FutureFuel Corp. (FF) report in this Form 4?

FutureFuel Corp. reported that director Paul Anthony Novelly II received a grant of stock options for 10,000 shares. These options were awarded as compensation under the 2017 Omnibus Incentive Plan and give him the right to buy common stock at a fixed exercise price.

How many FutureFuel (FF) shares are covered by the new stock options?

The new stock option grant covers 10,000 shares of FutureFuel common stock. This award increases the director’s equity-linked exposure and aligns his potential future gains with the company’s share price performance over the option term, subject to exercise conditions.

What is the exercise price of the FutureFuel (FF) stock options granted?

The granted stock options have an exercise price of $3.77 per share. This means the director can purchase FutureFuel common stock at $3.77 when he chooses to exercise, during the allowed exercise window, regardless of the market price at that time.

When can the new FutureFuel (FF) stock options be exercised, and when do they expire?

The stock options may be exercised from March 18, 2026 until March 18, 2031. This five-year exercise window gives the director a long-term opportunity to benefit from any share price appreciation, consistent with typical equity incentive plan structures.

Under which plan were the FutureFuel (FF) stock options granted to the director?

The stock options were granted under the FutureFuel Corp. 2017 Omnibus Incentive Plan. This plan governs the terms and conditions of equity awards, including vesting, exercisability, and expiration, as outlined in the applicable option agreement referenced in the disclosure.

How many FutureFuel (FF) stock options does the director hold after this grant?

After this award, the director holds stock options covering 10,000 shares of FutureFuel common stock directly. The filing does not show additional derivative positions, indicating this grant represents his visible option holdings in this particular Form 4 report.