Director Golsen Barry H gifted 351,611 shares, received a gift of 351,611 shares and sold $1,273,755 worth of shares (139,322 units at $9.14) (SEC Form 4)
$LXU
Major Chemicals
Basic Materials
| 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 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
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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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
LSB INDUSTRIES, INC. [ LXU ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/15/2023 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | ||||||
| Common Stock | 09/15/2025 | G | 327,611 | D | $0.00 | 44,029(1) | I | By Revocable Trust(1) | ||
| Common Stock | 09/15/2023 | G | 327,611 | A | $0.00 | 327,611(2) | I | By BGG Family LLC(2) | ||
| Common Stock | 12/30/2024 | G | 24,000 | D | $0.00 | 303,611(2) | I | By BGG Family LLC(2) | ||
| Common Stock | 12/30/2024 | G | 24,000 | A | $0.00 | 325,180(3) | I | By Irrevocable Family Trusts(3) | ||
| Common Stock | 12/04/2025 | S | 84,034 | D | $9.16(4) | 241,146(3) | I | By Irrevocable Family Trusts(3) | ||
| Common Stock | 12/04/2025 | S | 28,234 | D | $9.16(5) | 275,377(2) | I | By BGG Family LLC(2) | ||
| Common Stock | 12/05/2025 | S | 20,704 | D | $9.07(6) | 220,442(3) | I | By Irrevocable Family Trusts(3) | ||
| Common Stock | 12/05/2025 | S | 6,350 | D | $9.07(7) | 269,027(2) | I | By BGG Family LLC(2) | ||
| Common Stock | 693(8) | I | By Spouse(8) | |||||||
| Common Stock | 3,568 | D | ||||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Explanation of Responses: |
| 1. These shares are owned of record by the reporting person's revocable trust, of which the reporting person is the settlor and trustee and holds a pecuniary interest in the trust's holdings and transactions. |
| 2. These shares are owned of record by BGG Family LLC ("BGG"). Each of the reporting person and his spouse is a manager of BGG and has a 50% ownership interest in BGG. |
| 3. These shares are held by separate irrevocable trusts established for the benefit of the reporting person and the reporting person's children and grandchildren (collectively, the "Irrevocable Family Trusts"), of which the reporting person is the trustee. The amount shown is the aggregate number of shares held in the Irrevocable Family Trusts. No single Irrevocable Family Trust has more than one beneficiary. Because the reporting person is trustee of the Irrevocable Family Trusts, of which the beneficiaries are either the reporting person or his children or grandchildren, the reporting person is deemed to have a pecuniary interest in the Issuer's common stock held by the Irrevocable Family Trusts, pursuant to Rule 16a-8(b)(2)(ii). |
| 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.05 to $9.50, inclusive. The reporting person undertakes to provide to LSB Industries, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The sales of shares of common stock reported on this Form 4 were effected pursuant to 10b5-1 trading plans adopted by the Irrevocable Family Trusts on September 4, 2025. |
| 5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.05 to $9.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The sales of shares of common stock reported on this Form 4 were effected pursuant to 10b5-1 trading plans adopted by BGG on September 4, 2025. |
| 6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.00 to $9.12, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The sales of shares of common stock reported on this Form 4 were effected pursuant to 10b5-1 trading plans adopted by the Irrevocable Family Trusts on September 4, 2025. |
| 7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.01 to $9.11, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The sales of shares of common stock reported on this Form 4 were effected pursuant to 10b5-1 trading plans adopted by BGG on September 4, 2025. |
| 8. These shares of common stock are owned of record by the reporting person's spouse. The reporting person disclaims beneficial ownership of the shares owned by his spouse. |
| Remarks: |
| The reporting person previously reported indirect ownership of shares held directly by Golsen Family, L.L.C. ("GFLLC") and by subsidiaries of Quad Capital, LLC ("Quad Capital"). The reporting person is not a controlling member of GFLLC or of Quad Capital and does not have or share investment control over the portfolio securities held by GFLLC or over the portfolio securities held by Quad Capital or its subsidiaries. Based on further review, this Form 4 does not include the shares held by GFLLC or by subsidiaries of Quad Capital, and the reporting person does not intend to report such shares as beneficially owned in future Section 16 reports. |
| /s/ Barry H. Golsen | 12/09/2025 | |
| ** 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. | ||