RAIL · FreightCar America, Inc. · Insider Trading

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) April 10, 2027, or (ii) the last trading day before the date of the Company's 2027 Annual Meeting of Stockholders.

This Form 4 is being filed late due to inadvertent administrative error.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) April 10, 2027, or (ii) the last trading day before the date of the Company's 2027 Annual Meeting of Stockholders.

This Form 4 is being filed late due to inadvertent administrative error.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) April 10, 2027, or (ii) the last trading day before the date of the Company's 2027 Annual Meeting of Stockholders.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) April 10, 2027, or (ii) the last trading day before the date of the Company's 2027 Annual Meeting of Stockholders.

This Form 4 is being filed late due to inadvertent administrative error.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) April 10, 2027, or (ii) the last trading day before the date of the Company's 2027 Annual Meeting of Stockholders.

The securities are owned by Carpe Skiem LLC. Travis D. Kelly owns 100% of Carpe Skiem LLC and is deemed to beneficially own all of the securities owned by Carpe Skiem LLC.

This Form 4 is being filed late due to inadvertent administrative error.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) April 10, 2027, or (ii) the last trading day before the date of the Company's 2027 Annual Meeting of Stockholders.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) April 10, 2027, or (ii) the last trading day before the date of the Company's 2027 Annual Meeting of Stockholders.

This Form 4 is being filed late due to inadvertent administrative error.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) April 10, 2027, or (ii) the last trading day before the date of the Company's 2027 Annual Meeting of Stockholders.

The securities are owned by Cinci-Cebu, Inc. James Meyer owns 100% of Cinci-Cebu, Inc. and is deemed to beneficially own all of the securities owned by Cinci-Cebu, Inc.

On January 13, 2026, the recipient was granted 14,000 restricted stock units ("RSUs") under the Issuer's 2022 Long Term Incentive Plan. The RSUs will vest 34% on January 13, 2027, 33% on January 13, 2028 and 33% on January 13, 2029, subject to the Reporting Person's continued service through such date. Once vested, each RSU represents the right to receive one share of common stock.

On January 13, 2026, the recipient was granted 3,330 restricted stock units ("RSUs") under the Issuer's 2022 Long Term Incentive Plan. The RSUs will vest 34% on January 13, 2027, 33% on January 13, 2028 and 33% on January 13, 2029, subject to the Reporting Person's continued service through such date. Once vested, each RSU represents the right to receive one share of common stock.

On January 13, 2026, the recipient was granted 13,540 restricted stock units ("RSUs") under the Issuer's 2022 Long Term Incentive Plan. The RSUs will vest 34% on January 13, 2027, 33% on January 13, 2028 and 33% on January 13, 2029, subject to the Reporting Person's continued service through such date. Once vested, each RSU represents the right to receive one share of common stock.

On January 13, 2026, the recipient was granted 35,900 restricted stock units ("RSUs") under the Issuer's 2022 Long Term Incentive Plan. The RSUs will vest 34% on January 13, 2027, 33% on January 13, 2028 and 33% on January 13, 2029, subject to the Reporting Person's continued service through such date. Once vested, each RSU represents the right to receive one share of common stock.

This Form 4 is being filed late due to inadvertent administrative error.

Shares withheld by the Company to satisfy tax withholding obligations of the Reporting Person.

This Form 4 is being filed late due to inadvertent administrative error.

Shares withheld by the Company to satisfy tax withholding obligations of the Reporting Person.

This Form 4 is being filed late due to inadvertent administrative error.

Shares withheld by the Company to satisfy tax withholding obligations of the Reporting Person.

Such shares were surrendered to the Issuer in payment of the exercise price and in connection with tax withholding obligations of the Reporting Person.

Such shares were surrendered to the Issuer in payment of the exercise price and in connection with tax withholding obligations of the Reporting Person.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) May 14, 2026, or (ii) the last trading day before the date of the Company's 2026 Annual Meeting of Stockholders.

The securities are owned by Cinci-Cebu, Inc. James Meyer owns 100% of Cinci-Cebu, Inc. and is deemed to beneficially own all of the securities owned by Cinci-Cebu, Inc.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) May 14, 2026, or (ii) the last trading day before the date of the Company's 2026 Annual Meeting of Stockholders.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) May 14, 2026, or (ii) the last trading day before the date of the Company's 2026 Annual Meeting of Stockholders.

The securities are owned by Carpe Skiem LLC. Travis D. Kelly owns 100% of Carpe Skiem LLC and is deemed to beneficially own all of the securities owned by Carpe Skiem LLC.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) May 14, 2026, or (ii) the last trading day before the date of the Company's 2026 Annual Meeting of Stockholders.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) May 14, 2026, or (ii) the last trading day before the date of the Company's 2026 Annual Meeting of Stockholders.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) May 14, 2026, or (ii) the last trading day before the date of the Company's 2026 Annual Meeting of Stockholders.

Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) May 14, 2026, or (ii) the last trading day before the date of the Company's 2026 Annual Meeting of Stockholders.

Shares withheld by the Company to satisfy tax withholding obligations of the Reporting Person.

Shares withheld by the Company to satisfy tax withholding obligations of the Reporting Person.

Shares cancelled by the Company to satisfy tax withholding obligations of the Reporting Person.

Exempt issuance of restricted shares under Rule 16(b)-3 pursuant to the Issuer's 2022 Long-Term Stock Incentive Plan (the "Plan") on January 9, 2025. Shares will vest on January 9, 2028, contingent upon the Reporting Person's continuous employment until the vesting date.

Restricted shares granted pursuant to the Plan, for which no consideration was paid by the Reporting Person.

Exempt issuance of restricted shares under Rule 16(b)-3 pursuant to the Issuer's 2022 Long-Term Stock Incentive Plan (the "Plan") on January 9, 2025. Shares will vest on January 9, 2028, contingent upon the Reporting Person's continuous employment until the vesting date.

Restricted shares granted pursuant to the Plan, for which no consideration was paid by the Reporting Person.

Exempt issuance of restricted shares under Rule 16(b)-3 pursuant to the Issuer's 2022 Long-Term Stock Incentive Plan (the "Plan") on January 9, 2025. Shares will vest on January 9, 2028, contingent upon the Reporting Person's continuous employment until the vesting date.

Restricted shares granted pursuant to the Plan, for which no consideration was paid by the Reporting Person.

Exercise price represents the average of the Issuer's high and low trading prices on January 8, 2025 as the stock market was closed on grant date.

The options were granted under the Plan and vest in three equal annual installments beginning on January 9, 2026, contingent upon the Reporting Person's continuous employment until the applicable vesting date. The options have a term of ten years from the grant date.

Exercise price represents the average of the Issuer's high and low trading prices on January 8, 2025 as the stock market was closed on grant date.

The options were granted under the Plan and vest in three equal annual installments beginning on January 9, 2026, contingent upon the Reporting Person's continuous employment until the applicable vesting date. The options have a term of ten years from the grant date.

Exempt issuance of restricted shares under Rule 16(b)-3 pursuant to the Issuer's 2022 Long-Term Stock Incentive Plan (the "Plan") on January 9, 2025. Shares will vest on January 9, 2028, contingent upon the Reporting Person's continuous employment until the vesting date.

Restricted shares granted pursuant to the Plan, for which no consideration was paid by the Reporting Person.

Exercise price represents the average of the Issuer's high and low trading prices on January 8, 2025 as the stock market was closed on grant date.

The options were granted under the Plan and vest in three equal annual installments beginning on January 9, 2026, contingent upon the Reporting Person's continuous employment until the applicable vesting date. The options have a term of ten years from the grant date.

Exempt issuance of restricted shares under Rule 16(b)-3 pursuant to the Issuer's 2022 Long-Term Stock Incentive Plan (the "Plan") on January 9, 2025. Shares will vest on January 9, 2028, contingent upon the Reporting Person's continuous employment until the vesting date.

Restricted shares granted pursuant to the Plan, for which no consideration was paid by the Reporting Person.

Exercise price represents the average of the Issuer's high and low trading prices on January 8, 2025 as the stock market was closed on grant date.

The options were granted under the Plan and vest in three equal annual installments beginning on January 9, 2026, contingent upon the Reporting Person's continuous employment until the applicable vesting date. The options have a term of ten years from the grant date.

Exercise price represents the average of the Issuer's high and low trading prices on January 8, 2025 as the stock market was closed on grant date.

The options were granted under the Plan and vest in three equal annual installments beginning on January 9, 2026, contingent upon the Reporting Person's continuous employment until the applicable vesting date. The options have a term of ten years from the grant date.

Constitutes the weighted average purchase price for multiple transactions reported on this line having prices per share ranging from $10.50 to $10.93. The Reporting Person will provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding each separate transaction.

Such shares were surrendered to the Issuer in payment of the exercise price and in connection with tax withholding obligations of the Reporting Person.

Of such options, 9,050 options are fully vested and currently exercisable and 4,950 options will vest on August 29, 2025.