# EDGAR Filing Document

**Accession Number:** 0000764401
**File Stem:** 0001567619-23-002434
**Filing Date:** 2023-2
**Character Count:** 7425
**Document Hash:** 67434b8beb75e18106ff18b47c74763d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001567619-23-002434.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001567619-23-002434

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230211

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Jafroodi Scot R
- **CENTRAL INDEX KEY:** 0001390383

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-09929
- **FILM NUMBER:** 23615234

**MAIL ADDRESS:**
- **STREET 1:** 1373 BOGGS DRIVE
- **CITY:** MOUNT AIRY
- **STATE:** NC
- **ZIP:** 27030
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INSTEEL INDUSTRIES INC
- **CENTRAL INDEX KEY:** 0000764401
- **STANDARD INDUSTRIAL CLASSIFICATION:** STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
- **IRS NUMBER:** 560674867
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 0930

**BUSINESS ADDRESS:**
- **STREET 1:** 1373 BOGGS DR
- **CITY:** MOUNT AIRY
- **STATE:** NC
- **ZIP:** 27030
- **BUSINESS PHONE:** 3367862141

**MAIL ADDRESS:**
- **STREET 1:** 1373 BOGGS DRIVE
- **CITY:** MOUNT AIRY
- **STATE:** NC
- **ZIP:** 27030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXPOSAIC INDUSTRIES INC
- **DATE OF NAME CHANGE:** 19880511

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>Jafroodi Scot R<br><sub>(Last) (First) (Middle)</sub><br>1373 BOGGS DRIVE<br><sub>(Street)</sub><br>MOUNT AIRY, NC 27030<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-11 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_VP and Chief Acct. Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>INSTEEL INDUSTRIES INC [ IIIN ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-02-11 |  | F |  | 429 | D | $29.31 | 38926 | D |  |
| Common Stock (Restricted Stock Units) |  |  |  |  |  |  |  | 4834 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option (Right to Buy) | $32.77 |  |  |  |  |  |  | <sup>(1)</sup> | 2032-08-15 | Common Stock | 2669 |  | 2669 | D |  |
| Stock Option (Right to Buy) | $38.54 |  |  |  |  |  |  | <sup>(1)</sup> | 2032-02-15 | Common Stock | 1780 |  | 1780 | D |  |
| Stock Option (Right to Buy) | $41.87 |  |  |  |  |  |  | <sup>(1)</sup> | 2031-08-16 | Common Stock | 1587 |  | 1587 | D |  |
| Stock Option (Right to Buy) | $22.09 |  |  |  |  |  |  | <sup>(1)</sup> | 2030-02-11 | Common Stock | 3721 |  | 3721 | D |  |
| Stock Option (Right to Buy) | $19.68 |  |  |  |  |  |  | <sup>(1)</sup> | 2030-08-11 | Common Stock | 3107 |  | 3107 | D |  |
| Stock Option (Right to Buy) | $18.25 |  |  |  |  |  |  | <sup>(1)</sup> | 2029-08-12 | Common Stock | 4237 |  | 4237 | D |  |
| Stock Option (Right to Buy) | $21.57 |  |  |  |  |  |  | <sup>(1)</sup> | 2029-02-12 | Common Stock | 3455 |  | 3455 | D |  |
| Stock Option (Right to Buy) | $41.85 |  |  |  |  |  |  | <sup>(1)</sup> | 2028-08-13 | Common Stock | 1931 |  | 1931 | D |  |
| Stock Option (Right to Buy) | $29.69 |  |  |  |  |  |  | <sup>(1)</sup> | 2028-02-13 | Common Stock | 2629 |  | 2629 | D |  |
| Stock Option (Right to Buy) | $26.75 |  |  |  |  |  |  | <sup>(1)</sup> | 2027-08-07 | Common Stock | 2951 |  | 2951 | D |  |
| Stock Option (Right to Buy) | $37.06 |  |  |  |  |  |  | <sup>(1)</sup> | 2027-02-07 | Common Stock | 2013 |  | 2013 | D |  |
| Stock Option (Right to Buy) | $34.49 |  |  |  |  |  |  | <sup>(1)</sup> | 2026-08-11 | Common Stock | 2377 |  | 2377 | D |  |
| Stock Option (Right to Buy) | $23.95 |  |  |  |  |  |  | <sup>(1)</sup> | 2026-02-11 | Common Stock | 3165 |  | 3165 | D |  |
| Stock Option (Right to Buy) | $29.43 |  |  |  |  |  |  | <sup>(1)</sup> | 2031-02-16 | Common Stock | 2230 |  | 2230 | D |  |

---

### Footnotes:

(1) Options vest 1/3 annually beginning 1 year from grant date.

**Signature:** James F. Petelle for Scot R. Jafroodi  
**Date:** 2023-02-13

### Remarks:

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.**