SCHEDULE: Continental Entities Maintain 5.1% Stake in FreightCar America

Continental General Insurance Co. and affiliated entities disclose a continued 5.1% passive ownership stake in FreightCar America, Inc. as of September 30, 2025.

Summary

• Continental General Insurance Co., Continental Insurance Group, Ltd., Continental General Holdings LLC, and Michael Gorzynski (collectively, the "Reporting Persons") beneficially own 979,256 shares of FreightCar America, Inc. Common Stock.
• This ownership represents approximately 5.1% of the outstanding shares of Common Stock.
• The percentage is calculated based on 19,127,412 shares of Common Stock outstanding as of July 31, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q.
• All Reporting Persons hold shared voting power and shared dispositive power over the 979,256 shares.
• The filing is an Amendment No. 6 to a Schedule 13G, indicating a passive investment.
• The Reporting Persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of FreightCar America, Inc.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine disclosure of a passive ownership stake and does not contain performance or strategic information from the issuer.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure confirms a significant passive ownership stake by Continental General Insurance Co. and its affiliates, representing 5.1% of outstanding shares, providing transparency on major holders.

Key Dates

Keywords

FreightCar America, Continental General Insurance, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, Railcar Manufacturing