FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Jafroodi Scot R
2. Issuer Name and Ticker or Trading Symbol

INSTEEL INDUSTRIES INC [ IIIN ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
VP and Chief Acct. Officer
(Last)          (First)          (Middle)

1373 BOGGS DRIVE
3. Date of Earliest Transaction (MM/DD/YYYY)

4/30/2021
(Street)

MOUNT AIRY, NC 27030
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 4/30/2021  M  6044 A$10.23 38550 D  
Common Stock 4/30/2021  F  884 D$38.13 37666 D  
Common Stock (Restricted Stock Units)         7003 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy) $10.23 4/30/2021  M     6044   (1)8/21/2022 Common Stock 6044 $0 0 D  
Stock Option (Right to Buy) $19.68            (1)8/11/2030 Common Stock 3107  3107 D  
Stock Option (Right to Buy) $22.09            (1)2/11/2030 Common Stock 3721  3721 D  
Stock Option (Right to Buy) $18.25            (1)8/12/2029 Common Stock 4237  4237 D  
Stock Option (Right to Buy) $21.57            (1)2/12/2029 Common Stock 3455  3455 D  
Stock Option (Right to Buy) $41.85            (1)8/13/2028 Common Stock 1931  1931 D  
Stock Option (Right to Buy) $29.69            (1)2/13/2028 Common Stock 2629  2629 D  
Stock Option (Right to Buy) $26.75            (1)8/7/2027 Common Stock 2951  2951 D  
Stock Option (Right to Buy) $37.06            (1)2/7/2027 Common Stock 2013  2013 D  
Stock Option (Right to Buy) $34.49            (1)8/11/2026 Common Stock 2377  2377 D  
Stock Option (Right to Buy) $23.95            (1)2/11/2026 Common Stock 3165  3165 D  
Stock Optin (Right to Buy) $18.05            (1)8/17/2025 Common Stock 4211  4211 D  
Stock Option (Right to Buy) $21.96            (1)2/17/2025 Common Stock 3548  3548 D  
Stock Option (Right to Buy) $20.50            (1)8/12/2024 Common Stock 3890  3890 D  
Stock Option (Right to Buy) $19.08            (1)2/12/2024 Common Stock 3968  3968 D  
Stock Option (Right to Buy) $17.22            (1)8/12/2023 Common Stock 3957  3957 D  
Stock Option (Right to Buy) $16.45            (1)2/12/2023 Common Stock 3835  3835 D  
Stock Option (Right to Buy) $29.43            (1)2/16/2031 Common Stock 2230  2230 D  

Explanation of Responses:
(1) Options vest 1/3 annually beginning 1 year from grant date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Jafroodi Scot R
1373 BOGGS DRIVE
MOUNT AIRY, NC 27030


VP and Chief Acct. Officer

Signatures
James F. Petelle for Scot R. Jafroodi5/3/2021
**Signature of Reporting PersonDate

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