Andersons, Inc. — Director's Dealing 2024

Sep 5, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Andersons, Inc. (ANDE)
CIK: 0000821026
Period of Report: 2024-09-03

Reporting Person: Zibbel Sarah (EVP & Chief HR Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-09-03	Common Stock	M	1945	—	Acquired	1945	Direct
2024-09-03	Common Stock	F	604	$55.28	Disposed	1341	Direct
2024-09-03	Common Stock	A	28.81	—	Acquired	1369.81	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-09-03	RESTRICTED SHARE UNIT (2026)	$	M	1945	Disposed		Common Stock (1945)	Direct

Footnotes

F1: Shares withheld to cover tax liability.

F2: Shares in lieu of cash dividend.

F3: Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock.

F4: Restricted share units were granted on September 1, 2023 as part of the Issuer's annual equity grant. Restricted share units have a graded vesting schedule over the three-year period from date of grant.