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Andersons, Inc. Director's Dealing 2025

Oct 23, 2025

32002_dirs_2025-10-23_4636a440-0287-420c-82b3-5c036ef19515.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Andersons, Inc. (ANDE)
CIK: 0000821026
Period of Report: 2025-10-21

Reporting Person: Douglas Gary A. (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-10-21 Common Stock J 37.541 $46.412 Acquired 8972.622 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-10-22 RESTRICTED SHARE UNIT (2024) $ A 130.61 Acquired Common Stock (130.61) Direct
2025-10-22 RESTRICTED SHARE UNIT (2025) $ A 78.15 Acquired Common Stock (78.15) Direct

Footnotes

F1: Reinvestment of dividend.

F2: Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock. These additional restricted share units represent dividends earned on the awards from vesting date through October 2025.

F3: Restricted share units were granted on May 5, 2023 as part of the Issuer's annual equity grant. Restricted share units vested one year from the date of grant. Mr. Douglas has deferred distribution of these RSUs until his retirement date.

F4: Restricted share units were granted on May 9, 2024 as part of the Issuer's annual equity grant. Restricted share units vested one year from the date of grant. Mr. Douglas has deferred distribution of these RSUs until his retirement date.