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Andersons, Inc. Director's Dealing 2025

May 5, 2025

32002_dirs_2025-05-05_25984c88-1166-49cd-b328-cddf938c8b2b.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: 2025-05-02

Reporting Person: Castellano Christine M. (EVP, Gen Counsel & Corp Sec)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2025-05-02 Common Stock M 4259 Acquired 44536.24 Direct
2025-05-02 Common Stock M 2258 Acquired 46794.24 Direct
2025-05-02 Common Stock M 1366 Acquired 48160.24 Direct
2025-05-02 Common Stock J 139.74 Acquired 48299.98 Direct
2025-05-02 Common Stock F 2456 $38.12 Disposed 45843.98 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2025-05-02 RESTRICTED SHARE UNIT (2026) $ M 1366 Disposed Common Stock (1366) Direct
2025-05-02 RESTRICTED SHARE UNIT (2027) $ M 2258 Disposed Common Stock (2258) Direct
2025-05-02 RESTRICTED SHARE UNIT (2028) $ M 4259 Disposed Common Stock (4259) Direct

Footnotes

F1: Shares in lieu of cash dividend.

F2: Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock.

F3: Restricted share units were granted on March 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.

F4: Restricted share units were granted on March 1, 2024 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.

F5: Restricted share units were granted on March 3, 2025 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.