Green Plains Announces Conclusion of Independent Investigation into Allegations of Improper Stock Trades

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Green Plains Inc. announces the completion of an internal investigation into allegations regarding the sale of stock by CEO Todd Becker and other executives. The investigation found no evidence of impropriety and determined that all trades were conducted in compliance with internal policies and applicable law.
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Investigation Was Overseen by a Special Committee of Independent Directors with the Assistance of Independent Outside Legal Counsel

Special Committee Found No Evidence of Impropriety

OMAHA, Neb.--(BUSINESS WIRE)-- Green Plains Inc. (NASDAQ:GPRE) (“Green Plains,” the “Company,” “we” or “us”) today issued the following statement:

The Green Plains’ Board of Directors (the “Board”) recognizes and embraces its fiduciary responsibilities to shareholders and takes its role as stewards of the Company very seriously.

Upon receipt of a letter from Ancora Holdings Group, LLC (together with its affiliates, “Ancora”) on August 7, 2023, the Board commenced an internal investigation, overseen by a special committee of the Board (the “Committee”) with the assistance of independent outside legal counsel, into Ancora’s allegations regarding the sale of stock by CEO Todd Becker and other executives. None of the members of the Committee bought or sold Green Plains stock during the period in question and each member of the Committee joined the Board within the last three years. The Committee’s counsel was selected, in part, based on her experience as a former senior counsel in the Division of Enforcement of the U.S. Securities and Exchange Commission.

The investigation, which involved interviews and the collection and review of more than 5,000 documents, found no evidence of impropriety with respect to any of the transactions in Green Plains stock executed by insiders between May 8, 2023 and May 24, 2023. The Committee determined that the trading window was properly opened and the executives who executed trades during this period did so in compliance with all internal policies and applicable law and without material, non-public information.

The Committee has closed its investigation into this matter.

About Green Plains Inc.
Green Plains Inc. (NASDAQ:GPRE) is a leading biorefining company focused on the development and utilization of fermentation, agricultural and biological technologies in the processing of annually renewable crops into sustainable value-added ingredients. This includes the production of cleaner low carbon biofuels, renewable feedstocks for advanced biofuels and high purity alcohols for use in cleaners and disinfectants. Green Plains is an innovative producer of Ultra-High Protein and novel ingredients for animal and aquaculture diets to help satisfy a growing global appetite for sustainable protein. The Company also owns a 48.8% limited partner interest and a 2.0% general partner interest in Green Plains Partners LP. For more information, visit

Investors: Phil Boggs | Executive Vice President, Investor Relations | 402.884.8700 |

Media: Lisa Gibson | Communications Manager | 402.952.4971 |

Source: Green Plains Inc.

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About GPRE

green plains inc. (nasdaq:gpre) is a diversified commodity-processing business with operations related to ethanol, distillers grains and corn oil production; grain handling and storage; a cattle feedlot; and commodity marketing and distribution services. the company is the second largest consolidated owner of ethanol production facilities in the world, with 17 dry mill plants, producing nearly 1.5 billion gallons of ethanol at full capacity. green plains owns a 62.5% limited partner interest and a 2.0% general partner interest in green plains partners lp (nasdaq:gpp), a fee-based delaware limited partnership that provides fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses.