AAON director gifts 189,441 company shares

AAON, INC. director and 10% owner Norman H. Asbjornson reported non-market gift transfers of Common Stock.

Accepted by SEC EDGAR 06/01/2026 - 06:32 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

AAON, INC. director and 10% owner Norman H. Asbjornson reported non-market gift transfers of Common Stock. He made two bona fide gifts totaling 189,441 shares of AAON stock on May 29, 2026, with no sale proceeds involved.

One gift was 88,000 shares held indirectly through a Private Foundation, leaving that entity with 1,201,290 shares. Another gift was 101,441 shares held as trustee of trusts, leaving those trusts with 11,582,401 shares. Asbjornson also reports additional indirect 401(k) holdings and direct stock option positions with exercise prices ranging from $22.93 to $48.91 per share.

Insider Trade Summary

189,441 shares gifted

Gift 2 txns

Insider ASBJORNSON NORMAN H

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Gift	Common Stock, par value $.004	101,441	$0.00	$0.00
Gift	Common Stock, par value $.004	88,000	$0.00	$0.00
Holding	Stock Option (Right to Buy)	--	--	--
Holding	Stock Option (Right to Buy)	--	--	--
Holding	Stock Option (Right to Buy)	--	--	--
Holding	Stock Option (Right to Buy)	--	--	--
Holding	Stock Option (Right to Buy)	--	--	--
Holding	Common Stock, par value $.004	--	--	--
Holding	Common Stock, par value $.004	--	--	--

Holdings After Transaction: Common Stock, par value $.004 — 11,582,401 shares (Indirect, Trustee of trusts); Common Stock, par value $.004 — 1,201,290 shares (Indirect, Private Foundation); Stock Option (Right to Buy) — 647,104 contracts (Direct); Common Stock, par value $.004 — 98,794 shares (Direct); Common Stock, par value $.004 — 10,837 shares (Indirect, 401(k) Plan)

Key Figures

Total shares gifted: 189,441 shares Gift to Private Foundation: 88,000 shares Gift to trusts: 101,441 shares +4 more

7 metrics

Total shares gifted 189,441 shares Bona fide gifts of AAON Common Stock on May 29, 2026

Gift to Private Foundation 88,000 shares AAON Common Stock gifted; foundation held 1,201,290 shares after

Gift to trusts 101,441 shares AAON Common Stock gifted; trusts held 11,582,401 shares after

Direct common shares 98,794 shares Direct AAON Common Stock holdings following reported transactions

401(k) holdings 10,837 shares Indirect AAON Common Stock held through 401(k) Plan

Largest option position 285,000 shares at $27.58 Stock Option (Right to Buy) on AAON Common Stock

Additional option positions 345,? shares at $22.93–$48.91 Multiple AAON stock options with varying exercise prices

Key Terms

bona fide gift, Stock Option (Right to Buy), 401(k) Plan, Private Foundation, +1 more

5 terms

bona fide gift financial

"transaction_code_description": "Bona fide gift""

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

Stock Option (Right to Buy) financial

"security_title": "Stock Option (Right to Buy)""

401(k) Plan financial

"nature_of_ownership": "401(k) Plan""

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

Private Foundation financial

"nature_of_ownership": "Private Foundation""

Trustee of trusts financial

"nature_of_ownership": "Trustee of trusts""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Norman H. Asbjornson report for AAON (AAON)?

Norman H. Asbjornson reported bona fide gifts of AAON Common Stock, not market sales. On May 29, 2026, he gifted a total of 189,441 shares through entities he is associated with, including a private foundation and trusts.

How many AAON shares did the private foundation hold after the reported gift?

After gifting 88,000 AAON shares, the private foundation associated with Norman H. Asbjornson held 1,201,290 shares of Common Stock. The transaction was coded as a bona fide gift with a per-share transaction price of $0.00.

How many AAON shares did the trusts hold after the reported gift transaction?

Following a bona fide gift of 101,441 AAON shares, the trusts for which Norman H. Asbjornson serves as trustee held 11,582,401 shares of Common Stock. These dispositions were reported as indirect holdings under his trustee capacity.

Were the AAON insider transactions reported by Asbjornson open-market sales or purchases?

The AAON insider transactions were not open-market sales or purchases. They were coded as G, meaning bona fide gifts, with a transaction price of $0.00 per share, indicating transfers without sale proceeds.

What AAON stock options does Norman H. Asbjornson hold after this Form 4?

Norman H. Asbjornson reports several AAON stock option positions. These include options on 285,000 shares at $27.58, 173,550 shares at $24.63, 118,320 shares at $29.48, 53,805 shares at $22.93, and 16,429 shares at $48.91.

Does Norman H. Asbjornson still hold AAON shares directly after the gifts?

Yes. After the reported gifts, Norman H. Asbjornson shows 98,794 AAON Common Shares held directly and 10,837 shares held indirectly through a 401(k) plan, in addition to substantial indirect holdings via a foundation and trusts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

ASBJORNSON NORMAN H

(Last) (First) (Middle)

AAON INC

2425 SOUTH YUKON

(Street)

TULSA OKLAHOMA 74107

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AAON, INC. [ AAON ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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, par value $.004	05/29/2026		G		101,441	D	$0	11,582,401	I	Trustee of trusts
Common Stock, par value $.004	05/29/2026		G		88,000	D	$0	1,201,290	I	Private Foundation
Common Stock, par value $.004								98,794	D
Common Stock, par value $.004								10,837	I	401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$22.93							05/12/2022	02/22/2027	Common Stock	53,805		53,805	D
Stock Option (Right to Buy)	$24.63							05/12/2022	01/02/2028	Common Stock	173,550		173,550	D
Stock Option (Right to Buy)	$27.58							05/12/2022	03/11/2029	Common Stock	285,000		285,000	D
Stock Option (Right to Buy)	$29.48							05/12/2022	03/11/2030	Common Stock	118,320		118,320	D
Stock Option (Right to Buy)	$48.91							05/12/2022	03/11/2031	Common Stock	16,429		16,429	D

Explanation of Responses:

Remarks:

	Norman H. Asbjornson	06/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)