STOCK TITAN

AAON, INC. (AAON) CEO sells 8,000 shares and retains options

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

AAON, INC. Chief Executive Officer Matthew Joseph Tobolski reported an open-market sale of 8,000 shares of common stock at $135.37 per share. The sold shares were held indirectly through his spouse as trustee of a family trust, which now holds 114,371 shares. Separately, 467 shares were surrendered for tax withholding, leaving 17,872 shares held directly. He also retains multiple stock options, including rights to buy 91,704 shares at $91.51 per share expiring in 2036.

Positive

  • None.

Negative

  • None.
Insider Tobolski Matthew Joseph
Role Chief Executive Officer
Sold 8,000 shs ($1.08M)
Type Security Shares Price Value
Tax Withholding Common Stock, par value $.004 467 $135.37 $63K
Sale Common Stock, par value $.004 8,000 $135.37 $1.08M
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 — 17,872 shares (Direct, null); Common Stock, par value $.004 — 114,371 shares (Indirect, By spouse, as trustee of trust for benefit of family members); Stock Option (Right to Buy) — 7,215 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Open-market sale 8,000 shares at $135.37 Common Stock sale reported on 2026-05-13
Indirect holdings after sale 114,371 shares Family trust position following 8,000-share sale
Tax withholding shares 467 shares at $135.37 Shares delivered for tax obligations
Direct common stock holdings 17,872 shares Directly held common stock after tax withholding
Stock option position 1 91,704 underlying shares at $91.51 Stock option expiring 2036-03-11, direct ownership
Stock option position 2 11,964 underlying shares at $105.95 Stock option expiring 2035-05-13, direct ownership
Indirect trustee holdings 200,904 shares Common stock as trustee of trusts
401(k) plan holdings 2,638 shares Common stock held indirectly via 401(k) Plan
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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.
trustee of trust financial
"nature_of_ownership: "By spouse, as trustee of trust for benefit of family members""
SEC Form 4
FORM 4UNITED 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*
Tobolski Matthew Joseph

(Last)(First)(Middle)
2425 SOUTH YUKON AVE

(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $.00405/13/2026F467(1)D$135.3717,872D
Common Stock, par value $.00405/13/2026S8,000(1)D$135.37114,371IBy spouse, as trustee of trust for benefit of family members
Common Stock, par value $.0042,638I401(k) Plan
Common Stock, par value $.004200,904ITrustee of Trusts
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$73.8701/01/202501/01/2034Common Stock7,2157,215D
Stock Option (Right to Buy)$82.3903/11/202603/11/2035Common Stock10,99510,995D
Stock Option (Right to Buy)$105.9505/13/202605/13/2035Common Stock11,96411,964D
Stock Option (Right to Buy)$91.5103/11/202703/11/2036Common Stock91,70491,704D
Explanation of Responses:
1. All shares granted/purchased/converted/sold, as applicable, at an exact price. A breakdown is not applicable.
Remarks:
Matthew J. Tobolski05/14/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did AAON (AAON) report for its CEO?

AAON reported its CEO, Matthew Joseph Tobolski, completed an open-market sale of 8,000 shares of common stock. The transaction was reported at a price of $135.37 per share and involved shares held indirectly through a family trust.

At what price did the AAON CEO sell shares in this Form 4 filing?

The AAON CEO’s reported sale was priced at $135.37 per share for 8,000 shares of common stock. This price is based on the transaction data disclosed in the Form 4 for the open-market sale.

How many AAON shares does the CEO hold indirectly after the reported sale?

After the reported sale, a family trust associated with the AAON CEO holds 114,371 shares of common stock indirectly. This figure reflects the position following the 8,000-share open-market sale disclosed in the Form 4 filing.

Were any AAON shares used for tax withholding in this Form 4?

Yes. The Form 4 shows that 467 AAON shares were disposed of as a tax-withholding transaction at $135.37 per share. This disposition is separate from the open-market sale and relates to covering tax obligations.

What direct AAON common stock holdings does the CEO report after these transactions?

Following the reported tax-withholding disposition, the AAON CEO directly holds 17,872 shares of common stock. This number represents his remaining direct ownership after 467 shares were surrendered for tax-related purposes.