ADM (NYSE: ADM) CEO Juan Luciano exercises 581,099 options, adjusts share holdings

Rhea-AI Filing Summary

Archer-Daniels-Midland President & CEO Juan R. Luciano exercised employee stock options and adjusted his share holdings in common stock. On February 5, 2026, he exercised 581,099 employee stock options at an exercise price of $33.18 per share, receiving the same number of common shares.

To cover the option exercise price and applicable tax withholding under the Stock Option Award Agreement, 414,728 common shares were withheld by ADM at $67.34 per share, which the filing states did not involve a market transaction. Following these transactions, Luciano directly held 558,463 ADM common shares.

The filing also reports indirect ownership positions: 238 shares held by a Family LLC, 238,370 shares held by an irrevocable trust, and 1,254,419 shares held by a revocable trust. The options exercised were originally granted on February 11, 2016 and were exercised in anticipation of their February 11, 2026 expiration date.

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

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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^*

LUCIANO JUAN R

(Last) (First) (Middle)

77 W. WACKER DR., SUITE 4600

(Street)

CHICAGO IL 60601

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Archer-Daniels-Midland Co [ ADM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

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

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

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

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	02/05/2026		M(1)		581,099	A	$33.18	973,191	D
Common Stock	02/05/2026		F(2)		414,728	D	$67.34	558,463	D
Common Stock								238	I	By Family LLC
Common Stock								238,370	I	By Irrevocable Trust
Common Stock								1,254,419	I	By Revocable Trust

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
Employee stock option (right to buy)	$33.18	02/05/2026		M			581,099	(3)	02/11/2026	Common Stock	581,099	$0.0000	0.0000	D

Explanation of Responses:

1. Reflects options granted on February 11, 2016, which were exercised in anticipation of the February 11, 2026 expiration date.

2. Represents shares of ADM common stock that have been withheld by ADM, in accordance with the terms of the Stock Option Award Agreement, to satisfy applicable tax withholding and the option exercise price and did not involve a market transaction.

3. Fully exercisable.

	Regina Jones, Attorney-in-Fact	02/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did ADM President & CEO Juan R. Luciano report?

Juan R. Luciano reported exercising 581,099 employee stock options for ADM common stock at an exercise price of $33.18 per share. The exercise converted the options into the same number of common shares as the underlying security, ahead of their February 11, 2026 expiration.

How many ADM shares were withheld for taxes and exercise costs in this Form 4?

The filing states that 414,728 ADM common shares were withheld by the company at $67.34 per share. These shares satisfied applicable tax withholding and the option exercise price under the Stock Option Award Agreement and, according to the footnote, did not involve a market transaction.

How many ADM shares does Juan R. Luciano own directly after this transaction?

After the reported transactions on February 5, 2026, Juan R. Luciano directly beneficially owned 558,463 shares of ADM common stock. This figure reflects the exercised options and the shares withheld by ADM to cover the option exercise price and related tax obligations.

What indirect ADM share holdings are reported for Juan R. Luciano?

The Form 4 shows indirect ownership of ADM common stock as 238 shares held by a Family LLC, 238,370 shares held by an irrevocable trust, and 1,254,419 shares held by a revocable trust. These positions are listed separately from his directly owned common stock holdings.

When were the ADM stock options exercised by Luciano originally granted and when did they expire?

The footnotes explain that the options exercised on February 5, 2026 were granted on February 11, 2016. They were exercised in anticipation of their February 11, 2026 expiration date, and the filing notes that the options were fully exercisable at the time of the transaction.

Did Luciano’s Form 4 report any remaining ADM stock options after this exercise?

The derivative securities table shows zero derivative securities beneficially owned following the reported option exercise. This indicates that, for this specific employee stock option grant at a $33.18 exercise price, there were no remaining options reported after the February 5, 2026 transaction.