Applied Industrial director contributes 3,845 shares

Andrews Madhuri A reported open-market sale transactions in this Form 4 filing.

Rhea-AI Filing Summary

Andrews Madhuri A reported open-market sale transactions in this Form 4 filing.

APPLIED INDUSTRIAL TECHNOLOGIES INC director Madhuri A. Andrews contributed 3,845 shares of common stock to an exchange fund. The exchange fund transaction closed on June 18, 2026, when Applied common stock was valued at $329.89 per share. Following this contribution, she directly holds 4,951 shares of Applied common stock.

Andrews had previously given irrevocable consent on February 26, 2026 to contribute these shares at a later date in exchange for shares of the exchange fund, consistent with the fund’s offering memorandum.

Insider Trade Summary

Net Seller: 3,845 shares

Net Sell 1 txn

Insider Andrews Madhuri A

Role Director

Sold 3,845 shs ($1.27M)

Type	Security	Shares	Price	Value
Sale	Common Stock	3,845	$329.89	$1.27M

Holdings After Transaction: Common Stock — 4,951 shares (Direct)

Footnotes (1)

1. F1. On February 26, 2026, the reporting person provided her irrevocable consent to contribute at a later date 3,845 shares of Applied common stock to an exchange fund in exchange for shares of the exchange fund. The exchange fund transaction closed on June 18, 2026, Applied common stock was valued at $329.89 per share, and the reporting person's shares were contributed on that date consistent with the exchange fund's offering memorandum.

Key Figures

Shares contributed: 3,845 shares Share valuation: $329.89 per share Shares held after transaction: 4,951 shares +2 more

5 metrics

Shares contributed 3,845 shares Contributed to exchange fund on June 18, 2026

Share valuation $329.89 per share Value of Applied common stock in exchange fund closing

Shares held after transaction 4,951 shares Direct common stock holdings following contribution

Consent date February 26, 2026 Irrevocable consent to contribute 3,845 shares to exchange fund

Transaction closing date June 18, 2026 Exchange fund transaction completion and share contribution

Key Terms

exchange fund, irrevocable consent, offering memorandum, Common Stock

4 terms

exchange fund financial

"contribute at a later date 3,845 shares of Applied common stock to an exchange fund in exchange for shares of the exchange fund"

An exchange fund is a pooled investment vehicle where holders of a single, highly appreciated stock swap their shares for pro rata interests in a diversified basket, allowing them to reduce concentration risk without immediately selling and triggering a large capital gains tax. It matters to investors because it provides instant diversification and potential tax deferral—like trading one oversized slice of pie for many smaller slices—though it usually carries fees, a multi‑year lockup and less control over exact timing of liquidity.

irrevocable consent financial

"the reporting person provided her irrevocable consent to contribute at a later date 3,845 shares"

offering memorandum financial

"the reporting person's shares were contributed on that date consistent with the exchange fund's offering memorandum"

A written document that describes the details of a private securities sale, including the investment terms, company background, financial information and the risks involved. Investors use it like a product brochure or car manual to compare offerings and understand what they're buying, how the money will be used and what could go wrong, which helps inform their decision and provides disclosure for legal protection.

Common Stock financial

"3,845 shares of Applied common stock to an exchange fund in exchange for shares"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What did AIT director Madhuri Andrews do in this Form 4 filing?

Director Madhuri A. Andrews contributed 3,845 shares of Applied Industrial Technologies common stock to an exchange fund. The contribution was completed on June 18, 2026, in return for shares of the exchange fund, rather than a traditional open-market cash sale.

How many AIT shares did Madhuri Andrews contribute to the exchange fund?

She contributed 3,845 shares of Applied Industrial Technologies common stock to the exchange fund. This disposition transferred those shares out of her direct holdings in exchange for interests in the fund, as described in the exchange fund’s offering memorandum and related documentation.

At what price were Madhuri Andrews’ AIT shares valued in the exchange fund transaction?

The Applied Industrial Technologies common stock was valued at $329.89 per share for the exchange fund transaction. This valuation was used when the contribution closed on June 18, 2026, determining the value of the shares she received from the exchange fund in return.

When did the exchange fund transaction for AIT shares close?

The exchange fund transaction closed on June 18, 2026. On that date, Madhuri A. Andrews’ 3,845 Applied Industrial Technologies shares were contributed to the fund, and the stock was valued at $329.89 per share under the exchange fund’s offering terms.

How many AIT shares does Madhuri Andrews hold after this Form 4 transaction?

After contributing 3,845 shares to the exchange fund, she directly holds 4,951 Applied Industrial Technologies common shares. This post-transaction balance reflects her remaining direct ownership as reported in the Form 4’s non-derivative holdings section.

When did Madhuri Andrews first agree to contribute her AIT shares to the exchange fund?

She provided her irrevocable consent on February 26, 2026, to contribute 3,845 Applied Industrial Technologies shares to the exchange fund at a later date. The actual contribution occurred on June 18, 2026, consistent with the exchange fund’s offering memorandum.

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

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Accepted by SEC EDGAR 06/22/2026 - 04:11 PM EDT Learn about SEC filing dates

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^*

Andrews Madhuri A

(Last) (First) (Middle)

ONE APPLIED PLAZA

(Street)

CLEVELAND OHIO 44115

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
APPLIED INDUSTRIAL TECHNOLOGIES INC [ AIT ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026

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	06/18/2026		S(1)		3,845	D	$329.89	4,951	D

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

Explanation of Responses:

1. On February 26, 2026, the reporting person provided her irrevocable consent to contribute at a later date 3,845 shares of Applied common stock to an exchange fund in exchange for shares of the exchange fund. The exchange fund transaction closed on June 18, 2026, Applied common stock was valued at $329.89 per share, and the reporting person's shares were contributed on that date consistent with the exchange fund's offering memorandum.

Remarks:

	/s/ Patricia A. Comai, POA for Madhuri A. Andrews	06/22/2026
	** 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)