Andersons (ANDE) Initial Form 3 — Director Lists No Common Stock

Rhea-AI Filing Summary

Andersons, Inc. (ANDE) Form 3 filed for Steven Oakland, reporting his initial Section 16 beneficial ownership disclosure. Mr. Oakland is identified as a Director and the filing indicates 0 shares of Common Stock owned directly. The filing was executed on 08/25/2025 by Melissa Trippel under a limited power of attorney for Steven Oakland and supplies no derivative holdings or indirect ownership details.

Positive

• Compliance filing completed: Initial Form 3 submitted identifying the reporting person and relationship to the issuer.
• Filed with signature via POA: Document executed by Melissa Trippel under a limited power of attorney, indicating formal authorization.

Negative

• No disclosed common stock holdings: Filing reports 0 shares beneficially owned, so there is no insider equity alignment disclosed.

Insights

Corporate Governance Expert

TL;DR: Initial Form 3 shows a director with no disclosed common stock holdings; a routine governance disclosure with limited investor impact.

The filing is an initial Section 16 disclosure for a director and contains only foundational ownership data: a declaration of 0 shares of common stock and no derivative positions. This is a standard compliance filing that documents the reporting person's status and absence of direct economic exposure via common shares at the filing date. Because the report lists no holdings, there is no immediate change to capital structure or insider ownership metrics from this document alone.

Securities Compliance Analyst

TL;DR: The Form 3 appears complete for basic disclosure purposes but provides no material ownership information affecting valuation.

The document meets the formal requirements of an initial beneficial-ownership statement by identifying the reporting person, relationship to the issuer (Director), and stating the amount and form of holdings (0 shares, Direct). It also includes a dated signature executed via limited power of attorney. From a compliance perspective, filing an initial Form 3 is necessary; however, the lack of positions means there are no regulatory implications related to transactions, derivative exposure, or Section 16 timing in this filing.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

OAKLAND STEVEN

(Last) (First) (Middle)

1947 BRIARFIELD BLVD

(Street)

MAUMEE OH 43537

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/21/2025

3. Issuer Name and Ticker or Trading Symbol
Andersons, Inc. [ ANDE ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	Steven Oakland, by Melissa Trippel, Limited Power of Attorney	08/25/2025
	** 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 5 (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.

FAQ

What does the Form 3 for ANDE filed by Steven Oakland report?

The Form 3 reports that Steven Oakland is a Director of Andersons, Inc. (ANDE) and beneficially owns 0 shares of Common Stock as of the filing.

When was the Form 3 for Steven Oakland signed or filed?

The filing shows execution on 08/25/2025 by Melissa Trippel under a limited power of attorney for Steven Oakland.

Does the Form 3 disclose any derivative securities for ANDE?

No. The filing contains no entries in Table II and discloses no derivative securities beneficially owned.

Is the Form 3 an amendment or an initial filing?

This is an initial Form 3 (Initial Statement of Beneficial Ownership); the form indicates it was filed by one reporting person.

What relationship to the issuer is stated on the Form 3?

The reporting person is identified as a Director of Andersons, Inc.