Andersons (ANDE) Form 4/A Reports Small Dividend Reinvestment by Director

Rhea-AI Filing Summary

Robert J. King Jr., a director of Andersons, Inc. (ANDE), amended a Form 4 to report a small non‑derivative acquisition on 05/09/2025. The filing shows 9.65 shares of Common Stock acquired at $0 under Code V (shares issued in lieu of a cash dividend). After the transaction the reporting person beneficially owned 8,519.28 shares directly and 43,091.902 shares indirectly through the Robert J. King Jr. Trust u/a dated Dec. 20, 2013. The amendment was filed on 05/12/2025 and signed by a limited power of attorney on 08/29/2025.

Insights

Securities Analyst

TL;DR: Amendment reports a routine dividend reinvestment of 9.65 shares by a director, with no material change to overall holdings.

The Form 4/A documents a Code V acquisition (shares in lieu of cash dividend) for a director of Andersons, Inc. The size of the acquisition (9.65 shares) is immaterial relative to the director's total reported holdings (8,519.28 direct; 43,091.902 indirect). This is a routine administrative disclosure rather than a directional trading signal. The indirect holdings via trust remain the dominant component of beneficial ownership.

Corporate Governance Expert

TL;DR: Filing is a standard insider reporting amendment reflecting dividend reinvestment; governance implications are minimal.

The amendment clarifies the mechanics of a dividend reinvestment (Code V) and updates beneficial ownership totals. There is no indication of option exercises, sales, or other compensatory transactions. As a governance matter, timely disclosure via the amended Form 4/A preserves transparency but does not signal a change in board member alignment or control.

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
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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^*

KING ROBERT J JR

(Last) (First) (Middle)

1947 BRIARFIELD BLVD.

(Street)

MAUMEE OH 43537

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/12/2025

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	05/09/2025		A(1)		9.65	A	$0	8,519.28	D
Common Stock								43,091.902	I	Robert J. King Jr. Trust u/a dated Dec. 20, 2013

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. Shares in lieu of cash dividend.

Remarks:

	Robert J. King Jr., by Melissa Trippel, Limited Power of Attorney	08/29/2025
	** 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 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.

FAQ

What transaction did Robert J. King Jr. report on the ANDE Form 4/A?

The filing reports a Code V acquisition of 9.65 shares on 05/09/2025, representing shares issued in lieu of a cash dividend.

How many Andersons (ANDE) shares does the reporting person own after the transaction?

After the reported transaction the filing shows 8,519.28 shares directly and 43,091.902 shares indirectly through a trust.

Was any cash paid for the reported shares in the Form 4/A?

No cash was paid; the price is reported as $0 because the shares were issued in lieu of a cash dividend.

When was the Form 4 amended and who signed it?

The Form 4 was amended on 05/12/2025 and the signature for the reporting person was provided by a limited power of attorney on 08/29/2025.

Does the filing show any derivative transactions or sales?

No. The Form 4/A contains only a non‑derivative acquisition (Code V) and does not report derivative transactions or dispositions.