Andersons (ANDE) director sells 15,000 common shares

Rhea-AI Filing Summary

Andersons, Inc. director Patrick E. Bowe reported open-market sales of a total of 15,000 shares of common stock. He sold 14,200 shares at a price of $72.78 per share on March 25, 2026, and 800 shares at $72.09 per share on March 24, 2026. Following these transactions, he continues to hold 144,874.6324 shares of Andersons common stock directly.

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).

X

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^*

Bowe Patrick E.

(Last) (First) (Middle)

1947 BRIARFIELD BLVD.

(Street)

MAUMEE OHIO 43537

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

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	03/24/2026		S		800	D	$72.09	159,074.6324	D
Common Stock	03/25/2026		S		14,200	D	$72.78	144,874.6324	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:

Remarks:

	Patrick E. Bowe, by Melissa Trippel, Limited Power of Attorney	03/26/2026
	** 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)

FAQ

What insider transaction did Andersons (ANDE) report for Patrick E. Bowe?

Andersons reported that director Patrick E. Bowe sold 15,000 shares of common stock in open-market transactions. These were routine sales disclosed through a Form 4 insider trading report filed with regulators.

How many Andersons (ANDE) shares did Patrick E. Bowe sell and at what prices?

Patrick E. Bowe sold 14,200 Andersons common shares at $72.78 per share and 800 shares at $72.09 per share. All sales were executed as open-market transactions according to the Form 4 disclosure.

On what dates did Patrick E. Bowe sell Andersons (ANDE) stock?

Patrick E. Bowe sold Andersons common stock on March 24, 2026, and March 25, 2026. The Form 4 shows 800 shares sold on March 24 and 14,200 shares sold on March 25 in open-market trades.

How many Andersons (ANDE) shares does Patrick E. Bowe hold after these sales?

After the reported sales, Patrick E. Bowe directly holds 144,874.6324 shares of Andersons common stock. This remaining position reflects his ownership following the total sale of 15,000 shares disclosed in the Form 4.

Were Patrick E. Bowe’s Andersons (ANDE) transactions open-market sales?

Yes, both transactions by Patrick E. Bowe are classified as open-market sales of common stock. The Form 4 lists transaction code “S” and describes these as sales in open market or private transactions at specified per-share prices.

Does the Form 4 show any option exercises or derivative trades for Andersons (ANDE)?

The Form 4 shows no option exercises or derivative security transactions for Patrick E. Bowe. All reported activity involves non-derivative Andersons common stock sold in the open market, with no remaining derivative positions listed in the filing.