Andersons, Inc. (ANDE) director discloses sale of 2,500 shares

Rhea-AI Filing Summary

Andersons, Inc. director John T. Stout reported selling 2,500 shares of the company’s common stock on December 12, 2025 at a price of $53 per share. Following this sale, he beneficially owned 30,940.5719 shares directly and an additional 4,219 shares indirectly through a trust.

Insider Trade Summary

Net Seller: 2,500 shares ($132,500)

Net Sell 2 txns

Insider Stout John T Jr

Role Director

Sold 2,500 shs ($133K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,500	$53.00	$133K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 30,940.572 shares (Direct); Common Stock — 4,219 shares (Indirect, Held in Trust)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Stout John T 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)
12/12/2025

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	12/12/2025		S		2,500	D	$53	30,940.5719	D
Common Stock								4,219	I	Held in 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

Explanation of Responses:

Remarks:

	John T. Stout, by Melissa Trippel, Limited Power of Attorney	12/15/2025
	** 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 insider transaction did Andersons, Inc. (ANDE) disclose in this filing?

The filing reports that director John T. Stout sold 2,500 shares of Andersons, Inc. common stock at $53 per share on December 12, 2025.

How many ANDE shares did John T. Stout sell and at what price?

John T. Stout sold 2,500 shares of Andersons, Inc. common stock at a price of $53 per share.

How many Andersons, Inc. (ANDE) shares does John T. Stout own after the sale?

After the reported sale, John T. Stout beneficially owned 30,940.5719 shares directly and 4,219 shares indirectly, held in a trust.

What is John T. Stout’s relationship to Andersons, Inc. (ANDE)?

John T. Stout is a director of Andersons, Inc., as indicated in the relationship section of the filing.

On what date did the reported ANDE stock transaction occur?

The reported Andersons, Inc. stock transaction occurred on December 12, 2025.

Is any of John T. Stout’s ANDE ownership held indirectly?

Yes. In addition to his direct holdings, John T. Stout beneficially owns 4,219 Andersons, Inc. shares indirectly, held in a trust.