Andersons (ANDE) director Stout sells 2,500 shares, retains large stake

Rhea-AI Filing Summary

Andersons, Inc. director John T. Stout Jr. reported an open‑market sale of 2,500 shares of Common Stock at $70.30 per share. After this transaction, he holds 23,440.5719 shares directly and an additional 4,219 shares indirectly held in a trust.

Insider Trade Summary

Net Seller: 2,500 shares ($175,750)

Net Sell 2 txns

Insider Stout John T Jr

Role Director

Sold 2,500 shs ($176K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,500	$70.30	$176K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 23,440.572 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 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)
03/17/2026

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	03/17/2026		S		2,500	D	$70.3	23,440.5719	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	03/19/2026
	** 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 John T. Stout Jr.?

Director John T. Stout Jr. reported an open-market sale of 2,500 shares of Andersons, Inc. common stock at $70.30 per share. The transaction reflects a reduction of his directly held shares while he maintains a significant continuing ownership stake in the company.

How many Andersons (ANDE) shares did John T. Stout Jr. sell and at what price?

John T. Stout Jr. sold 2,500 shares of Andersons, Inc. common stock at a price of $70.30 per share. This was an open-market sale recorded in a Form 4 insider filing, documenting the precise share amount and transaction price for investors.

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

Following the sale, John T. Stout Jr. directly owns 23,440.5719 shares of Andersons, Inc. common stock. He also has 4,219 additional shares held indirectly in a trust, so the filing shows that he retains a sizable ongoing ownership interest in the company.

Is John T. Stout Jr.’s Andersons (ANDE) share ownership only direct holdings?

No. The Form 4 shows both direct and indirect ownership. He holds 23,440.5719 shares directly and 4,219 shares indirectly "Held in Trust." This distinction helps investors understand how his stake is structured across personal and trust accounts.

What does the Form 4 indicate about John T. Stout Jr.’s role at Andersons (ANDE)?

The Form 4 identifies John T. Stout Jr. as a director of Andersons, Inc. Directors are considered insiders, so their trades must be reported. This filing documents his recent share sale and current holdings, providing transparency into board-level ownership activity for shareholders.

Does the Form 4 show any derivative securities for John T. Stout Jr. at Andersons (ANDE)?

The insider data summary shows no derivative transactions or remaining derivative positions for John T. Stout Jr. in this filing. All reported activity involves non-derivative common stock, focusing solely on his direct and indirect share ownership and the single open-market sale.