Andersons (ANDE) director sells 2,407 common shares

Rhea-AI Filing Summary

Andersons, Inc. director Patrick E. Bowe reported an open-market sale of 2,407 shares of common stock on April 23, 2026. The shares were sold at a price of $76.67 per share. After this transaction, Bowe directly holds 114,874.6324 shares of Andersons, Inc. common stock.

Insider Trade Summary 10b5-1

Net Seller: 2,407 shares ($184,545)

Net Sell 1 txn

Insider Bowe Patrick E.

Role null

Sold 2,407 shs ($185K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,407	$76.67	$185K

Holdings After Transaction: Common Stock — 114,874.632 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 2,407 shares Sale price per share: $76.67 per share Shares owned after transaction: 114,874.6324 shares

3 metrics

Shares sold 2,407 shares Open-market sale on April 23, 2026

Sale price per share $76.67 per share Common Stock, transaction code S

Shares owned after transaction 114,874.6324 shares Direct holdings following April 23, 2026 sale

Key Terms

open-market sale, Common Stock, transaction code "S", direct ownership

4 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

transaction code "S" financial

""transaction_code": "S""

direct ownership financial

""direct_or_indirect": "D""

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).

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)
04/23/2026

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	04/23/2026		S		2,407	D	$76.67	114,874.6324	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	04/27/2026
	** 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, Inc. (ANDE) report for Patrick E. Bowe?

Andersons, Inc. director Patrick E. Bowe reported an open-market sale of 2,407 shares of common stock. The transaction occurred on April 23, 2026 and was disclosed in a Form 4 insider trading report filed with regulators.

At what price did Patrick E. Bowe sell Andersons, Inc. (ANDE) shares?

Patrick E. Bowe sold his Andersons, Inc. common stock at $76.67 per share. This price applies to the 2,407 shares sold in the open-market transaction reported for April 23, 2026 in the Form 4 filing.

How many Andersons, Inc. (ANDE) shares does Patrick E. Bowe own after the sale?

After the reported sale, Patrick E. Bowe directly owns 114,874.6324 shares of Andersons, Inc. common stock. This post-transaction holding is disclosed in the Form 4 and reflects his remaining direct ownership position.

What type of transaction is shown in the Andersons, Inc. (ANDE) Form 4 filing?

The Form 4 filing shows an open-market sale of common stock, coded as “S.” This indicates Bowe disposed of 2,407 shares in a market transaction rather than receiving shares through grants, options exercises, or other non-market mechanisms.

What does the Form 4 code “S” mean for the Andersons, Inc. (ANDE) insider trade?

The transaction code “S” on the Form 4 indicates a sale of securities in the open market or a private transaction. In this case, it confirms that Patrick E. Bowe sold 2,407 shares of Andersons, Inc. common stock at $76.67 per share.