Andersons (ANDE) director sells 15000 shares in open-market trade

Rhea-AI Filing Summary

Andersons, Inc. director Patrick E. Bowe reported an open-market sale of 15000 shares of Common Stock. The transaction occurred on 2026-03-16 at a price of $70.41 per share. After this sale, he directly holds 159874.6324 shares, indicating he retains a substantial remaining position.

Insider Trade Summary 10b5-1

Net Seller: 15,000 shares ($1,056,150)

Net Sell 1 txn

Insider Bowe Patrick E.

Role Director

Sold 15,000 shs ($1.06M)

Type	Security	Shares	Price	Value
Sale	Common Stock	15,000	$70.41	$1.06M

Holdings After Transaction: Common Stock — 159,874.632 shares (Direct)

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).

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 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)
03/16/2026

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	03/16/2026		S		15,000	D	$70.41	159,874.6324	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	03/17/2026
	** 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.

FAQ

What did Andersons (ANDE) director Patrick E. Bowe disclose in this Form 4?

Patrick E. Bowe disclosed selling 15000 shares of Andersons Common Stock. The open-market sale took place on 2026-03-16 at $70.41 per share, and he reported direct ownership of 159874.6324 shares following the transaction, showing he maintains a significant remaining stake.

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

He sold 15000 shares of Andersons Common Stock in a single reported transaction. The sale was executed at $70.41 per share on 2026-03-16 as an open-market or private transaction, according to the Form 4 disclosure fields for price and transaction code S.

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

After the reported sale, Patrick E. Bowe directly owns 159874.6324 shares of Andersons Common Stock. This figure comes from the Form 4 field labeled total_shares_following_transaction and reflects his direct ownership position immediately following the 15000-share open-market sale.

Is Patrick E. Bowe’s Andersons (ANDE) transaction classified as a buy or a sell?

The transaction is classified as a sell. The Form 4 lists transaction code S and transaction_direction as sell, describing it as an open-market sale of 15000 Common Stock shares at $70.41 per share, reducing his holdings to 159874.6324 shares afterward.

Does Patrick E. Bowe hold Andersons (ANDE) shares directly or indirectly after the sale?

He holds the shares directly after the sale. The Form 4 reports direct_or_indirect as D and ownership_type as direct for the 159874.6324 shares following the 15000-share open-market sale, indicating personal direct ownership rather than through an intermediary entity or trust.