The Andersons (ANDE) director Bowe sells 19,100 common shares

Rhea-AI Filing Summary

Andersons, Inc. director Patrick E. Bowe reported an open-market sale of 19,100 shares of common stock at $78.31 per share. After this transaction, he directly holds 94,874.6324 shares of Andersons common stock.

Insights

Equity governance analyst

Director Bowe made a routine-sized open-market share sale while retaining a sizable remaining stake.

Director Patrick E. Bowe sold 19,100 shares of Andersons, Inc. common stock in an open-market transaction at $78.31 per share. The filing classifies this as a non-derivative sale rather than an option exercise or tax-related event.

Following the sale, Bowe directly holds 94,874.6324 shares, indicating he retains a substantial equity position. From a governance perspective, this looks like a liquidity-driven transaction rather than a change in overall alignment, based solely on the remaining holdings shown in this filing.

Insider Trade Summary 10b5-1

Net Seller: 19,100 shares ($1,495,721)

Net Sell 1 txn

Insider Bowe Patrick E.

Role null

Sold 19,100 shs ($1.50M)

Type	Security	Shares	Price	Value
Sale	Common Stock	19,100	$78.31	$1.50M

Holdings After Transaction: Common Stock — 94,874.632 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 19,100 shares Sale price per share: $78.31 per share Shares held after sale: 94,874.6324 shares +1 more

4 metrics

Shares sold 19,100 shares Open-market sale of Andersons common stock

Sale price per share $78.31 per share Price for the 19,100-share open-market sale

Shares held after sale 94,874.6324 shares Direct common stock holdings following the transaction

Transaction code S Sale in open market or private transaction

Key Terms

Form 4, open-market sale, non-derivative, transaction code "S"

4 terms

Form 4 regulatory

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

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

open-market sale financial

"reported selling 19,100 shares of Andersons common stock in an open-market transaction at $78.31 per share"

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.

non-derivative financial

"classified as a non-derivative sale, meaning it involved existing shares"

transaction code "S" regulatory

"The filing labels the transaction with code “S” and describes it as an “open-market sale"

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)
04/30/2026

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	04/30/2026		S		19,100	D	$78.31	94,874.6324	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	05/04/2026
	** 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 did Andersons (ANDE) director Patrick E. Bowe report in this Form 4 filing?

Director Patrick E. Bowe reported selling 19,100 shares of Andersons common stock in an open-market transaction at $78.31 per share. The trade is classified as a non-derivative sale, meaning it involved existing shares rather than options or other derivatives.

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

Patrick E. Bowe sold 19,100 shares of Andersons common stock at a price of $78.31 per share. This was an open-market sale, as indicated by the transaction code “S” and description “Sale in open market or private transaction.”

How many Andersons (ANDE) shares does Patrick E. Bowe hold after this transaction?

After the reported sale, Patrick E. Bowe directly holds 94,874.6324 shares of Andersons common stock. This post-transaction figure comes from the Form 4’s “shares following transaction” field for his direct, non-derivative ownership position.

Was the Andersons (ANDE) transaction by Patrick E. Bowe an open-market trade?

Yes. The filing labels the transaction with code “S” and describes it as an “open-market sale or private transaction.” Combined with the reported price of $78.31 per share, this indicates a standard open-market sale of common stock, not an option exercise.

Does this Andersons (ANDE) Form 4 involve any derivative securities or option exercises?

No. The transaction is categorized as non-derivative common stock with no conversion or exercise price disclosed. The derivativeSummary section is empty, indicating no option exercises, warrants, or other derivative transactions were reported in this particular Form 4 filing.