[Form 4] Casey's General Stores Inc Insider Trading Activity

Rhea-AI Filing Summary

Donthi Sri, a director of Casey's General Stores Inc. (CASY), reported equity transactions on a Form 4 filed for transactions dated September 3 and September 4, 2025. The filing shows 442 shares of Common Stock recorded on 09/03/2025 and 326 restricted stock units (RSUs) recorded on 09/04/2025, both at $0 price. The 326 RSUs are non-employee director compensation under the 2025 Stock Incentive Plan and will vest in full on the date of Casey's 2026 annual shareholders meeting. The 442-share entry relates to awards under the 2018 Stock Incentive Plan and is shown as vested in full on the date of Casey's 2025 annual shareholders meeting. Following the reported transactions, the reporting person is shown as beneficially owning 1,695 shares. The Form 4 was signed under power of attorney by Scott Faber on 09/05/2025.

Positive

• Director received standard equity compensation via RSUs under the 2025 Stock Incentive Plan
• Previous award vested in full under the 2018 Stock Incentive Plan, recorded as 442 shares
• Beneficial ownership reported increased to 1,695 shares following the transactions

Negative

• None.

Insights

Financial Analyst

TL;DR: Director equity awards vested and new director RSUs granted, modestly increasing reported beneficial ownership.

The Form 4 documents routine director compensation activity rather than open-market trading or large transfers. A vested award of 442 shares is recorded as of 09/03/2025 and a separate grant of 326 restricted stock units dated 09/04/2025 will vest at the 2026 annual meeting. The filing shows the reporting person beneficially owns 1,695 shares after these items. This is a standard disclosure of equity-based compensation for a non-employee director and does not include cash purchase or sale transactions.

Corporate Governance Expert

TL;DR: Filing reflects normal director equity compensation with vesting schedules and plan references, filed via Form 4.

The disclosure cites awards under the 2018 and 2025 Stock Incentive Plans and distinguishes a vested award versus an award that vests at the 2026 shareholders meeting. The use of a power of attorney signature and clear plan references align with standard governance and reporting practices. Nothing in the filing indicates a change in board status or an unusual related-party transaction.

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
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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^*

Donthi Sri

(Last) (First) (Middle)

5008 AIRPORT ROAD NW

(Street)

ROANOKE VA 24012

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CASEYS GENERAL STORES INC [ CASY ]

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)
09/03/2025

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	09/03/2025		M		442	A	$0	1,695	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
Restricted stock units	(1)	09/04/2025		A		326		(2)	(2)	Common Stock	326	$0	326	D
Restricted stock units	(1)	09/03/2025		M			442	(3)	(3)	Common Stock	442	$0	0	D

Explanation of Responses:

1. Each restricted stock unit represents the right to receive, following vesting, one share of Common Stock.

2. Non-employee director equity compensation pursuant to terms and conditions of 2025 Stock Incentive Plan. This award will vest in full on the date of Casey's 2026 annual shareholder's meeting.

3. Non-employee director equity compensation pursuant to terms and conditions of 2018 Stock Incentive Plan. This award vested in full on the date of Casey's 2025 annual shareholder's meeting.

Remarks:

	Scott Faber, under Power of Attorney dated June 15, 2022	09/05/2025
	** 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 transactions did Donthi Sri report on the CASY Form 4?

The Form 4 reports a vested award of 442 shares on 09/03/2025 and a grant of 326 restricted stock units on 09/04/2025.

Will the 326 restricted stock units reported for CASY vest immediately?

No. The 326 RSUs are non-employee director compensation under the 2025 Stock Incentive Plan and will vest in full on the date of Casey's 2026 annual shareholders meeting.

How many Casey's (CASY) shares does the reporting person beneficially own after these transactions?

The Form 4 shows the reporting person beneficially owns 1,695 shares following the reported transactions.

What plans governed the reported awards on the CASY Form 4?

The filing references awards under the 2018 Stock Incentive Plan (vested award) and the 2025 Stock Incentive Plan (RSU grant).

Who signed the Form 4 for Donthi Sri?

The Form 4 was signed under power of attorney by Scott Faber on 09/05/2025.