Deere & Company (DE) CEO John May exercises options and sells stock

Rhea-AI Filing Summary

Deere & Company Chairman and CEO John C. May II reported exercising 41,472 market-priced stock options at an exercise price of $254.83 per share on January 8, 2026. The resulting shares were then sold in four separate open-market transactions totaling 41,472 shares at weighted average prices of $500.46, $501.31, $502.49, and $503.35 per share, with each sale executed in multiple trades within narrow price ranges under a Rule 10b5-1 trading plan adopted on June 20, 2025.

After these transactions, May directly owned 117,970 shares of Deere common stock and indirectly held 27,891 shares through a SLAT, which includes 19,950 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan. The options exercised had become exercisable in three approximately equal installments on December 9 of 2021, 2022, and 2023 and carried a zero remaining balance following the exercise.

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

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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).

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^*

May John C II

(Last) (First) (Middle)

DEERE & COMPANY

ONE JOHN DEERE PLACE

(Street)

MOLINE IL 61265

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DEERE & CO [ DE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/08/2026

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
$1 Par Common Stock(1)	01/08/2026		M		41,472	A	$254.83	159,442	D
$1 Par Common Stock(1)	01/08/2026		S		15,504	D	$500.46(2)	143,938	D
$1 Par Common Stock(1)	01/08/2026		S		12,456	D	$501.31(3)	131,482	D
$1 Par Common Stock(1)	01/08/2026		S		8,216	D	$502.49(4)	123,266	D
$1 Par Common Stock(1)	01/08/2026		S		5,296	D	$503.35(5)	117,970(6)	D
$1 Par Common Stock								27,891	I	By SLAT

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
Market Priced Options	$254.83	01/08/2026		M			41,472	(7)	12/09/2030	Common Stock	41,472	$0	0	D

Explanation of Responses:

1. Exercise of Rule 16b-3 options and related sale of shares pursuant to a Rule 10b5-1 plan adopted on June 20, 2025.

2. The price reported in Column 4 is a weighted average price. Those shares were sold in multiple transactions at prices ranging from $500.00 to $500.97, inclusive. The reporting person undertakes to provide to Deere & Company, any security holder of Deere & Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4.

3. The price reported in Column 4 is a weighted average price. Those shares were sold in multiple transactions at prices ranging from $501.00 to $501.99, inclusive.

4. The price reported in Column 4 is a weighted average price. Those shares were sold in multiple transactions at prices ranging from $502.00 to $502.97, inclusive.

5. The price reported in Column 4 is a weighted average price. Those shares were sold in multiple transactions at prices ranging from $503.00 to $503.88, inclusive.

6. Includes 19,950 restricted stock unites granted under the John Deere 2020 Equity and Incentive Plan. Units include the ability to have shares withheld to satisfy income tax obligations.

7. The options became exercisable in three approximately equal installments on December 9, 2021, 2022, and 2023.

	/s/ Julie M. Rosales, Assistant Secretary, Deere & Company, Under Power of Attorney	01/09/2026
	** 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 insider transactions did Deere (DE) CEO John C. May II report?

John C. May II reported exercising 41,472 market-priced stock options at an exercise price of $254.83 per share and selling 41,472 shares of Deere & Company common stock in multiple open-market transactions on January 8, 2026.

At what prices did the Deere (DE) CEO sell his common stock shares?

The 41,472 shares of Deere common stock were sold in four blocks of 15,504, 12,456, 8,216, and 5,296 shares at weighted average prices of $500.46, $501.31, $502.49, and $503.35 per share, respectively, each executed in multiple trades within narrow price ranges.

Was the Deere (DE) CEO’s stock sale part of a Rule 10b5-1 trading plan?

Yes. The filing states that the option exercise and related share sales were carried out pursuant to a Rule 10b5-1 plan adopted on June 20, 2025, which pre-established the trading instructions.

How many Deere (DE) shares does CEO John C. May II hold after these transactions?

Following the reported transactions, John C. May II directly owned 117,970 shares of Deere common stock and indirectly held 27,891 shares through a SLAT, as disclosed in the filing.

What restricted stock units are included in the Deere (DE) CEO’s holdings?

The indirect holdings include 19,950 restricted stock units granted under the John Deere 2020 Equity and Incentive Plan, and these units allow shares to be withheld to satisfy income tax obligations.

What were the terms of the options exercised by the Deere (DE) CEO?

The 41,472 market-priced options carried an exercise price of $254.83 per share, became exercisable in three approximately equal installments on December 9, 2021, 2022, and 2023, and had a remaining balance of 0 options after the exercise.