[Form 4] Ennis, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Ennis, Inc. (EBF) – Form 4 insider transaction

On 07/23/2025 director Aaron Carter received 2,969 shares of Ennis common stock as an “annual service award for newly elected directors previously missed.” The award was booked at a price of $0, indicating it is a compensatory grant rather than an open-market purchase. After the transaction Carter’s direct holdings increased to 18,385 shares. No derivative securities were involved and no shares were sold.

The filing does not reference any accompanying option grants, cash payments, or changes to board composition. While the award modestly strengthens insider alignment, the size is immaterial relative to Ennis’s public float and is unlikely to influence the company’s capital structure or share-count dynamics.

Insights

Corporate Governance Analyst

TL;DR: Small compensatory share award; neutral for valuation, mildly positive for alignment.

The grant simply corrects a missed annual service award, bringing director Carter’s direct stake to 18,385 shares. Because the shares were issued at no cost, there is a negligible cash impact and an immaterial dilution effect given Ennis’s 26 + million share count. Insider buying (even by award) is typically read positively, but the limited scale means it should not affect earnings per share or governance risk scores. Overall, the transaction is routine housekeeping.

Portfolio Manager

TL;DR: Routine director share grant; does not change investment thesis.

The 2,969-share award increases Carter’s exposure but represents less than 0.01 % of shares outstanding. No purchase signal or negative sentiment implied, and no sales were recorded. I view the notice as administratively neutral; it neither prompts portfolio action nor alters risk/reward assumptions for EBF.

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).

1. Name and Address of Reporting Person^*

Carter Aaron

(Last) (First) (Middle)

2502 GARRETT COURT

(Street)

CEDAR HILL TX 75104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ENNIS, INC. [ EBF ]

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)
07/23/2025

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	07/23/2025		A		2,969(1)	A	$0	18,385	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:

1. Annual service award for newly elected directors previously missed.

	/s/Vera Burnett, Attorney-in-fact for Aaron Carter	07/23/2025
	** 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).
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