Golden Growers (GGROU) director gifts 16,000 membership units

Rhea-AI Filing Summary

Golden Growers Cooperative director David J. Kragnes reported gifting membership units of the cooperative. On December 31, 2025, he transferred 12,000 membership units as a gift at a reported price of $0 per unit, leaving him with 73,500 membership units held directly. On the same date, he also reported a separate gift of 4,000 membership units at $0 per unit, which are held indirectly "By Spouse", with 5,000 membership units beneficially owned following the transaction in that indirect account. The filing classifies him as a director of Golden Growers Cooperative and is filed as a Form 4 for one reporting person.

Insider Trade Summary

Net Seller: 16,000 shares

Net Sell 2 txns

Insider Kragnes David J.

Role Director

Type	Security	Shares	Price	Value
Gift	Membership Units	12,000	$0.00	$0.00
Gift	Membership Units	4,000	$0.00	$0.00

Holdings After Transaction: Membership Units — 73,500 shares (Direct); Membership Units — 5,000 shares (Indirect, By Spouse)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/22/2026 - 11:01 AM Learn about SEC filing dates

FAQ

What insider activity did Golden Growers (GGROU) report on this Form 4?

The Form 4 reports that director David J. Kragnes made two gift (code G) transactions in Golden Growers Cooperative membership units on December 31, 2025.

How many Golden Growers (GGROU) membership units did the director gift?

He reported gifting 12,000 membership units held directly and 4,000 membership units held indirectly through his spouse, for a total of 16,000 membership units.

What holdings does the Golden Growers (GGROU) director report after these transactions?

Following the reported gifts, he shows 73,500 membership units held directly and 5,000 membership units held indirectly "By Spouse".

What does transaction code G mean on this Golden Growers (GGROU) Form 4?

Transaction code G indicates that the transfers of Golden Growers Cooperative membership units were reported as gifts, not open-market purchases or sales.

What role does David J. Kragnes have at Golden Growers Cooperative (GGROU)?

The filing identifies David J. Kragnes as a director of Golden Growers Cooperative and notes that the Form 4 is filed by one reporting person.

Are any of the Golden Growers (GGROU) units held indirectly by the director?

Yes. One line in the filing shows membership units held indirectly with the nature of ownership described as "By Spouse", with 5,000 units beneficially owned after the reported gift.

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).

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^*

Kragnes David J.

(Last) (First) (Middle)

1002 MAIN AVENUE WEST

SUITE 5

(Street)

WEST FARGO ND 58078

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Golden Growers Cooperative [ GGROU ]

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)
12/31/2025

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
Membership Units	12/31/2025		G		12,000	D	$0	73,500	D
Membership Units	12/31/2025		G		4,000	D	$0	5,000	I	By Spouse

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:

	/s/ David J. Kragnes	01/22/2026
	** 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.