[Form 4] Kimball Electronics, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Kimball Electronics insider Douglas Hass reported equity changes tied to his compensation and tax withholding. On 08/27/2025 performance-based shares and prior restricted shares vested, adding a total of 15,746 common shares to his beneficial ownership through vesting events recorded as acquisitions at $0. The report also shows 6,842 shares disposed of at $27.97 to satisfy tax obligations, leaving the reporting person with 20,247 shares beneficially owned after that sale and 30,458 shares following other vesting-related accruals. Some restricted shares remain subject to future vesting through August 2028 and expire upon termination for reasons other than death, disability, or retirement.

Insights

Financial Analyst

TL;DR: Insider vesting increased ownership while tax-related withholding reduced shares; net change is ownership concentration shift, not a market signal.

The filing documents performance-based and restricted share vestings on 08/27/2025 that added 15,746 vested shares (5,974 prior restricted plus 9,772 performance-based shares reflected) at no cash purchase price, indicating compensation realization rather than open-market purchases. A disposition of 6,842 shares at $27.97 was used to satisfy tax obligations, a routine employer withholding mechanism. Overall beneficial ownership figures reported are 20,247 shares after the sale and 30,458 shares when accounting for cumulative restricted shares noted as vesting across 2026–2028. These transactions are compensation-driven and not evidence of opportunistic trading.

Corporate Governance Expert

TL;DR: Compensation plan mechanics executed: committee-certified performance vesting plus standard restrictive terms and tax withholding.

The Performance Shares vested upon certification by the Talent, Culture, and Compensation Committee, consistent with plan governance and approved metrics. Restricted shares include multi-year vesting tranches (Aug 2026–Aug 2028) and contain standard forfeiture provisions upon termination except for death, disability, or retirement. The withholding disposition aligns with customary employer practice to satisfy tax liabilities on vesting events. No unusual governance actions or exceptions are disclosed in this Form 4.

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

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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^*

Hass Douglas

(Last) (First) (Middle)

1205 KIMBALL BOULEVARD

(Street)

JASPER IN 47546

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Kimball Electronics, Inc. [ KE ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CL & AO, Secretary

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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	08/27/2025		M		5,974	A	$0	17,317	D
Common Stock	08/27/2025		A		9,772(1)	A	$0	27,089	D
Common Stock	08/27/2025		F(2)		6,842	D	$27.97	20,247	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 Shares	$0	08/27/2025		M			5,974	(3)	(3)	Common Stock	5,974	$0	7,749	D
Restricted Shares	$0	08/27/2025		A		22,709		(4)	(5)	Common Stock	22,709	$0(6)	30,458(7)	D

Explanation of Responses:

1. Reflects performance based shares granted pursuant to the Issuer's 2023 Equity Incentive Plan which vested on August 27, 2025 upon the achievement of certain performance criteria certified by the Talent, Culture, and Compensation Committee of the Board of Directors of the Issuer.

2. Shares withheld to satisfy tax obligations.

3. Represents Restricted Shares granted in prior years that vested on August 27, 2025 (5,974 shares).

4. Represents Restricted Shares which vest in August 2026 (7,570 shares), August 2027 (7,570 shares), and August 2028 (7,569 shares).

5. The Restricted Shares expire if the reporting person ceases employment for any reason other than death, disability, or retirement.

6. Not Applicable.

7. Represents cumulative Restricted Shares that vest August 2026 (12,132 shares), August 2027 (10,757 shares), and August 2028 (7,569 shares).

Remarks:

	Kimberly E. Cooper, Attorney in Fact and Agent	08/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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