Director Brunner reduces stake; 3,188 LNN shares sold at avg $142

Rhea-AI Filing Summary

Lindsay Corporation director Robert E. Brunner reported sales of common stock on 08/13/2025, selling 1,332 and 1,856 shares in separate transactions at an average reported price of $142.08. Footnotes show the first sale ranged $142.05–$142.435 and the second $142.00–$142.185. After these transactions the filing reports Mr. Brunner beneficially owns 2,548 shares directly, 3,274 shares indirectly through Kiroki Investments, LLC, and 1,882 shares indirectly held by his spouse. The filing discloses restricted stock units that will vest on November 1, 2025, deferred settlements under the directors' nonqualified plan, and that Mr. Brunner is the sole manager of the LLC with sole voting and investment power.

Positive

• Comprehensive disclosure including exact share counts, reported price ranges, RSU vesting dates, and LLC control enhances transparency for investors.

Negative

• Insider sale totaling 3,188 shares on 08/13/2025 (1,332 and 1,856 shares) reduced direct holdings to 2,548 shares, which some market participants may view negatively.

Insights

Securities Analyst

TL;DR: Director sold 3,188 LNN shares at an average of $142.08; trades reported with price ranges and detailed beneficial-ownership disclosure.

The Form 4 shows two sale transactions totaling 3,188 shares on 08/13/2025 with an average reported price of $142.08. Post-transaction beneficial ownership is clearly broken out as 2,548 shares direct, 3,274 indirect via an LLC, and 1,882 indirect via spouse. The inclusion of RSU vesting and deferred-compensation details improves transparency. Without context on total outstanding shares or ownership percentages, the trades appear procedural and neutral from a market-impact perspective.

Corporate Governance Expert

TL;DR: Sale reflects director liquidity while governance disclosures identify LLC control and deferred compensation arrangements.

The filing documents governance-relevant facts: Mr. Brunner is a director, is sole manager of Kiroki Investments, LLC (which holds 3,274 shares), and reports spouse-held indirect ownership of 1,882 shares. The Form 4 also details RSUs that vest on November 1, 2025 and deferred settlement of vested RSUs, indicating structured compensation and holding arrangements. Disclosure completeness is high; the governance signal is neutral absent other board-level changes.

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^*

Brunner Robert E

(Last) (First) (Middle)

18135 BURKE ST.

SUITE 100

(Street)

OMAHA NE 68022

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LINDSAY CORP [ LNN ]

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)
08/13/2025

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	08/13/2025		S		1,332	D	$142.08(1)	2,548(2)(3)	D
Common Stock	08/13/2025		S		1,856	D	$142.08(4)	3,274	I	By LLC(5)
Common Stock								1,882	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:

1. The price reported is the average trading price of the shares sold. The shares were sold in multiple transactions at prices ranging from $142.05 to $142.435, inclusive. Upon request, the reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

2. Includes restricted stock units that will vest on November 1, 2025 and that will settle in shares of Lindsay Corporation's common stock on a deferred one-for-one basis.

3. Includes restricted stock units that have vested but receipt and settlement of which have been deferred under the Lindsay Corporation Directors Nonqualified Deferred Compensation Plan.

4. The price reported is the average trading price of the shares sold. The shares were sold in multiple transactions at prices ranging from $142.00 to $142.185, inclusive. Upon request, the reporting person undertakes to provide to the staff of the Securities and Exchange Commission, the issuer, or any security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. Shares are held by Kiroki Investments, LLC, a limited liability company of which the reporting person is the sole manager and over which the reporting person has sole voting and investment power.

	/s/ Ryan Loneman, attorney-in-fact	08/13/2025
	** 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 did Lindsay Corporation (LNN) director Robert E. Brunner sell?

He sold 1,332 and 1,856 shares of Lindsay common stock on 08/13/2025.

How many LNN shares does Brunner beneficially own after the transactions?

The filing reports 2,548 shares directly, 3,274 shares indirectly via Kiroki Investments, LLC, and 1,882 shares indirectly held by his spouse.

At what prices were the shares sold?

The average reported price was $142.08; footnotes show ranges of $142.05–$142.435 and $142.00–$142.185 across the transactions.

Are there restricted stock units or deferred settlements disclosed in the Form 4?

Yes. The filing discloses RSUs that will vest on November 1, 2025 and RSUs that vested but whose receipt was deferred under the directors' nonqualified deferred compensation plan.

Who controls the LLC that holds indirect shares for Brunner?

Kiroki Investments, LLC is reported as having shares held indirectly and Mr. Brunner is the sole manager with sole voting and investment power.