MGPI (MGPI) CHRO uses 241 shares to cover tax withholding obligations

Rhea-AI Filing Summary

MGP Ingredients Inc. Chief Human Resources Officer Erika Lapish reported a tax-related share disposition. On February 20, 2026, she disposed of 241 shares of common stock at $25.93 per share to satisfy tax withholding obligations, a non-open-market transaction coded as a tax-withholding disposition. After this, she directly holds 9,121 shares, which the footnote states represent 6,131 common shares and 2,990 restricted stock units, and she also reports 550 shares held indirectly by her husband.

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^*

Lapish Erika

(Last) (First) (Middle)

100 COMMERCIAL STREET

(Street)

ATCHISON KS 66002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MGP INGREDIENTS INC [ MGPI ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHRO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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
Common Stock	02/20/2026		F		241	D	$25.93	9,121(1)	D
Common Stock								550	I	by Husband

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. Represents 6,131 shares of common stock and 2,990 restricted stock units.

Remarks:

	/s/ Zoe Vantzos, Attorney-in-fact for Erika Lapish	02/20/2026
	** 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).
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FAQ

What insider transaction did MGPI executive Erika Lapish report?

Erika Lapish reported a tax-withholding share disposition. She disposed of 241 shares of MGP Ingredients common stock at $25.93 per share to cover tax liabilities, a routine non-open-market transaction typically tied to equity compensation vesting or similar events.

How many MGP Ingredients (MGPI) shares does Erika Lapish hold after the Form 4?

After the reported transaction, Lapish holds 9,121 direct shares. A footnote explains this consists of 6,131 shares of common stock and 2,990 restricted stock units. She also reports 550 additional shares held indirectly through her husband.

Was the MGPI Form 4 transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The Form 4 uses code “F,” describing it as a payment of tax liability by delivering securities, meaning the 241 shares were used for tax withholding rather than sold in a discretionary market trade.

What price per share was used in Erika Lapish’s MGPI tax-withholding disposition?

The tax-withholding disposition was reported at $25.93 per share. This price is used to value the 241 common shares delivered to cover tax obligations associated with Lapish’s equity compensation, as disclosed in the Form 4 transaction details.

How many MGP Ingredients (MGPI) shares are reported as indirectly owned by Erika Lapish?

Lapish reports 550 indirectly owned MGPI shares. The Form 4 identifies these as held “by Husband,” classifying them as indirect ownership. This indirect position is separate from her 9,121 directly held shares and associated restricted stock units.

What does transaction code F mean in the MGPI Form 4 for Erika Lapish?

Transaction code F indicates a tax-withholding event. Specifically, it reflects payment of an exercise price or tax liability by delivering securities, so the 241 shares were used to satisfy taxes rather than representing a standard open-market purchase or sale.