Phibro Animal Health (PAHC) CEO-linked LLC sells 21,120 shares

Rhea-AI Filing Summary

Phibro Animal Health CorpBFI Co., LLC, an entity associated with President and CEO Jack Bendheim, sold a total of 21,120 shares of Class A common stock in open-market transactions from February 24–26, 2026, under a pre-established Rule 10b5-1 trading plan adopted on May 30, 2025.

The reported weighted-average sale prices for these trades were around $51–$54 per share, and the filing notes that some shares are held directly by Jack Bendheim while others are held indirectly through BFI Co., LLC.

02/26/2026 - 07:09 PM

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).

X

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^*

BENDHEIM JACK

(Last) (First) (Middle)

300 FRANK W. BURR BLVD., STE 21

(Street)

TEANECK NJ 07666

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PHIBRO ANIMAL HEALTH CORP [ PAHC ]

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

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	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
Class A Common Stock	02/24/2026		S(1)		5,889	D	$51.2679(2)	16,711	I	See(3)
Class A Common Stock	02/24/2026		S(1)		1,151	D	$51.8799(4)	15,560	I	See(3)
Class A Common Stock	02/25/2026		S(1)		7,040	D	$51.7104(5)	8,520	I	See(3)
Class A Common Stock	02/26/2026		S(1)		6,329	D	$53.669(6)	2,191	I	See(3)
Class A Common Stock	02/26/2026		S(1)		711	D	$54.2826(7)	1,480	I	See(3)
Class A Common Stock								16,840	D(8)

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

1. Name and Address of Reporting Person^*

BENDHEIM JACK

(Last) (First) (Middle)

300 FRANK W. BURR BLVD., STE 21

(Street)

TEANECK NJ 07666

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

1. Name and Address of Reporting Person^*

BFI Co., LLC

(Last) (First) (Middle)

300 FRANK W. BURR BLVD., STE 21

(Street)

TEANECK NJ 07666

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by BFI Co., LLC ("BFI") on May 30, 2025.

2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.755 to $51.75. The Reporting Person undertakes to provide to Phibro Animal Health Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote and in footnotes 4 through 7.

3. The reported securities are directly held by BFI. Jack Bendheim, a reporting person, director and officer of the Issuer, exercises voting and dispositive power over BFI and may be deemed to have shared voting and investment power over the securities held by BFI. Mr. Bendheim disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.80 to $52.065.

5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.275 to $52.27.

6. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.21 to $54.10.

7. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.27 to $54.355.

8. The reported securities are directly held by Jack Bendheim.

	/s/ Judith Weinstein, as Attorney-in-Fact for Jack Bendheim	02/26/2026
	/s/ Judith Weinstein, as Attorney-in-Fact for BFI Co., LLC	02/26/2026
	** 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.

FAQ

What insider transactions did PAHC disclose in this Form 4 filing?

The filing shows BFI Co., LLC, an entity associated with Phibro Animal Health CEO Jack Bendheim, sold 21,120 shares of Class A common stock in open-market transactions over several days, with prices reported on a weighted-average basis under a Rule 10b5-1 trading plan.

Who executed the PAHC share sales reported in this Form 4?

The sales were executed by BFI Co., LLC, which directly holds the reported securities. CEO Jack Bendheim exercises voting and dispositive power over BFI but disclaims beneficial ownership except for his pecuniary interest, according to the referenced footnote in the disclosure.

Over what dates were the PAHC shares sold by BFI Co., LLC?

The reported sales of Phibro Animal Health Class A common stock by BFI Co., LLC occurred on February 24, February 25, and February 26, 2026. Each day’s transactions are recorded with share amounts and weighted-average prices for the open-market sales.

Were the PAHC insider sales made under a Rule 10b5-1 trading plan?

Yes, the disclosure states the reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by BFI Co., LLC on May 30, 2025. Rule 10b5-1 plans pre-schedule trades to help insiders systematically sell shares over time.

What prices were received for the PAHC shares sold in these transactions?

The Form 4 lists weighted-average sale prices for each transaction, with individual trades reported around the low-to-mid-$50s per share. Additional footnotes explain that the shares were sold in multiple transactions within specified price ranges for each trading day.