BFI Co. sells 72,198 Phibro (PAHC) shares under 10b5-1 plan

Rhea-AI Filing Summary

Phibro Animal Health insider activity shows that BFI Co., LLC, an entity associated with President and CEO Jack Bendheim, sold a total of 72,198 shares of Class A common stock in open-market transactions on February 10–11, 2026. The shares were sold under a pre-established Rule 10b5-1 trading plan adopted by BFI on May 30, 2025, at weighted average prices ranging from about $51.61 to $52.21. Following these indirect sales, BFI continued to hold 50,760 shares, while Bendheim directly held 16,840 shares.

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)
02/10/2026

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	02/10/2026		S(1)		50,994	D	$51.7565(2)	71,964	I	See(3)
Class A Common Stock	02/10/2026		S(1)		7,020	D	$52.173(4)	64,944	I	See(3)
Class A Common Stock	02/11/2026		S(1)		13,950	D	$51.6107(5)	50,994	I	See(3)
Class A Common Stock	02/11/2026		S(1)		234	D	$52.2074(6)	50,760	I	See(3)
Class A Common Stock								16,840	D(7)

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 $51.10 to $52.09. 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, 5 and 6.

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 $52.10 to $52.30.

5. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.11 to $52.04.

6. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $52.205 to $52.21.

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

	/s/ Judith Weinstein, as Attorney-in-Fact for Jack Bendheim	02/11/2026
	/s/ Judith Weinstein, as Attorney-in-Fact for BFI Co., LLC	02/11/2026
	** 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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FAQ

What insider transactions did PAHC report for February 2026?

The report shows BFI Co., LLC, linked to Phibro’s CEO, sold 72,198 Class A shares on February 10–11, 2026. These were open-market sales executed under a Rule 10b5-1 trading plan adopted in May 2025.

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

The seller was BFI Co., LLC, a ten percent owner. Jack Bendheim, Phibro’s President and CEO, has voting and dispositive power over BFI but disclaims beneficial ownership except for his pecuniary interest in the securities held by BFI.

At what prices were the PAHC shares sold by BFI Co., LLC?

The sales used weighted average prices. Individual transactions occurred in price ranges including $51.10–$52.09, $52.10–$52.30, $51.11–$52.04, and $52.205–$52.21, with representative reported averages like $51.7565 and $52.173 per share.

How many PAHC shares does BFI Co., LLC hold after these transactions?

After the reported open-market sales, BFI Co., LLC beneficially owned 50,760 shares of Phibro Animal Health Class A common stock indirectly. This figure reflects the remaining position following the February 10–11, 2026 transactions.

How many PAHC shares does Jack Bendheim hold directly after these trades?

Separate from BFI’s holdings, the filing shows that Jack Bendheim directly holds 16,840 shares of Phibro Animal Health Class A common stock. A footnote clarifies these reported securities are directly held by Bendheim.

Was the PAHC insider selling under a Rule 10b5-1 trading plan?

Yes. The filing states the reported sales were made under a Rule 10b5-1 trading plan adopted by BFI Co., LLC on May 30, 2025. Such plans preset trading parameters to allow structured, pre-arranged share sales.