RGC Resources VP adds shares via dividend reinvestment plan

Rhea-AI Filing Summary

RGC Resources Inc. (RGCO) Form 4: Vice President & Secretary Lawrence T. Oliver reported a routine dividend-reinvestment purchase on 08/01/2025. He acquired 10.163 common shares at $19.68 under the company’s Dividend Reinvestment & Stock Purchase Plan (code “P”).

Following the transaction, Oliver now directly owns 23,761.18 RGCO shares. No shares were sold. The filing also reiterates his outstanding employee stock options—totaling 14,000 options across four grants with strike prices ranging from $16.62 to $27.87—that were not transacted.

The cash outlay (~$200) is immaterial relative to RGCO’s market capitalization and Oliver’s total holdings, so the filing is considered administratively routine rather than a signal of major strategic intent.

Insights

Securities Analyst

TL;DR: Very small DRIP buy; neutral impact on valuation.

The 10-share acquisition is a mechanical purchase through the dividend plan, not an open-market buy. While it marginally raises insider ownership, the dollar value is negligible and provides little incremental information on management’s outlook. The unchanged option positions show no additional leverage being taken. For investors, the disclosure is compliant housekeeping with no material effect on earnings prospects or liquidity.

Corporate Governance Expert

TL;DR: Routine filing; supports transparency, but not strategically meaningful.

Regular reporting of DRIP activity demonstrates adherence to Section 16 requirements and reinforces governance standards. However, the minuscule share count means the transaction neither strengthens alignment significantly nor signals future corporate actions. Impact on governance perception and shareholder rights is therefore neutral.

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).

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^*

Oliver Lawrence T.

(Last) (First) (Middle)

P. O. BOX 13007

(Street)

ROANOKE VA 24030

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
RGC RESOURCES INC [ RGCO ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		P(1)		10.163	A	$19.68	23,761.18(2)	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
Employee Stock Options	$27.87							10/01/2020	04/01/2030	Common Stock	0		5,000	D
Employee Stock Options	$22.93							11/26/2021	05/26/2031	Common Stock	0		3,000	D
Employee Stock Options	$19.9							01/25/2023	07/25/2032	Common Stock	0		1,000	D
Employee Stock Options	$16.62							04/18/2024	10/18/2033	Common Stock	0		5,000	D

Explanation of Responses:

1. Purchases made with optional cash contribution pursuant to the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan.

2. Includes 84.058 shares purchased 08/01/2025 through dividends reinvested in the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan and 132.452 restricted shares purchased 08/01/2025 through dividends reinvested in the RGC Resources, Inc. Restricted Stock Plan.

	/s/ Lawrence T. Oliver	08/05/2025
	** 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

How many RGCO shares did VP Lawrence T. Oliver buy?

He purchased 10.163 common shares on 08/01/2025 under the Dividend Reinvestment Plan.

What price did the insider pay for RGCO stock?

The shares were acquired at $19.68 per share.

How many RGCO shares does the insider now own?

After the transaction, Oliver directly owns 23,761.18 shares of RGC Resources.

Were any RGCO shares sold in this Form 4 filing?

No. The filing only reports an acquisition; no dispositions were made.

Did the insider exercise any stock options?

No option exercises occurred; the filing merely lists 14,000 outstanding options with various strike prices.