RGC Resources Insider Adds Shares via Restricted Stock Plan

Rhea-AI Filing Summary

Form 4 filing for RGC Resources, Inc. (RGCO) discloses that outside director Thomas J. Crawford acquired additional common shares on 08/01/2025.

• Securities acquired: 114.837 common shares at an average price of $19.68 (Transaction Code A – grant/acquisition).
• Post-transaction ownership: 13,159.4 shares held directly.
• Shares were issued under the company’s Restricted Stock Plan for Outside Directors; total includes 89.151 restricted shares purchased the same day through dividend reinvestment.
• Crawford is listed solely as a Director; no other insider roles are indicated.

No derivative securities were reported. The filing represents a modest increase in insider holdings rather than a sale, providing a data point on board-level share accumulation but with limited financial impact given the transaction’s small dollar value (~$2.3 k).

Insights

Securities Analyst

TL;DR: Small insider purchase (115 shares) increases director’s stake to ~13.2k; directionally positive but financially immaterial.

The acquisition under the Restricted Stock Plan signals continued alignment between director Thomas J. Crawford and shareholders, yet the $2k transaction size is negligible relative to RGCO’s market capitalization and average trading volume. No derivative positions or sales were disclosed, so selling pressure is absent. Because the shares were granted/settled via a board compensation program, the move is routine and likely pre-scheduled. Investors typically view insider buying favorably, but this filing alone should not alter valuation models or risk assessments.

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^*

CRAWFORD THOMAS J

(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)

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

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		A(1)		114.837	A	$19.68	13,159.4(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

Explanation of Responses:

1. Shares issued to reporting person pursuant to an election under the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.

2. Includes 89.151 restricted stock shares purchased 08/01/2025 through dividends reinvested in the Restricted Stock Plan for Outside Directors of RGC Resources, Inc.

	/s/ Thomas J. Crawford by Lawrence T. Oliver, POA dated 02/05/2024	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 Director Thomas J. Crawford acquire on 08/01/2025?

He acquired 114.837 common shares at an average price of $19.68.

What is Thomas J. Crawford’s total RGCO shareholding after the reported transaction?

His direct beneficial ownership stands at 13,159.4 shares.

Was the RGCO insider transaction a purchase or sale?

The Form 4 records a purchase/grant (Transaction Code A); no shares were sold.

Under what plan were the new RGCO shares issued to the director?

Shares were issued through the Restricted Stock Plan for Outside Directors and include dividend-reinvested restricted shares.

Did the filing report any derivative securities for RGCO?

No derivative securities were listed in Table II of the Form 4.