[Form 4] RGC Resources Inc Insider Trading Activity

Rhea-AI Filing Summary

Christen Brooke Miles, VP Human Resources of RGC Resources, Inc. (RGCO), reported a purchase of common stock on 09/02/2025. The Form 4 shows an acquisition coded "P(1)" of 4.52 shares at a price of $22.125 per share, increasing the reporting person's beneficial ownership to 6,800.086 shares. The filing states the purchase was made through the company's Dividend Reinvestment and Stock Purchase Plan.

The report also lists employee stock options with a $16.62 exercise price, exercisable beginning 04/18/2024 and expiring 10/18/2033, and indicates 5,000 units under the derivative holdings section. The Form 4 was signed 09/03/2025.

Positive

• Purchase made via Dividend Reinvestment and Stock Purchase Plan, showing participation in an established, company-run plan
• Reported beneficial ownership increased to 6,800.086 shares following the transaction
• Employee stock options disclosed with exercise price $16.62, exercisable 04/18/2024 and expiring 10/18/2033 (5,000 units)

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider made a small DRIP purchase; holdings and outstanding options are disclosed with no material change implied.

The filing documents a modest purchase of 4.52 common shares at $22.125 under the issuer's Dividend Reinvestment and Stock Purchase Plan, raising reported beneficial ownership to 6,800.086 shares. The disclosure of 5,000 employee stock options at a $16.62 exercise price with exercisability from 04/18/2024 and expiration 10/18/2033 is routine for compensation-related holdings. Transaction size appears immaterial to company capitalization based on the single-share-level purchase disclosed.

Corporate Governance Expert

TL;DR: Filing shows proper Section 16 disclosure of an insider purchase and existing option grants; no governance concerns evident.

The report is concise and includes the required signature and transaction coding. The purchase was made through an established dividend reinvestment and stock purchase plan, which is a common mechanism for insider accumulation. The presence of employee stock options is disclosed with exercise and expiration dates, meeting transparency expectations under Section 16 reporting rules.

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^*

Miles Christen Brooke

(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, Human Resources

3. Date of Earliest Transaction (Month/Day/Year)
09/02/2025

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	09/02/2025		P(1)		4.52	A	$22.125	6,800.086	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	$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.

	/s/ Christen Brooke Miles	09/03/2025
	** 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

What transaction did Christen Brooke Miles report on the RGCO Form 4?

The Form 4 reports a purchase of 4.52 shares of RGCO common stock on 09/02/2025 at $22.125 per share.

How did the reported transaction affect Christen Brooke Miles' ownership in RGCO?

The filing shows beneficial ownership increased to 6,800.086 shares following the reported transaction.

Were the purchases part of a specific plan or program?

Yes. The purchases were made with optional cash contributions under the RGC Resources, Inc. Dividend Reinvestment and Stock Purchase Plan.

What derivative holdings did the Form 4 disclose for the reporting person?

The Form 4 discloses employee stock options with an exercise price of $16.62, exercisable from 04/18/2024 and expiring 10/18/2033, showing 5,000 in the derivative holdings section.

When was the Form 4 signed and filed?

The Form 4 bears the reporting person's signature dated 09/03/2025.