Titan Machinery (TITN) director receives 3,353-share stock grant

Rhea-AI Filing Summary

CHRISTIANSON TONY reported acquisition or exercise transactions in this Form 4 filing.

Titan Machinery Inc. director Tony Christianson received a grant of 3,353 shares of common stock at no cost, increasing his direct holdings to 68,274 shares. He also reports indirect ownership of 180,000 shares held by Adam Smith Companies, LLC, where he has a controlling interest but disclaims beneficial ownership beyond his pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider CHRISTIANSON TONY

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,353	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 68,274 shares (Direct, null); Common Stock — 180,000 shares (Indirect, By Adam Smith Companies, LLC)

Footnotes (1)

1. [object Object]

Key Figures

Stock grant: 3,353 shares Direct holdings after grant: 68,274 shares Indirect holdings: 180,000 shares +1 more

4 metrics

Stock grant 3,353 shares Common stock grant to director on 2026-06-08

Direct holdings after grant 68,274 shares Common stock held directly by Tony Christianson

Indirect holdings 180,000 shares Common stock held by Adam Smith Companies, LLC

Grant price $0.00 per share Price for 3,353-share compensation award

Key Terms

grant/award acquisition, beneficial ownership, pecuniary interest, indirect ownership

4 terms

grant/award acquisition financial

"transaction_action: grant/award acquisition"

beneficial ownership financial

"Reporting person expressly disclaims beneficial ownership except to the extent"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

pecuniary interest financial

"except to the extent of his pecuniary interest in the entity owning the shares"

indirect ownership financial

"ownership_type: indirect; nature_of_ownership: By Adam Smith Companies, LLC"

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Form 4 Insider Transactions: What Each Field Means →

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^*

CHRISTIANSON TONY

(Last) (First) (Middle)

644 EAST BEATON DRIVE

(Street)

WEST FARGO NORTH DAKOTA 58078

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Titan Machinery Inc. [ TITN ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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	06/08/2026		A		3,353	A	$0	68,274	D
Common Stock								180,000	I	By Adam Smith Companies, LLC(1)

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. Reporting person owns a controlling interest in Adam Smith Companies, LLC which owns the shares. Reporting person expressly disclaims beneficial ownership except to the extent of his pecuniary interest in the entity owning the shares.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Dale Shook as Attorney-in-Fact for Tony Christianson pursuant to Power of Attorney filed herewith	06/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did Titan Machinery (TITN) report for Tony Christianson?

Titan Machinery reported that director Tony Christianson received a grant of 3,353 shares of common stock. This award increased his directly held stake to 68,274 shares and was reported as a compensation-related acquisition rather than an open-market purchase or sale.

How many Titan Machinery (TITN) shares does Tony Christianson now hold directly?

After the reported grant, Tony Christianson holds 68,274 Titan Machinery common shares directly. This figure includes the newly awarded 3,353-share grant, which was issued at no cost as compensation and classified as an acquisition under transaction code A.

What indirect Titan Machinery (TITN) holdings are associated with Tony Christianson?

The filing shows 180,000 Titan Machinery shares held indirectly through Adam Smith Companies, LLC. Christianson owns a controlling interest in this LLC but expressly disclaims beneficial ownership of these shares except to the extent of his pecuniary interest in the entity.

Was the Titan Machinery (TITN) transaction an open-market buy or sell?

The reported transaction was not an open-market buy or sell. It was coded as “A,” meaning a grant or award acquisition of 3,353 common shares at a price of $0.00 per share, indicating a compensation-related stock award to the director.

What does the Form 4 footnote say about Tony Christianson’s beneficial ownership in TITN?

The footnote explains that Christianson has a controlling interest in Adam Smith Companies, LLC, which owns 180,000 shares, but he expressly disclaims beneficial ownership of those shares except for his pecuniary interest. This limits how his indirect position should be interpreted.