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  4. [Form 4] TENNANT COMPANY Insider Trading Activity

TNC Form 4: CCO Richard Zay disposes 4,042 shares at ~$83.21

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Richard H. Zay, Chief Commercial Officer of Tennant Company (TNC), reported the sale of 4,042 shares of Tennant common stock on 08/19/2025 at a weighted average price of $83.2074 per share, with individual sale prices ranging from $83.02 to $83.29. After the sale, Mr. Zay beneficially owned 20,998 shares. The Form 4 was signed on behalf of the reporting person and filed to disclose these changes in beneficial ownership.

Positive

  • Timely and complete disclosure of the insider sale with weighted average price and price range provided
  • Post-transaction beneficial ownership is reported (20,998 shares), giving clear ownership context

Negative

  • No statement in the filing indicating whether the trades were made under a trading plan (e.g., Rule 10b5-1)
  • Per-price allocation for the multiple transactions is not listed in the filing and is only offered upon request

Insights

TL;DR: Insider sale of 4,042 shares at ~$83.21 reduces holdings to 20,998 shares; transaction disclosed on Form 4.

The filing documents a direct disposition by an executive officer, showing a weighted average sale price and the post-transaction beneficial ownership. The disclosure is routine and compliant with Section 16 reporting requirements. The filing does not state any trading plan (e.g., Rule 10b5-1) and provides the price range for the multiple trades making up the aggregate weighted average.

TL;DR: Officer sale disclosed properly; no material contextual details provided about purpose or timing.

The Form 4 shows the reporting person is an officer (Chief Commercial Officer) and that the sale was made in multiple transactions on a single date. The filer offers to provide per-price allocation details on request, which is standard. Absent additional information about the size of the position relative to total outstanding shares or any trading plan, this remains a routine disclosure from a governance perspective.

Insider Zay Richard H.
Role CHIEF COMMERCIAL OFFICER
Sold 4,042 shs ($336K)
Type Security Shares Price Value
Sale Common Stock 4,042 $83.2074 $336K
Holdings After Transaction: Common Stock — 20,998 shares (Direct)
Footnotes (1)
  1. F1. Reflects the weighted average price of 4,042 shares of common stock of Tennant Company sold by the reporting person in multiple transactions on August 19, 2025 with sale prices ranging from $83.02 to $83.29 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did Richard H. Zay sell according to the Form 4 for TNC?
The Form 4 shows 4,042 shares of Tennant Company common stock were sold on 08/19/2025.

At what price were the TNC shares sold on the Form 4?
The weighted average sale price reported is $83.2074 per share, with individual sale prices ranging from $83.02 to $83.29.

How many TNC shares does the reporting person own after the sale?
After the reported transactions the reporting person beneficially owned 20,998 shares.

What is the reporting person's role at Tennant Company?
The Form indicates the reporting person is an officer, specifically the Chief Commercial Officer.

When was the Form 4 filed or signed?
The signature block is dated 08/21/2025 and signed on behalf of Richard H. Zay.
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*
Zay Richard H.
(Last) (First) (Middle)
10400 CLEAN STREET
(Street)
EDEN PRAIRIE MN 55344
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
TENNANT CO [ TNC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CHIEF COMMERCIAL OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
08/19/2025
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 08/19/2025 S 4,042 D $83.2074(1) 20,998 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. Reflects the weighted average price of 4,042 shares of common stock of Tennant Company sold by the reporting person in multiple transactions on August 19, 2025 with sale prices ranging from $83.02 to $83.29 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
/s/ Kristin A. Erickson on behalf of Richard H. Zay 08/21/2025
** 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.

Source: View Original Filing on SEC EDGAR