Tejon Ranch director Dakos receives 1,021-share grant

The award was reported under a Rule 10b5-1 plan, and a footnote qualifies beneficial ownership of 25,000 shares.

Rhea-AI Filing Summary

Tejon Ranch Co. (TRC) director Andrew Dakos received a grant/award of 1,021 common shares on October 20, 2026, at a reported price of $16.22 per share. The transaction was reported under a Rule 10b5-1 plan. Following the transaction, reported holdings were 37,388 shares; a footnote says Dakos disclaims beneficial ownership of 25,000 common shares through a limited partnership, except to the extent of any pecuniary interest.

Insider Trade Summary 10b5-1

Grant/Award: 1,021 shares

Grant/Award 1 txn

Insider Dakos Andrew

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Tejon Ranch Co. Common Stock F1	1,021	$16.22	$17K

Holdings After Transaction: Tejon Ranch Co. Common Stock — 37,388 shares (Direct)

Footnotes (1)

1. F1. Mr. Dakos disclaims beneficial ownership of 25,000 Common TRC shares, except to the extent of any pecuniary interest - Beneficial Ownership through a Limited Partnership.

Key Figures

Shares acquired: 1,021 shares Reported price per share: $16.22 per share Reported holdings after transaction: 37,388 shares +1 more

4 metrics

Shares acquired 1,021 shares Grant/award on October 20, 2026

Reported price per share $16.22 per share Grant/award on October 20, 2026

Reported holdings after transaction 37,388 shares After the October 20, 2026 transaction

Shares subject to beneficial-ownership disclaimer 25,000 common shares Beneficial ownership through a limited partnership

Key Terms

Rule 10b5-1 plan, beneficial ownership, pecuniary interest, Limited Partnership

4 terms

Rule 10b5-1 plan regulatory

"reported under a Rule 10b5-1 plan"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

beneficial ownership regulatory

"disclaims beneficial ownership of 25,000 Common TRC shares"

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 any pecuniary interest"

Limited Partnership technical

"Beneficial Ownership through a Limited Partnership"

A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did TRC director Andrew Dakos receive?

Andrew Dakos, a Tejon Ranch Co. director, received 1,021 common shares as a grant/award on October 20, 2026, at a reported price of $16.22 per share. The transaction was reported under a Rule 10b5-1 plan.

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

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Available on EDGAR 10/20/2026 - 05:47 PM EDT Accepted by SEC EDGAR 10/20/2026 - 05:46 PM EDT Learn about SEC filing dates

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).

X

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^*

Dakos Andrew

(Last) (First) (Middle)

250 PEHLE AVE, SUITE 708

(Street)

SADDLE BROOK NEW JERSEY 07663

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TEJON RANCH CO [ TRC ]

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)
10/20/2026

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
Tejon Ranch Co. Common Stock	10/20/2026		A		1,021	A	$16.22	37,388(1)	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. Mr. Dakos disclaims beneficial ownership of 25,000 Common TRC shares, except to the extent of any pecuniary interest - Beneficial Ownership through a Limited Partnership.

	/s/ Andrew Dakos	10/20/2026
	** 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)