Tejon Ranch director granted 913 TRC shares

Dakos Andrew reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Dakos Andrew reported acquisition or exercise transactions in this Form 4 filing.

Tejon Ranch Co. director Andrew Dakos received a stock award of 913 shares of Tejon Ranch Co. Common Stock at a price of $18.84 per share. This grant increased his directly held stake to 35,449 shares. He also disclaims beneficial ownership of 25,000 additional shares held through a limited partnership, except for any pecuniary interest.

Insider Trade Summary 10b5-1

Grant/Award: 913 shares

Grant/Award 1 txn

Insider Dakos Andrew

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Tejon Ranch Co. Common Stock	913	$18.84	$17K

Holdings After Transaction: Tejon Ranch Co. Common Stock — 35,449 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 granted: 913 shares Grant price: $18.84 per share Shares held after grant: 35,449 shares +1 more

4 metrics

Shares granted 913 shares Stock award to director Andrew Dakos on 2026-04-07

Grant price $18.84 per share Recorded value for Tejon Ranch Co. Common Stock grant

Shares held after grant 35,449 shares Direct holdings of Andrew Dakos following the transaction

Disclaimed beneficial ownership 25,000 shares Shares held through a limited partnership with disclaimed beneficial ownership

Key Terms

Grant, award, or other acquisition, beneficial ownership, limited partnership

3 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

beneficial ownership financial

"Mr. Dakos 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.

limited partnership financial

"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.

What insider transaction did Tejon Ranch (TRC) director Andrew Dakos report?

Andrew Dakos reported receiving a grant of 913 shares of Tejon Ranch Co. Common Stock. The shares were awarded as a non-derivative stock grant, classified as a “grant, award, or other acquisition,” rather than an open-market purchase or sale.

At what price was the Tejon Ranch (TRC) stock award to Andrew Dakos recorded?

The 913-share stock award to Andrew Dakos was recorded at $18.84 per share. This figure reflects the per-share value used for the grant and helps indicate the notional size of the compensation-related award disclosed in the filing.

How many Tejon Ranch (TRC) shares does Andrew Dakos hold after this grant?

Following the 913-share grant, Andrew Dakos directly holds 35,449 shares of Tejon Ranch Co. Common Stock. This total represents his direct ownership position reported in the filing after the award was added to his existing holdings.

What does Andrew Dakos’ beneficial ownership disclaimer mean for Tejon Ranch (TRC) shares?

Andrew Dakos disclaims beneficial ownership of 25,000 Tejon Ranch shares held through a limited partnership, except for any pecuniary interest. This means those partnership-held shares are associated with him economically, but he does not fully assert personal beneficial ownership.

Was the Tejon Ranch (TRC) transaction a market buy or a compensation grant?

The transaction was a compensation-related grant, not a market buy. It is coded as an “A” transaction, described as a “Grant, award, or other acquisition,” indicating shares were awarded rather than purchased on the open market.

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

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Accepted by SEC EDGAR 04/07/2026 - 07:39 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)
04/07/2026

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	04/07/2026		A		913	A	$18.84	35,449(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	04/07/2026
	** 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)