Neil A. Schrimsher - 14 Dec 2023 Form 4 Insider Report for APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)

Role: President and CEO, Director
Signature: /s/Patricia A. Comai POA for Neil A. Schrimsher
Issuer symbol: AIT
Transactions as of: 14 Dec 2023
Net transactions value: -$15,911,250
Form type: 4
Filing time: 18 Dec 2023, 16:47:01 UTC
Previous filing: 13 Sep 2023
Next filing: 13 Aug 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIT	Common Stock	Sale	$15,911,250	-93,750	-32%	$169.72	198,557	14 Dec 2023	Direct	F1
holding	AIT	Common Stock						440	14 Dec 2023	Retirement Savings Plan

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On November 2, 2023, the reporting person provided his irrevocable consent to contribute at a later date 93,750 shares of Applied common stock to an exchange fund in exchange for shares of the exchange fund. The exchange fund transaction closed on December 14, 2023, Applied common stock was valued at $169.72 per share, and the reporting person's shares were contributed on that date consistent with the exchange fund's offering memorandum.

Content

On November 2, 2023, the reporting person provided his irrevocable consent to contribute at a later date 93,750 shares of Applied common stock to an exchange fund in exchange for shares of the exchange fund. The exchange fund transaction closed on December 14, 2023, Applied common stock was valued at $169.72 per share, and the reporting person's shares were contributed on that date consistent with the exchange fund's offering memorandum.