Steven K. Campbell - May 8, 2025 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role: Director
Signature: Steven K. Campbell, by Melissa Trippel, Limited Power of Attorney
Stock symbol: ANDE
Transactions as of: May 8, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/12/2025, 02:17 PM
Previous filing: May 13, 2024
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Campbell Steven K.	Director	1947 BRIARFIELD BLVD., MAUMEE	Steven K. Campbell, by Melissa Trippel, Limited Power of Attorney	2025-05-12	0001955764

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANDE	Common Stock	Options Exercise	$0	+2.27K	+49.5%	$0.00	6.86K	May 9, 2025	Direct
transaction	ANDE	Common Stock	Award	$0	+45.8	+0.67%	$0.00	6.9K	May 9, 2025	Direct	F1

Showing 1 to 2 of 2 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ANDE	RESTRICTED SHARE UNIT (2026)	Award		+3.38K			3.38K	May 8, 2025	Common Stock	3.38K		Direct	F2, F3
transaction	ANDE	RESTRICTED SHARE UNIT (2025)	Options Exercise		-2.27K	-100%		0	May 9, 2025	Common Stock	2.27K		Direct	F2, F4

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

Explanation of Responses:

Id	Content
F1	Shares in lieu of cash dividend.
F2	Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock.
F3	Restricted share units were granted on May 8, 2025 as part of the Issuer's annual equity grant. Restricted share units vest one year from the date of grant.
F4	Restricted share units were granted on May 9, 2024 as part of the Issuer's annual equity grant. Restricted share units vest one year from the date of grant.