Karen Seaberg - Mar 17, 2023 Form 4 Insider Report for MGP INGREDIENTS INC (MGPI)

Role: Director, 10%+ Owner
Signature: /s/Allison Hardy, Attorney-in-Fact for Karen Seaberg
Stock symbol: MGPI
Transactions as of: Mar 17, 2023
Transactions value $: -$499,950
Form type: 4
Date filed: 3/21/2023, 10:14 AM
Previous filing: Mar 17, 2023
Next filing: Apr 6, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MGPI	Common Stock	Sale	-$500K	-5.42K	-3.22%	$92.33	163K	Mar 17, 2023	By trust	F1, F2
holding	MGPI	Common Stock						2.27M	Mar 17, 2023	By Cray MGP Holdings LP
holding	MGPI	Common Stock						88.3K	Mar 17, 2023	By IRA
holding	MGPI	Common Stock						55.9K	Mar 17, 2023	By GST trust for LM
holding	MGPI	Common Stock						399K	Mar 17, 2023	By Seaberg MGP Holdings
holding	MGPI	Common Stock						62.4K	Mar 17, 2023	By GST trust for MH

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id	Content
F1	Transaction was made pursuant to a written plan dated March 14, 2023 pursuant to Rule 10b5-1(c) under the Securities Exchange Act of 1934.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.105 to $92.56, inclusive. The reporting person undertakes to provide to MGP Ingredients, Inc., any security holder of MGP Ingredients, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2.

Content

Transaction was made pursuant to a written plan dated March 14, 2023 pursuant to Rule 10b5-1(c) under the Securities Exchange Act of 1934.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $92.105 to $92.56, inclusive. The reporting person undertakes to provide to MGP Ingredients, Inc., any security holder of MGP Ingredients, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote 2.