Emmanuel N. Ayuk - 01 Oct 2025 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role: EVP, GC & Corp Secretary
Signature: Emmanuel N. Ayuk, by Melissa Trippel, Limited Power of Attorney
Issuer symbol: ANDE
Transactions as of: 01 Oct 2025
Net transactions value: $0
Form type: 4
Filing time: 02 Oct 2025, 11:01:21 UTC
Previous filing: 12 Sep 2025
Next filing: 04 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ayuk Emmanuel N	EVP, GC & Corp Secretary	1947 BRIARFIELD BLVD, MAUMEE	Emmanuel N. Ayuk, by Melissa Trippel, Limited Power of Attorney	02 Oct 2025	0002085827

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ANDE	Common Stock						0	01 Oct 2025	Direct

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 (2028)	Award		+12,513			12,513	01 Oct 2025	Common Stock	12,513		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock.
F2	Restricted share units were granted on October 1, 2025 in connection with Mr. Ayuk's hiring. Restricted share units have a graded vesting schedule over the three-year period from date of grant.