Form 4 for ANDE Andersons, Inc.

Accepted 2025-10-23 00:00:00 ET · period of report 2025-10-21 · accession 0001861492-25-000003 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2025-10-23	2025-10-21	ANDE	Douglas Gary A.	Dir	J - Other	$46.41	+37.54	8,973	+0.4%	+$1,742
DM	2025-10-23	2025-10-22	ANDE	Douglas Gary A.	Dir	A - Grant	$0.00	+208.76	3,205	+7%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2025-10-21	J	A	37.54	$46.41	8,972.62	D	—	—
2	Derivative	RESTRICTED SHARE UNIT (2025)	2025-10-22	A	A	78.15	$0.00	2,348.15	D	— · — to —	78.15 Common Stock	(F2) Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock. These additional restricted share units represent dividends earned on the awards from vesting date through October 2025. (F4) Restricted share units were granted on May 9, 2024 as part of the Issuer's annual equity grant. Restricted share units vested one year from the date of grant. Mr. Douglas has deferred distribution of these RSUs until his retirement date.
3	Derivative	RESTRICTED SHARE UNIT (2024)	2025-10-22	A	A	130.61	$0.00	3,204.61	D	— · — to —	130.61 Common Stock	(F2) Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock. These additional restricted share units represent dividends earned on the awards from vesting date through October 2025. (F3) Restricted share units were granted on May 5, 2023 as part of the Issuer's annual equity grant. Restricted share units vested one year from the date of grant. Mr. Douglas has deferred distribution of these RSUs until his retirement date.