GERARD M. ANDERSON - 09 May 2024 Form 4 Insider Report for Andersons, Inc. (ANDE)

Role: Director
Signature: Gerard M. Anderson, by Melissa Trippel, Limited Power of Attorney
Issuer symbol: ANDE
Transactions as of: 09 May 2024
Net transactions value: $0
Form type: 4
Filing time: 13 May 2024, 16:41:15 UTC
Previous filing: 29 Apr 2024
Next filing: 12 May 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANDE	Common Stock	Options Exercise	$0	+3,074	+8.8%	$0.000000	38,175	09 May 2024	Direct
transaction	ANDE	Common Stock	Award	$0	+45	+0.12%	$0.000000	38,220	09 May 2024	Direct	F1
holding	ANDE	Common Stock						316,497	09 May 2024	The Anderson Irrevocable Trust

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 (2025)	Award		+2,270			2,270	09 May 2024	Common Stock	2,270		Direct	F2, F3
transaction	ANDE	RESTRICTED SHARE UNIT (2024)	Options Exercise		-3,074	-100%		0	09 May 2024	Common Stock	3,074		Direct	F4, F5

* 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 9, 2024 as part of the Issuer's annual equity grant. Restricted share units vest one year from the date of grant.
F4	Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock.
F5	Restricted share units were granted on May 5, 2023 as part of the Issuer's annual equity grant. Restricted share units vest one year from the date of grant