Mandar Ranade - 30 Jun 2025 Form 4 Insider Report for KEWAUNEE SCIENTIFIC CORP /DE/ (KEQU)

Role
VP-Information Technology
Signature
/s/ Donald T. Gardner III, Attorney-in-fact
Issuer symbol
KEQU
Transactions as of
30 Jun 2025
Transactions value $
-$75,725
Form type
4
Filing time
02 Jul 2025, 16:10:49 UTC
Previous filing
27 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Ranade Mandar VP-Information Technology 2700 WEST FRONT STREET, STATESVILLE /s/ Donald T. Gardner III, Attorney-in-fact 02 Jul 2025 0001795887

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KEQU Common Stock Options Exercise $0 +2.97K +26.97% $0.00 14K 30 Jun 2025 Direct F1
transaction KEQU Common Stock Tax liability -$75.7K -1.3K -9.3% $58.34 12.7K 01 Jul 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 KEQU Restricted Stock Units FY23 Options Exercise $0 -1.91K -100% $0.00 0 30 Jun 2025 Common Stock 1.91K Direct F1, F2
transaction KEQU Restricted Stock Units FY24 Options Exercise $0 -518 -11.11% $0.00 4.15K 30 Jun 2025 Common Stock 518 Direct F1, F3
transaction KEQU Restricted Stock Units FY25 Options Exercise $0 -536 -13.34% $0.00 3.48K 30 Jun 2025 Common Stock 536 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert to common stock on a one-for-one basis.
F2 On June 29, 2022, the reporting person was granted restricted stock units that vest as follows: (a) 100% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning on June 30, 2023, subject to the reporting person's continued employment with the Company.
F3 On June 28, 2023, the reporting person was granted restricted stock units that vest as follows: (a) 30% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning on June 30, 2024, subject to the reporting person's continued employment with the Company, and (b) 70% of the number of restricted stock units subject to the award consist of performance-based restricted stock units that vest only if performance goals are achieved over a three-year period. The actual number of units (if any) received under this award will depend on continued employment and actual performance over the three-year performance period.
F4 On June 28, 2024, the reporting person was granted restricted stock units that vest as follows: (a) 40% of the number of restricted stock units subject to the award consist of service-based restricted stock units that vest in three equal annual installments beginning on June 30, 2025, subject to the reporting person's continued employment with the Company, and (b) 60% of the number of restricted stock units subject to the award consist of performance-based restricted stock units that vest only if performance goals are achieved over a three-year period. The actual number of units (if any) received under this award will depend on continued employment and actual performance over the three-year performance period.