Kaplan Caroline Lux 4

What Happened

• Caroline L. Kaplan, reported as a 10% owner (via the Ann S. Lux 2005 Irrevocable Trust FBO Caroline Lux Kaplan), sold a total of 60,000 shares of MGP Ingredients Inc. (MGPI) in two open-market/private sales.
• On 2026-05-26 she sold 30,000 shares for total proceeds of $534,675 (weighted avg price $17.82). On 2026-05-27 she sold 30,000 shares for total proceeds of $545,373 (weighted avg price $18.18). Combined proceeds were $1,080,048.
• These were sales (not purchases or option exercises), which are often routine portfolio transactions and do not by themselves indicate company performance.

Key Details

• Transaction dates/prices: 2026-05-26 — 30,000 shares @ weighted avg $17.82 (prices ranged $17.715–$18.02 per footnote); 2026-05-27 — 30,000 shares @ weighted avg $18.18 (prices ranged $17.935–$18.395 per footnote).
• Shares owned after transaction: The filing states 470,958 shares remain beneficially owned by the Lux 2005 Caroline Trust and are included in the reporting person’s aggregate indirect ownership; Caroline L. Kaplan may be deemed to hold sole voting and dispositive power over those trust shares (see footnote 3).
• Filing timeliness: Reported on Form 4 filed 2026-05-28 for transactions on 2026-05-26–27 (filed within the standard two-business-day window).
• Footnotes: Weighted-average prices reported; the filer offers to provide per-transaction price breakdowns on request. The filer disclaims beneficial ownership except to the extent of pecuniary interest and notes potential group status under a previously disclosed shareholders agreement.

Context

• This filing reflects sales by a large (10%) shareholder via a trust, not an option exercise or award. Such sales are commonly for diversification or liquidity reasons and should be viewed as ownership reduction rather than a direct commentary on company fundamentals.