Andrews Madhuri A 4

What Happened

Madhuri A. Andrews, a director of Applied Industrial Technologies, disposed of 3,845 shares of Applied common stock on June 18, 2026. The shares were valued at $329.89 per share, resulting in a total transaction value of $1,268,427. The filing reports this as a sale/disposition (code S) tied to an exchange-fund transaction rather than a straight open-market sale.

Key Details

• Transaction date: 2026-06-18; price: $329.89/share; total value: $1,268,427.
• Transaction type: Sale/Disposition (reported as an open market/private sale entry), executed via contribution to an exchange fund.
• Footnote: On Feb 26, 2026 Andrews gave irrevocable consent to contribute these 3,845 shares to an exchange fund; the exchange fund transaction closed and the shares were contributed on 2026-06-18 in accordance with the fund’s offering memorandum.
• Shares owned after the transaction: Not specified in the provided filing.
• Filing date: 2026-06-22 — filed within the SEC’s two-business-day window (timely).

Context

An exchange-fund contribution means the insider transferred her shares in exchange for interests in a pooled fund (not necessarily an immediate open-market sale). Such transactions are often used for diversification or tax planning; they represent a disposition of shares but are structurally different from a straightforward market sale. This report is factual disclosure of the transfer and does not speak to the insider’s view on the company’s prospects.