Douglas Gary A. 4

What Happened Gary A. Douglas, a director of Andersons, Inc. (ANDE), acquired 29.99 shares on January 23, 2026 pursuant to a dividend reinvestment. The shares were acquired at $61.25 each for a total value of about $1,837. This was an acquisition via dividend reinvestment (routine purchase), not an open-market buy.

Key Details

• Transaction date and price: 2026-01-23; 29.99 shares at $61.25 per share (total ≈ $1,837).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 indicates this was a reinvestment of dividends (DRIP).
• Filing timeliness: Form filed 2026-01-27; no late filing flag indicated.

Context Dividend reinvestments are routine actions that convert cash dividends into additional company shares and are generally considered administrative rather than a direct signal of insider sentiment. This was a small-dollar acquisition by a director (not a 10% owner), and should be viewed as a standard dividend reinvestment rather than a strategic purchase.