4/A: Kimball Electronics Officer Corrects Share Ownership Filing

Kimball Electronics' Chief Accounting Officer amended a Form 4 to correct a minor error in shares withheld for taxes and total beneficial ownership.

Summary

• This filing is an amendment (Form 4/A) to a previously filed Form 4 for Adam M. Baumann, the Chief Accounting Officer of Kimball Electronics, Inc. (KE).
• The amendment's sole purpose is to correct the number of shares withheld to satisfy tax obligations, reducing the reported amount from 1,767 to 1,766 shares, as the original filing overstated this by 1 share.
• Consequently, the number of shares beneficially owned by Mr. Baumann following the transaction is corrected from 7,527 to 7,528 shares.
• The original transaction date was August 27, 2025, and the original Form 4 was filed on August 29, 2025.
• The shares were disposed of at a price of $27.97 per share.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While an initial error occurred, it was minor and promptly corrected, indicating good governance and transparency. The correction itself is a positive for data accuracy and regulatory compliance.

Positives

• The company and its officer are demonstrating a commitment to accurate regulatory reporting by promptly correcting a minor error.
• The correction results in a slightly higher reported beneficial ownership for the Chief Accounting Officer.

Negatives

• An initial minor error in the original Form 4 filing necessitated this amendment.

Risks

• No specific new risks are introduced or highlighted in this amendment beyond the inherent risk of human error in financial reporting.

Future Outlook

No forward-looking statements or guidance are provided in this amendment.

Management Comments

• The original Form 4, filed on August 29, 2025, is being amended by this Form 4 amendment solely to correct the number of shares withheld to satisfy tax obligations in the third row of Table I, as the original Form 4 amount reported of 1,767 was overstated by 1 share.
• This Form 4 amendment also corrects the number of share beneficially owned by the Reporting Person following the transaction from 7,527 to 7,528.

Industry Context

This filing is a routine amendment to an insider trading report and does not provide information relevant to broader industry trends or the competitive landscape of Kimball Electronics, Inc.

Corporate Governance

Stakeholder Impact

• Shareholders: The impact is minimal, primarily ensuring the accuracy of publicly available insider ownership data.
• Regulatory Authorities: The amendment demonstrates the company's commitment to regulatory compliance and accurate disclosure.

Next Steps

• Continued compliance with Section 16 reporting obligations for Adam M. Baumann, Chief Accounting Officer of Kimball Electronics, Inc.

Key Dates

Recommendation

This filing is a routine amendment correcting a minor clerical error in an insider ownership report. It does not contain any information that would fundamentally alter the investment thesis for Kimball Electronics, Inc. The correction itself is a positive for regulatory compliance and transparency, but it is not material enough to warrant a change in investment recommendation. Investors should continue to hold based on broader company fundamentals and market conditions.

Keywords

Kimball Electronics, KE, Form 4/A, SEC Filing, Insider Trading, Beneficial Ownership, Chief Accounting Officer, Adam M. Baumann, Stock Transaction, Tax Withholding