13D Filings
Green Plains Inc.
GPRE
Amendment
Ownership

8.70%

Total Shares

5,844,715

Issuer CIK

1309402

CUSIP

393222104

Event Date

May 6, 2025

Accepted

May 9, 2025, 08:01 PM

Reporting Persons (13)
Joint Filing

This is a joint filing. The reported shares may overlap between reporting persons and should not be summed.

NameType% of ClassAggregateSole VotingShared Voting
Ancora Alternatives LLC
Investment Adviser
8.70%5,834,04005,834,040
Ancora Holdings Group, LLC
CO
8.70%5,840,71505,840,715
DiSanto Frederick D.
Individual
8.70%5,844,7154,0005,840,715
ANCORA MERLIN INSTITUTIONAL, LP
Partnership
1.70%1,115,53701,115,537
Ancora Catalyst Institutional, LP
Partnership
1.60%1,100,84301,100,843
Ancora Impact Fund SPC Ltd. - Segregated Portfolio H
CO
1.50%1,021,66001,021,660
Ancora Impact Fund LP - Series S
Partnership
1.20%822,5630822,563
Ancora Bellator Fund, LP
Partnership
1.10%706,2420706,242
Ancora Impact Fund LP - Series Q
Partnership
0.00%400,9040400,904
Inverness Holdings LLC
CO
0.00%6,67506,675
Ancora Merlin, LP
Partnership
0.00%63,961063,961
ANCORA FAMILY WEALTH ADVISORS, LLC
Investment Adviser
0.00%6,67506,675
Ancora Catalyst, LP
Partnership
0.00%106,3090106,309
Disclosure Items (5)

Security Title

Common Stock, par value $0.001 per share

Issuer Name

Green Plains Inc.

Issuer Address

1811 AKSARBEN DRIVE, OMAHA, NE, 68106

Item 4 is hereby amended to add the following: On May 7, 2025, Ancora Alternatives and the Issuer entered into a Secured Line of Credit Agreement (the "Credit Agreement"). The Credit Agreement secures a $30 million revolving credit facility, matures on July 30, 2025, bears interest at 10% on borrowings, and has a 0.5% fee on the unused balance. Interest and fees are due on the fifth of each month. Additionally, in connection with the Credit Agreement, the Issuer issued 1,504,140 stock warrants at a strike price of $0.01 per share (the "Warrants") to certain of the Reporting Persons, and such Reporting Persons and the Issuer entered into a Warrant Agreement to Purchase Common Stock (the "Warrant Agreements"). The Warrants are exercisable at the option of the holder at any time prior to May 7, 2035, and entitle the holder to purchase from the Issuer one fully paid and non-assessable Share for a price of $0.01 per Share, subject to adjustments as set forth in the Warrant Agreements. The foregoing descriptions of the Credit Agreement and Warrant Agreements do not purport to be complete and are qualified in their entirety by reference to the full text of the Credit Agreement and Warrant Agreements, which are attached hereto as Exhibits 99.1, 99.2, 99.3, 99.4, 99.5, and 99.6 and are incorporated herein by reference.

Percentage of Class

Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon a denominator that is the sum of: (i) 65,399,452 Shares outstanding as of May 5, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2025 and (ii) the number of Shares underlying the Warrants held by the Reporting Persons, as applicable. As of the date hereof, Ancora Merlin beneficially owned directly 63,961 Shares, constituting 0% of the Shares outstanding. As of the date hereof, Ancora Merlin Institutional beneficially owned directly 1,115,537 Shares, constituting 1.7% of the Shares outstanding. As of the date hereof, Ancora Catalyst beneficially owned directly 106,309 Shares, constituting 0% of the Shares outstanding. As of the date hereof, Ancora Catalyst Institutional beneficially owned directly 1,100,843 Shares, constituting 1.6% of the Shares outstanding. As of the date hereof, Ancora Bellator beneficially owned directly 706,242 Shares, constituting 1.1% of the Shares outstanding. As of the date hereof, Ancora Impact Q beneficially owned directly 400,904 Shares, constituting 0% of the Shares outstanding. As of the date hereof, Ancora Impact S beneficially owned directly 822,563 Shares, constituting approximately 1.2% of the Shares outstanding. As of the date hereof, Ancora SPC H beneficially owned directly 1,021,660 Shares, constituting approximately 1.5% of the Shares outstanding. As of the date hereof, Ancora Alternatives, as the investment advisor to each of the Ancora Funds and the Ancora Alternatives SMAs and the general partner of each of the Ancora LP Funds, may be deemed to beneficially own 5,834,040 Shares, constituting approximately 8.7% of the Shares outstanding and consisting of (i) 63,961 Shares beneficially owned directly by Ancora Merlin, (ii) 1,115,537 Shares beneficially owned directly by Ancora Merlin Institutional, (iii) 106,309 Shares beneficially owned directly by Ancora Catalyst, (iv) 1,100,843 Shares beneficially owned directly by Ancora Catalyst Institutional, (v) 706,242 Shares beneficially owned directly by Ancora Bellator, (vi) 400,904 Shares beneficially owned directly by Ancora Impact Q, (vii) 822,563 Shares beneficially owned directly by Ancora Impact S, (viii) 1,021,660 Shares beneficially owned directly by Ancora SPC H and (ix) 496,021 Shares held in the Ancora Alternatives SMAs. As of the date hereof, Ancora Family Wealth, as the investment advisor to the Ancora Family Wealth SMAs, may be deemed to beneficially own 6,675 Shares, constituting 0% of the Shares outstanding and consisting of 6,675 Shares held in the Ancora Family Wealth SMAs. As of the date hereof, Inverness Holdings, as the sole member of Ancora Family Wealth, may be deemed to beneficially own 6,675 Shares, constituting 0% of the Shares outstanding and consisting of 6,675 Shares held in the Ancora Family Wealth SMAs. As of the date hereof, Ancora Holdings, as the sole member of each of Ancora Alternatives and Inverness Holdings, may be deemed to beneficially own 5,840,715 Shares, constituting approximately 8.7% of the Shares outstanding and consisting of (i) 63,961 Shares beneficially owned directly by Ancora Merlin, (ii) 1,115,537 Shares beneficially owned directly by Ancora Merlin Institutional, (iii) 106,309 Shares beneficially owned directly by Ancora Catalyst, (iv) 1,100,843 Shares beneficially owned directly by Ancora Catalyst Institutional, (v) 706,242 Shares beneficially owned directly by Ancora Bellator, (vi) 400,904 Shares beneficially owned directly by Ancora Impact Q, (vii) 822,563 Shares beneficially owned directly by Ancora Impact S, (viii) 1,021,660 Shares beneficially owned directly by Ancora SPC H (ix) 496,021 Shares held in the Ancora Alternatives SMAs and (x) 6,675 Shares held in the Ancora Family Wealth SMAs. As of the date hereof, Mr. DiSanto beneficially owned directly 4,000 Shares. As the Chairman and Chief Executive Officer of Ancora Holdings, he may be deemed to beneficially own 5,840,715 Shares, constituting approximately 8.7% of the Shares outstanding and consisting of (i) 63,961 Shares beneficially owned directly by Ancora Merlin, (ii) 1,115,537 Shares beneficially owned directly by Ancora Merlin Institutional, (iii) 106,309 Shares beneficially owned directly by Ancora Catalyst, (iv) 1,100,843 Shares beneficially owned directly by Ancora Catalyst Institutional, (v) 706,242 Shares beneficially owned directly by Ancora Bellator, (vi) 400,904 Shares beneficially owned directly by Ancora Impact Q, (vii) 822,563 Shares beneficially owned directly by Ancora Impact S, (viii) 1,021,660 Shares beneficially owned directly by Ancora SPC H (ix) 496,021 Shares held in the Ancora Alternatives SMAs and (x) 6,675 Shares held in the Ancora Family Wealth SMAs. As of the date hereof, the Reporting Persons hold 1,504,140 Warrants, exercisable for an aggregate of 1,504,140 Shares. Each Warrant entitles the holder thereof to acquire, for a nominal exercise price of $0.01, one Share. The Warrants are only exercisable to the extent that the holder, together with its affiliates and any other person or entity acting as a group, would not beneficially own more than 19.8% of the outstanding Shares after giving effect to such exercise, as such percentage ownership is determined in accordance with the terms of the Warrants (the "Beneficial Ownership Limitation"). As of the date hereof, the Beneficial Ownership Limitation does not prohibit the exercise of the Warrants held by the Reporting Persons.

Number of Shares

Item 5(b) is hereby amended and restated to read as follows: (i) Ancora Merlin 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 63,961 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 63,961 (ii) Ancora Merlin Institutional 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,115,537 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,115,537 (iii) Ancora Catalyst 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 106,309 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 106,309 (iv) Ancora Catalyst Institutional 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,100,843 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,100,843 (v) Ancora Bellator 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 706,242 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 706,242 (vi) Ancora Impact Q 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 400,904 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 400,904 (vii) Ancora Impact S 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 822,563 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 822,563 (viii) Ancora SPC H 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 1,021,660 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 1,021,660 (ix) Ancora Alternatives 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 5,834,040 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 5,834,040 (x) Ancora Family Wealth 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 6,675 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 6,675 (xi) Inverness Holdings 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 6,675 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 6,675 (xii) Ancora Holdings 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 5,840,715 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 5,840,715 (xiii) Mr. DiSanto 1. Sole power to vote or direct vote: 4,000 2. Shared power to vote or direct vote: 5,840,715 3. Sole power to dispose or direct the disposition: 4,000 4. Shared power to dispose or direct the disposition: 5,840,715

Item 6 is hereby amended to add the following: On May 7, 2025, Ancora Holdings and the Issuer entered into the Credit Agreement, as defined and described in Item 4 above, which is attached hereto as Exhibit 99.1 and incorporated herein by reference. Certain of the Reporting Persons own certain Warrants, as defined and described in Item 4 and Item 5 above, which are attached hereto as Exhibits 99.2, 99.3, 99.4, 99.5, and 99.6 and are incorporated herein by reference.

Item 7 is hereby amended to add the following exhibits: 99.1 - Secured Line of Credit Agreement dated as of May 7, 2025, by and between Green Plains Inc., Green Plains Central City LLC, and Ancora Alternatives LLC (incorporated by reference to Exhibit 10.11 to the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2025). 99.2 - Warrant Agreement to Purchase Common Stock of Green Plains Inc. dated as of May 7, 2025, by and between Green Plains Inc. and Ancora Catalyst Institutional, LP (incorporated by reference to Exhibit 10.12(A) to the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2025). 99.3 - Warrant Agreement to Purchase Common Stock of Green Plains Inc. dated as of May 7, 2025, by and between Green Plains Inc. and Ancora Catalyst, LP (incorporated by reference to Exhibit 10.12(B) to the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2025). 99.4 - Warrant Agreement to Purchase Common Stock of Green Plains Inc. dated as of May 7, 2025, by and between Green Plains Inc. and Ancora Merlin Institutional, LP (incorporated by reference to Exhibit 10.12(C) to the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2025). 99.5 - Warrant Agreement to Purchase Common Stock of Green Plains Inc. dated as of May 7, 2025, by and between Green Plains Inc. and Ancora Merlin, LP (incorporated by reference to Exhibit 10.12(D) to the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2025). 99.6 - Warrant Agreement to Purchase Common Stock of Green Plains Inc. dated as of May 7, 2025, by and between Green Plains Inc. and Ancora Bellator Fund, LP (incorporated by reference to Exhibit 10.12(E) to the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2025).