Company: SDSYA
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001163609-25-000010
Chunk: 20

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-03-28
Form: 10-K
Item: Item 5
Chunk 20
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Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

As of December 31, 2024 and March 1, 2025, there were 2,226 and 2,229 members of record, respectively, and a total of 30,411,500 Class A capital units issued and outstanding. We did not make any repurchases of Class A units during the fiscal year 2024 and, as of the date of this annual report, we did not have any publicly announced plans or programs with respect to purchases of our units.

Trading Activity

Our capital units are not traded on an exchange or otherwise publicly traded and are subject to significant restrictions on transfer. Most transfers of capital units are conducted through a “qualified matching service” as defined by the publicly-traded partnership rules of the federal tax code. Under the qualified matching service, bids for capital units submitted by interested buyers and sellers are matched on the basis of a strict set of rules and conditions set forth under the federal tax code and by us; plus, all matching and transfers of units are subject to approval by our board of managers. Our qualified matching service is operated through www.AgStockTrade.com, an SEC-registered and regulated Alternative Trading Service which is owned and operated by Variable Investment Advisors, Inc., Tea, South Dakota, a registered broker-dealer with the SEC, FINRA, and various states. The following table contains historical information by quarter for the past two years regarding the matching of capital units through the qualified matching service:

QuarterLow Price(1)High Price(1)AveragePrice# ofCapitalUnits MatchedFirst Quarter 2023$8.51 $9.00 $8.70 50,750 Second Quarter 2023$8.99 $10.75 $9.84 28,250 

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QuarterLow Price(1)High Price(1)AveragePrice# ofCapitalUnits MatchedThird Quarter 2023$9.00 $10.00 $9.72 40,500 Fourth Quarter 2023$8.90 $9.12 $9.00 37,250 First Quarter 2024$8.77 $9.50 $9.08 67,500 Second Quarter 2024$9.19 $9.30 $9.25 103,000 Third Quarter 2024$9.00