Woodward, Inc.

During the three months ended March 31, 2025, three officers of the Company entered into trading plans pursuant to Rule 10b5-1 of the Exchange Act intended to satisfy the affirmative defense of Rule 10b5-1(c) of the Exchange Act (each such trading plan, a "Plan").

On February 10, 2025, Charles Blankenship, Jr., Chairman and Chief Executive Officer, entered into a Plan that provides for the exercise of up to 49,072 non-qualified stock options and sale of the net shares of common stock of the Company received upon exercise, and the sale of up to an additional 8,378 shares of common stock of the Company. Mr. Blankenship's Plan terminates on November 24, 2025.

On February 27, 2025, Randall Hobbs, Executive Vice President and President, Industrial, entered into a Plan that provides for the sale of up to 1,846 shares of common stock of the Company. Mr. Hobbs' Plan terminates on December 31, 2025.

On March 4, 2025, Terence Voskuil, Executive Vice President and President, Aerospace, entered into a Plan that provides for the exercise of up to 24,600 non-qualified stock options and sale of the net shares of common stock of the Company received upon exercise. Mr. Voskuil's Plan terminates on February 3, 2026.

During the three months ended March 31, 2025, no other directors or officers, as defined in Rule 16a-1(f), adopted orterminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” each as defined in Regulation S-K Item 408.