Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * RANKIN ALFRED M ET AL 2. Issuer Name and Ticker or Trading Symbol NACCO INDUSTRIES INC [NC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) __X__ Other (specify below) Chairman / Group Member (Last) (First) (Middle) NACCO INDUSTRIES, INC., 22901 MILLCREEK BLVD., SUITE 600 3. Date of Earliest Transaction (Month/Day/Year) 10/01/2025 (Street) CLEVELAND, OH 44122 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 10/01/2025 A(1) 1,232 A (2) 214,953 I AMR Main Trust(A)(3) Class A Common Stock 14,160 I AMR - IRA(4) Class A Common Stock 1,975 I AMR - RMI (Delaware)(5) Class A Common Stock 2,044 I AMR Associates NC, L.P.(6) Class A Common Stock 10,110 I BTR - Class A Trust Class A Common Stock 34,936 I VGR - Trust(7)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Class B Common Stock

(2)

(2)

(2)

Class A Common Stock

2,000

2,000

I

AMR-RAI/B(8)

Class B Common Stock

(2)

(2)

(2)

Class A Common Stock

201,928

201,928

I

AMR Associates NC, L.P.(6)

Class B Common Stock

(2)

(2)

(2)

Class A Common Stock

25

25

I

AMR RAIV - GP

Class B Common Stock

(2)

(2)

(2)

Class A Common Stock

9,431

9,431

I

By Trust/Daughter 2(9)

Class B Common Stock

(2)

(2)

(2)

Class A Common Stock

9,431

9,431

I

By Trust/Daughter 1(10)

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
RANKIN ALFRED M ET AL NACCO INDUSTRIES, INC. 22901 MILLCREEK BLVD., SUITE 600 CLEVELAND, OH 44122	X		Chairman	Group Member

Signatures

/s/ Matthew J. Dilluvio, attorney-in-fact		10/02/2025
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Shares of Class A Common Stock awarded to the Reporting Person as "Required Shares" under the company's Non-Employee Directors' Equity Compensation Plan.
(2)	N/A
(3)	Reporting Person serves as Trustee of a Trust for the benefit of Alfred M. Rankin, Jr.
(4)	Held in an Individual Retirement Account for the benefit of the Reporting Person.
(5)	Represents the Reporting Person's proportionate limited partnership interest in shares of Rankin Associates II, L.P. held by Rankin Management, Inc. ("RMI"), as general partner.
(6)	Represents the Reporting Person's proportionate limited partnership interest in shares held by AMR NC. The Reporting Person is the trustee of a trust for the benefit of the Reporting Person that is a limited partner of AMR NC.
(7)	Reporting Person serves as Trustee of a Trust for the benefit of Victoire G. Rankin. Reporting Person disclaims beneficial ownership of all such shares.
(8)	Represents the proportionate limited partnership interest in shares held by Rankin Associates I, L.P., which is held in a qualified annuity interest trust for the benefit of Reporting Person.
(9)	Reporting person serves as trustee of BTR 2012 GST for the benefit of Clara Williams.
(10)	Reporting person serves as trustee of BTR 2012 GST Trust for the benefit of Helen R. Butler.

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