| Schedule of Fair Value Measurements |
Financial assets and liabilities measured at fair value on a recurring basis are as follows. There are currently no items categorized as Level 2 or 3 within the fair value hierarchy. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at December 31, 2025, Using | | | | | Quoted Prices in Active Markets for Identical Instruments (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs
(Level 3) | | Balance at
December 31, 2025 | | Assets: | | | | | | | | | | Applied Industrial Technologies, Inc. Stock Fund | | | | | | | | | | Common Stock | | $ | 160,889,571 | | | $ | — | | | $ | — | | | $ | 160,889,571 | | | Mutual Funds | | 703,815,938 | | | — | | | — | | | 703,815,938 | | Total | | $ | 864,705,509 | | | $ | — | | | $ | — | | | $ | 864,705,509 | | | | | | | | | | | Investments measured at NAV(a): | | | | | | | | | | Common/collective trust funds: Stable value | | 62,172,358 | | | — | | | — | | | 62,172,358 | | | | | | | | | | | Total investments at fair value | | $ | 926,877,867 | | | $ | — | | | $ | — | | | $ | 926,877,867 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fair Value Measurements at December 31, 2024, Using | | | | | Quoted Prices in Active Markets for Identical Instruments (Level 1) | | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs
(Level 3) | | Balance at
December 31, 2024 | | Assets: | | | | | | | | | | Applied Industrial Technologies, Inc. Stock Fund | | | | | | | | | | Common Stock | | $ | 178,077,834 | | | $ | — | | | $ | — | | | $ | 178,077,834 | | | Mutual Funds | | 606,142,059 | | | — | | | — | | | 606,142,059 | | Total | | $ | 784,219,893 | | | $ | — | | | $ | — | | | $ | 784,219,893 | | | | | | | | | | | Investments measured at NAV(a): | | | | | | | | | | Common/collective trust funds: Stable value | | 64,119,535 | | | — | | | — | | | 64,119,535 | | | | | | | | | | | Total investments at fair value | | $ | 848,339,428 | | | $ | — | | | $ | — | | | $ | 848,339,428 | |
(a)Plan investments measured at net asset value per share (or its equivalent) as a practical expedient to fair value have not been classified in the fair value hierarchy. These amounts are being presented in the tables above to permit reconciliation of the fair value hierarchy to the amounts presented in the Statement of Net Assets Available for Benefits.
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