Jana Partners Llc - 06 May 2021 Form 4 Insider Report for CONAGRA BRANDS INC. (CAG)

Role
Director, Other*
Signature
/s/ JANA Partners LLC, by Jennifer Fanjiang, Chief Legal Officer and Chief Compliance Officer
Issuer symbol
CAG
Transactions as of
06 May 2021
Transactions value $
-$105,725,673
Form type
4
Date filed
07 May 2021, 21:00
Next filing
03 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAG Common Stock Sale -$106M -2.81M -25.89% $37.60 8.05M 06 May 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 33 shares of common stock that Scott Ostfeld ("Mr. Ostfeld") received through dividend equivalent reinvestment since the date of the last Form 4 of JANA Partners LLC ("JANA"). Mr. Ostfeld, a partner of JANA who currently serves on the board of directors of the Issuer, has assigned all compensation he will receive as a director of the Issuer to JANA, and such compensation has been, or will be, transferred directly to JANA.
F2 JANA is a private money management firm which beneficially owns the securities reported herein through various accounts under its management and control. Barry Rosenstein is the Managing Partner of JANA. JANA and Barry Rosenstein disclaim any beneficial ownership of any of the Issuer's securities reported herein except to the extent of their pecuniary interest therein.

Remarks:

JANA may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934 by virtue of the fact that Mr. Ostfeld currently serves on the board of directors of the Issuer.