Matthew P. Spessard - Aug 5, 2025 Form 4 Insider Report for Wendy's Co (WEN)

Role: Chief Information Officer
Signature: /s/ Mark L. Johnson, Attorney-in-Fact
Stock symbol: WEN
Transactions as of: Aug 5, 2025
Transactions value $: -$3,204
Form type: 4
Date filed: 8/7/2025, 05:17 PM
Previous filing: Jun 18, 2025
Next filing: Aug 13, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Spessard Matthew P	Chief Information Officer	C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBIN	/s/ Mark L. Johnson, Attorney-in-Fact	2025-08-07	0002014323

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WEN	Common Stock	Options Exercise	$0	+1.11K	+16.74%	$0.00	7.71K	Aug 5, 2025	Direct	F1
transaction	WEN	Common Stock	Tax liability	-$3.2K	-322	-4.17%	$9.95	7.39K	Aug 5, 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WEN	Restricted Stock Units	Options Exercise	$0	-1.11K	-7.56%	$0.00	13.5K	Aug 5, 2025	Common Stock	1.11K		Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F2	With tandem dividend equivalent rights and tax withholding rights.
F3	Includes 59 dividend equivalent units that had accrued on the restricted stock units.
F4	The restricted stock units were granted on August 5, 2024 and vest in three equal installments on the first, second and third anniversaries of the grant date, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. The first installment (including the related dividend equivalent units) vested on August 5, 2025.