Bruce Alan Brown - Sep 26, 2025 Form 4 Insider Report for WK Kellogg Co (KLG)

Signature
/s/Gordon Paulson, Attorney-in-Fact
Stock symbol
KLG
Transactions as of
Sep 26, 2025
Transactions value $
-$4,164,977
Form type
4
Date filed
9/30/2025, 09:47 PM
Previous filing
Sep 16, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Brown Bruce Alan Chief Customer Officer ONE KELLOGG SQUARE, BATTLE CREEK /s/Gordon Paulson, Attorney-in-Fact 2025-09-30 0001992257

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLG Common Stock Purchase $1.02K +47.9 +0.62% $21.36 7.73K Dec 13, 2024 Direct
transaction KLG Common Stock Small acquisition under Rule 16a-6 $1.06K +52.9 +0.68% $20.13 7.79K Mar 14, 2025 Direct
transaction KLG Common Stock Small acquisition under Rule 16a-6 $1.07K +68.2 +0.88% $15.71 7.86K Jun 13, 2025 Direct
transaction KLG Common Stock Small acquisition under Rule 16a-6 $1.08K +47.1 +0.6% $23.00 7.9K Sep 12, 2025 Direct
transaction KLG Common Stock Disposed to Issuer -$272K -11.8K -100% $23.00 0 Sep 26, 2025 Direct F1, F2
transaction KLG Common Stock Disposed to Issuer -$7.84K -341 -100% $23.00 0 Sep 26, 2025 By 401(k) Plan F1, F3

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 KLG Restricted Stock Units Disposed to Issuer -$2.94M -128K -100% $23.00 0 Sep 26, 2025 Common Stock 128K Direct F4
transaction KLG Performance-based Restricted Stock Units Award $0 +33.3K $0.00 33.3K Sep 26, 2025 Common Stock 33.3K Direct F5
transaction KLG Performance-based Restricted Stock Units Disposed to Issuer -$765K -33.3K -100% $23.00 0 Sep 26, 2025 Common Stock 33.3K Direct F5
transaction KLG Dividend Equivalent Units Disposed to Issuer -$187K -8.13K -100% $23.00 0 Sep 26, 2025 Common Stock 8.13K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Bruce Alan Brown is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of July 10, 2025 (the "Merger Agreement"), by and among the Issuer, Ferrero International S.A. ("Parent"), and Frosty Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned indirect subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), upon the terms and subject to the conditions set forth in the Merger Agreement, each share of common stock, par value $0.0001 per share ("Common Stock"), of the Issuer that was issued and outstanding as of immediately prior to the Effective Time was automatically cancelled, extinguished and converted into the right to receive $23.00 per share in cash, without interest thereon (the "Per Share Price").
F2 Includes 3,933 shares of Common Stock acquired by the Reporting Person under the WK Kellogg Co 2023 Employee Stock Purchase Plan.
F3 Represents shares of Common Stock indirectly held by the Reporting Person's account in the WK Kellogg Co Savings and Investment Plan immediately prior to the Effective Time.
F4 Upon the terms and subject to the conditions set forth in the Merger Agreement, at the Effective Time, each restricted stock unit ("RSU"), including all dividend equivalents accrued or credited with respect to such RSU, that was outstanding and unvested as of immediately prior to the Effective Time was automatically cancelled and converted into the contingent right of the Reporting Person to receive an amount in cash (without interest and subject to applicable withholding taxes) (a "Converted RSU Cash Award") equal to (a) the Per Share Price multiplied by (b) the total number of shares of Common Stock subject to such RSU. Each Converted RSU Cash Award will be paid on the applicable vesting date(s) that applied to the corresponding RSU, subject to the Reporting Person's continued employment or service through such date or, if earlier, upon a qualifying termination of employment.
F5 Upon the terms and subject to the conditions set forth in the Merger Agreement, at the Effective Time, each performance-based restricted stock unit ("PSU"), including all dividend equivalents accrued or credited with respect to such PSU, that was outstanding and unvested as of immediately prior to the Effective Time was automatically cancelled and converted into the contingent right of the Reporting Person to receive an amount in cash (without interest and subject to applicable withholding taxes) (a "Converted PSU Cash Award") equal to (a) the Per Share Price multiplied by (b) the total number of shares of Common Stock subject to such PSU determined assuming achievement at 140% of target performance. Each Converted PSU Cash Award will be paid at the end of the applicable performance period that applied to the corresponding PSU, subject to the Reporting Person's continued employment or service through such date or, if earlier, upon a qualifying termination of employment.
F6 The reduction in the total number of dividend equivalent units ("DEUs") reported in the Form 4 filed by the Reporting Person on 12/17/2024 was inadvertently overstated by 356.45 DEUs. Accordingly, the total number of DEUs reported as disposed herein has been increased by 356.45 DEUs to correct the overstatement in such filing.