NICOLAS AMAYA - 11 Dec 2025 Form 4 Insider Report for KELLANOVA (K)

Signature
/s/ Todd W. Haigh, Attorney-in-fact
Issuer symbol
K
Transactions as of
11 Dec 2025
Net transactions value
-$11,655,713
Form type
4
Filing time
11 Dec 2025, 18:31:05 UTC
Previous filing
25 Feb 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
AMAYA NICOLAS Senior Vice President 412 N. WELLS ST., CHICAGO /s/ Todd W. Haigh, Attorney-in-fact 11 Dec 2025 0001794792

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction K Common Disposed to Issuer $3,643,135 -43,630 -100% $83.50 0 11 Dec 2025 Direct F1
transaction K Common Disposed to Issuer $46,355 -555 -100% $83.50 0 11 Dec 2025 By 401(k) Profit Sharing Plan F1, F2

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 K Restricted Stock Units Disposed to Issuer $354,601 -4,247 -100% $83.50 0 11 Dec 2025 Common 4,247 Direct F3
transaction K Restricted Stock Units Disposed to Issuer $716,720 -8,583 -100% $83.50 0 11 Dec 2025 Common 8,583 Direct F3
transaction K Restricted Stock Units Disposed to Issuer $1,857,835 -22,250 -100% $83.50 0 11 Dec 2025 Common 22,250 Direct F4
transaction K Performance-based Restricted Stock Units Award $0 +36,268 $0.000000 36,268 11 Dec 2025 Common 36,268 Direct F5
transaction K Performance-based Restricted Stock Units Disposed to Issuer $3,028,378 -36,268 -100% $83.50 0 11 Dec 2025 Common 36,268 Direct F5
transaction K Stock Option Disposed to Issuer $101,954 -6,105 -100% $16.70 0 11 Dec 2025 Common 6,105 $66.80 Direct F6
transaction K Stock Option Disposed to Issuer $126,863 -6,670 -100% $19.02 0 11 Dec 2025 Common 6,670 $64.48 Direct F6
transaction K Stock Option Disposed to Issuer $174,143 -7,959 -100% $21.88 0 11 Dec 2025 Common 7,959 $61.62 Direct F6
transaction K Stock Option Disposed to Issuer $414,368 -12,436 -100% $33.32 0 11 Dec 2025 Common 12,436 $50.18 Direct F6
transaction K Stock Option Disposed to Issuer $454,765 -17,806 -100% $25.54 0 11 Dec 2025 Common 17,806 $57.96 Direct F6
transaction K Stock Option Disposed to Issuer $736,595 -22,826 -100% $32.27 0 11 Dec 2025 Common 22,826 $51.23 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

NICOLAS AMAYA 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 August 13, 2024, by and among the Issuer, Acquiror 10VB8, LLC ("Acquiror"), Merger Sub 10VB8, LLC ("Merger Sub"), and solely for the limited purposes set forth therein, Mars, Incorporated, Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Acquiror (the "Merger"). 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 the Issuer's common stock, par value $0.25 per share ("Common Stock"), that was issued and outstanding immediately prior to the Effective Time was automatically cancelled and converted into the right to receive $83.50 per share in cash, without interest and subject to any applicable withholding taxes (the "Merger Consideration").
F2 Represents shares of Common Stock indirectly held by the Reporting Person's account in the Kellanova Savings and Investment Plan immediately prior to the Effective Time.
F3 Upon the terms and subject to the conditions set forth in the Merger Agreement, at the Effective Time, these restricted stock units ("RSUs") were cancelled and converted into the right to receive an amount in cash, without interest, equal to the sum of the product of the number of shares of Common Stock issuable pursuant to such RSUs and the per share Merger Consideration, plus all dividend equivalents accrued or credited with respect to such RSUs.
F4 Upon the terms and subject to the conditions set forth in the Merger Agreement, at the Effective Time, these RSUs were cancelled and converted into the contractual right of the Reporting Person to receive a payment in an amount of cash (without interest and subject to applicable tax withholdings) equal to the sum of the per share Merger Consideration multiplied by the total number of shares of Common Stock issuable pursuant to such RSUs as of immediately prior to the Effective Time plus all dividend equivalents accrued or credited with respect to such RSUs (each, a "Converted RSU Cash Award"). Each Converted RSU Cash Retention Award will generally be subject to the same terms and conditions as applied to such RSUs immediately prior to the Effective Time and will become payable in accordance with the original vesting schedule applicable to the corresponding RSUs 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") outstanding immediately prior to the Effective Time was deemed fully vested, based on the greater of target or actual level of performance, and was cancelled and converted into the right of the Reporting Person to receive an amount, in cash, without interest, equal to the sum of the product of such number of shares of Common Stock issuable pursuant to the PSU (based on the level of vesting described above) and the per share Merger Consideration, plus all dividend equivalents accrued or credited with respect to such PSU, subject to tax withholding.
F6 Upon the terms and subject to the conditions set forth in the Merger Agreement, at the Effective Time, each option to purchase a share of Common Stock (an "Option") that was outstanding and unexercised as of immediately prior to the Effective Time was converted into the right of the Reporting Person to receive an amount, in cash, without interest, equal to the product of the total number of shares subject to such Option and the excess, if any, of the per share Merger Consideration over the exercise price per share of Common Stock underlying the Option.