Form 4: Kellanova Director Sells Shares Post-Merger

Kellanova director J Michael Schlotman reported the disposal of common stock at $83.50 per share following the company's merger into a wholly-owned subsidiary.

Summary

• Director J Michael Schlotman reported the disposal of Kellanova common stock.
• The transaction occurred on December 11, 2025, pursuant to a Rule 10b5-1(c) plan.
• The disposal was a result of Kellanova's merger into a wholly-owned subsidiary of Acquiror 10VB8, LLC.
• Each share of common stock was automatically cancelled and converted into the right to receive $83.50 in cash.
• Schlotman disposed of 500 shares directly owned and 14,089.652 shares indirectly held in trust.
• The indirectly held shares included those acquired under the Company's Dividend Reinvestment Plan in 2025.

Sentiment

Score: 7

Explanation: The filing reports the successful completion of a merger for the reporting person's shares at a fixed cash price, which is a positive and expected outcome for shareholders involved in an acquisition.

Positives

• The reporting person received a cash payout of $83.50 per share for all common stock holdings.
• The transaction was executed as part of a pre-arranged Rule 10b5-1(c) plan, indicating planned liquidity.

Negatives

• The reporting person no longer holds direct or indirect beneficial ownership in Kellanova common stock following the merger.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders of Kellanova received $83.50 per share in cash for their common stock holdings as a result of the merger.

Key Dates

Keywords

Kellanova, K, Form 4, Insider Trading, Merger, Acquisition, Stock Disposal, J Michael Schlotman, Director, Rule 10b5-1