Form 4: Kellogg W K Foundation Trust Sells 114,583 Shares of Kellanova (K)
SEC Form 4
The W.K. Kellogg Foundation Trust sold 114,583 shares of Kellanova (K) at a price of $80.6548 per share on September 16, 2024, according to a Form 4 filing.
Summary
- On September 16, 2024, the W.K. Kellogg Foundation Trust sold 114,583 shares of Kellanova (K) common stock.
- The sale price was $80.6548 per share.
- Following the transaction, the Trust beneficially owns 50,368,272 shares of Kellanova.
- The sales were made pursuant to trading instructions given on May 7, 2024, intended to comply with Rule 10b5-1(c) under the Securities and Exchange Act of 1934.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of a share sale by a major shareholder. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell shares. This filing indicates a transaction by a major shareholder of Kellanova.
Key Dates
| Date | Description |
|---|---|
| August 30, 2017 | Date of Power of Attorney granted to Craig R. Carberry. |
| May 7, 2024 | Date the trading instructions were given by the W.K. Kellogg Foundation Trust. |
| September 16, 2024 | Date of the transaction (sale of shares). |
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