G. Zachary Gund - 15 Aug 2025 Form 4 Insider Report for KELLANOVA (K)

Role: Director
Signature: /s/ Todd W. Haigh, Attorney-in-fact
Issuer symbol: K
Transactions as of: 15 Aug 2025
Net transactions value: +$26,199
Form type: 4
Filing time: 15 Aug 2025, 16:28:25 UTC
Previous filing: 17 Jun 2025
Next filing: 16 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Gund G Zachary	Director	412 N. WELLS STREET, CHICAGO	/s/ Todd W. Haigh, Attorney-in-fact	15 Aug 2025	0001291206

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	K	Common						31,968	15 Aug 2025	Held in Trust	F1
holding	K	Common						9,200	15 Aug 2025	See footnote**	F2
holding	K	Common						34,296	15 Aug 2025	See footnote*	F3
holding	K	Common						1,409,000	15 Aug 2025	See footnote***	F4

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	Phantom Stock Units	Award	$26,199	+328	+1.5%	$79.92	22,776	15 Aug 2025	Common	328		Direct	F5

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

Explanation of Responses:

Id	Content
F1	Excludes dividends reinvested after January 1, 2025.
F2	**These shares are held in a trust for the benefit of certain members of the reporting person's family. A family member of the reporting person is the trustee. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F3	*These shares are held in a trust for the benefit of the reporting person and certain members of his family. The reporting person is one of several trustees and, in such capacity, may have voting and dispositive power over all such shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F4	***These shares are held in family partnerships, the partners of which include a trust for the benefit of the reporting person. The reporting person serves as a manager of these partnerships and, in such capacity, may have voting and dispositive power over all such shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F5	According to the terms of the Kellanova Deferred Compensation Plan for Non-Employee Directors, final value of phantom stock units is to be determined as of date of reporting person's retirement and paid in stock.