Gary H. Pilnick - Nov 13, 2023 Form 4 Insider Report for WK Kellogg Co (KLG)

Role
Chief Executive Officer, Director
Signature
/s/ Gordon Paulson, Attorney-in-Fact
Stock symbol
KLG
Transactions as of
Nov 13, 2023
Transactions value $
$999,094
Form type
4
Date filed
11/15/2023, 06:00 PM
Previous filing
Oct 4, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KLG Common Stock Purchase $999K +93.5K +4814.62% $10.69 95.4K Nov 13, 2023 Held in Trust for Self F1
holding KLG Common Stock 3.92K Nov 13, 2023 Direct F2
holding KLG Common Stock 74 Nov 13, 2023 By 401(k) Plan
holding KLG Common Stock 318 Nov 13, 2023 Held in Trust by Spouse
holding KLG Common Stock 12.9K Nov 13, 2023 Held in Trusts by Spouse and Children

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 Award $0 +372K $0.00 372K Nov 13, 2023 Common Stock 372K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple open market transactions at prices ranging from $10.3354 to $10.84 per share, inclusive. The Reporting Person has provided to the Issuer, and undertakes to provide to any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
F2 The shares of the Issuer's common stock reported as directly owned by the Reporting Person in Column 5 reflects a correction to the Reporting Person's Form 4 filed on October 4, 2023, which inadvertently included 1,942 shares indirectly held by the Reporting Person within the number of shares directly held by the Reporting Person on such Form.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F4 The RSUs were granted to the Reporting Person under the WK Kellogg Co 2023 Long-Term Incentive Plan. The RSUs fully vest on November 13, 2026, which is the third anniversary of the grant date, subject to the Reporting Person's continued employment with the Issuer through such date.