Kurt A. Kane - Jun 8, 2021 Form 4 Insider Report for Wendy's Co (WEN)

Role
Pres US & Chf Commercial Ofc
Signature
/s/ Michael G. Berner, Attorney-in-Fact
Stock symbol
WEN
Transactions as of
Jun 8, 2021
Transactions value $
-$2,721,443
Form type
4
Date filed
6/10/2021, 05:08 PM
Next filing
Jun 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEN Common Stock Options Exercise $1.52M +154K +150.64% $9.86 256K Jun 8, 2021 Direct
transaction WEN Common Stock Sale -$4.24M -154K -60.1% $27.54 102K Jun 8, 2021 Direct F1

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 WEN Employee Stock Option (Right to Buy) Options Exercise $0 -154K -100% $0.00* 0 Jun 8, 2021 Common Stock 154K $9.86 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.50 to $27.58 per share, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 With tandem net exercise and tax withholding rights.
F3 The option vested in three equal installments on August 7, 2016, 2017 and 2018, and is currently exercisable as to all 153,886 shares.