Suzanne M. Thuerk - 12 Aug 2025 Form 4 Insider Report for Wendy's Co (WEN)

Role: Chief Accounting Officer
Signature: /s/ Mark L. Johnson, Attorney-in-Fact
Issuer symbol: WEN
Transactions as of: 12 Aug 2025
Net transactions value: -$12,233
Form type: 4
Filing time: 14 Aug 2025, 18:12:16 UTC
Previous filing: 13 Aug 2025
Next filing: 18 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Thuerk Suzanne M.	Chief Accounting Officer	C/O THE WENDY'S COMPANY, ONE DAVE THOMAS BLVD., DUBLIN	/s/ Mark L. Johnson, Attorney-in-Fact	14 Aug 2025	0001963800

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WEN	Common Stock	Options Exercise	$0	+4,053	+47%	$0.000000	12,732	12 Aug 2025	Direct	F1
transaction	WEN	Common Stock	Tax liability	$12,233	-1,210	-9.5%	$10.11	11,522	12 Aug 2025	Direct

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	Restricted Stock Units	Options Exercise	$0	-4,053	-17%	$0.000000	20,172	12 Aug 2025	Common Stock	4,053		Direct	F1, F2, F3, F4
transaction	WEN	Employee Stock Option (Right to Buy)	Award	$0	+63,731		$0.000000	63,731	12 Aug 2025	Common Stock	63,731	$10.11	Direct	F5, F6
transaction	WEN	Restricted Stock Units	Award	$0	+5,044	+25%	$0.000000	25,216	12 Aug 2025	Common Stock	5,044		Direct	F1, F2, F7
transaction	WEN	Employee Stock Option (Right to Buy)	Award	$0	+63,731		$0.000000	63,731	12 Aug 2025	Common Stock	63,731	$10.11	Direct	F5, F8
transaction	WEN	Restricted Stock Units	Award	$0	+25,222	+100%	$0.000000	50,438	12 Aug 2025	Common Stock	25,222		Direct	F1, F2, F9

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F2	With tandem dividend equivalent rights and tax withholding rights.
F3	Includes 549 dividend equivalent units that had accrued on the restricted stock units.
F4	The restricted stock units were granted on August 12, 2022 and fully vested (including the related dividend equivalent units) on August 12, 2025.
F5	With tandem net exercise and tax withholding rights.
F6	The option vests in three equal installments on August 12, 2026, 2027 and 2028, subject to Ms. Thuerk's continued employment with the Company on the applicable vesting date.
F7	The restricted stock units will vest in three equal installments on August 12, 2026, 2027 and 2028, subject to Ms. Thuerk's continued employment with the Company on the applicable vesting date.
F8	The option vests in two equal installments on August 12, 2026 and 2027, subject to Ms. Thuerk's continued employment with the Company on the applicable vesting date.
F9	The restricted stock units will vest in two equal installments on August 12, 2026 and 2027, subject to Ms. Thuerk's continued employment with the Company on the applicable vesting date.