STEPHANIE BURNS - 11 Dec 2025 Form 4 Insider Report for KELLANOVA (K)

Role: Director
Signature: /s/ Todd W. Haigh, Attorney-in-fact
Issuer symbol: K
Transactions as of: 11 Dec 2025
Transactions value $: -$4,050,209
Form type: 4
Filing time: 11 Dec 2025, 18:41:39 UTC
Previous filing: 14 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
BURNS STEPHANIE	Director	412 N. WELLS ST., CHICAGO	/s/ Todd W. Haigh, Attorney-in-fact	11 Dec 2025	0001257094

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	K	Common	Disposed to Issuer	-$2.95M	-35.3K	-100%	$83.50	0	11 Dec 2025	Held in Trust	F1, F2

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	Disposed to Issuer	-$1.1M	-13.2K	-100%	$83.50	0	11 Dec 2025	Common	13.2K		Direct	F3

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

STEPHANIE BURNS is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Pursuant to the Agreement and Plan of Merger, dated as of August 13, 2024, by and among the Issuer, Acquiror 10VB8, LLC ("Acquiror"), Merger Sub 10VB8, LLC ("Merger Sub"), and solely for the limited purposes set forth therein, Mars, Incorporated, Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Acquiror (the "Merger"). At the effective time of the Merger (the "Effective Time"), upon the terms and subject to the conditions set forth in the Merger Agreement, each share of the Issuer's common stock, par value $0.25 per share ("Common Stock"), that was issued and outstanding immediately prior to the Effective Time was automatically cancelled and converted into the right to receive $83.50 per share in cash, without interest and subject to any applicable withholding taxes (the "Merger Consideration").
F2	Includes shares acquired under the Company's Dividend Reinvestment Plan in 2025.
F3	At the Effective Time, each deferred stock unit (a "DSU") that was outstanding immediately prior to the Effective Time, by virtue of the Merger, ceased to be outstanding and was converted into the right of the Reporting Person to receive, at the time specified in the Kellanova Deferred Compensation Plan for Non-Employee Directors and in accordance with Section 409A of the Internal Revenue Code of 1986, as amended, an amount in cash, without interest, equal to the sum of the product of such number of shares of Common Stock underlying the DSU and the per share Merger Consideration, plus all dividend equivalents accrued or credited with respect to such DSU, subject to tax withholding.