John Min - Oct 26, 2023 Form 4 Insider Report for KELLANOVA (K)

Role: Chief Legal Officer
Signature: /s/ John Min
Stock symbol: K
Transactions as of: Oct 26, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/30/2023, 04:41 PM
Previous filing: Oct 4, 2023
Next filing: Feb 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	K	Common						5.94K	Oct 26, 2023	Direct	F1
holding	K	Common						741	Oct 26, 2023	By 401(k) Profit Sharing Plan	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	K	Restricted Stock Units	Award	$0	+2.18K		$0.00	2.18K	Oct 26, 2023	Common	2.18K		Direct	F2, F3, F4, F5, F6
transaction	K	Restricted Stock Units	Award	$0	+3.07K		$0.00	3.07K	Oct 26, 2023	Common	3.07K		Direct	F3, F4, F6, F7, F8

* 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, 2023.
F2	Represent 2021-2023 Executive Performance Plan awards granted under the Kellanova Performance Stock Unit ("PSU") Plan (formerly known as the "Executive Performance Plan").
F3	Each restricted stock unit represents a contingent right to receive one share of Kellanova common stock.
F4	On October 26, 2023, the Kellanova Compensation and Talent Management Committee determined the actual performance through the effective time of the Distribution (as defined below) of the PSU Plan Awards.
F5	The restricted stock units vest over three years and vest on the date of the Board meeting that occurs closest to the third anniversary of the grant date, which is expected to occur on February 16, 2024.
F6	On October 2, 2023, Kellanova completed a pro rata spinoff distribution ("Distribution") of all of its shares of WK Kellogg Co. In connection with the Distribution, pursuant to the terms of the Employee Matters Agreement, dated as of September 29, 2023 by and between Kellanova and WK Kellogg Co, equity awards held by the Reporting Person were equitably adjusted.
F7	Represent 2022-2024 Preformance Stock Unit awards granted under the Kellanova PSU Plan (formally known as the "Executive Performance Plan").
F8	The restricted stock units vest over three years and vest on the date of the Board meeting that occurs closest to the third anniversary of the grant date, which is expected to occur on February 21, 2025.