G. Zachary Gund - 30 Dec 2023 Form 5 Insider Report for KELLANOVA (K)

Role
Director
Signature
John Min, Attorney-in-Fact
Issuer symbol
K
Transactions as of
30 Dec 2023
Net transactions value
$0
Form type
5
Filing time
09 Feb 2024, 16:52:05 UTC
Previous filing
21 Dec 2023
Next filing
14 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction K Common Other $0 +983 +4% $0.000000 25,857 30 Dec 2023 Held in Trust F1
holding K Common 3,657 30 Dec 2023 See footnote* F2
holding K Common 9,200 30 Dec 2023 See footnote** F3
holding K Common 1,619,000 30 Dec 2023 See footnote*** F4

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 Other $0 +686 +3.8% $0.000000 18,983 30 Dec 2023 Common 686 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired under the Company's Dividend Reinvestment Plan in 2023.
F2 *These shares are held in a trust for the benefit of the reporting person and certain members of his family. The reporting person is one of several trustees and, in such capacity, may have voting and dispositive power over all such shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F3 **These shares are held by a limited liability company that is owned by a trust for the benefit of certain members of the reporting person's family. A family member of the reporting person is the trustee of the trust and the reporting person is the manager of the limited liability company. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F4 ***These shares are held in family partnerships, the partners of which include a trust for the benefit of the reporting person. The reporting person serves as a manager of these partnerships and, in such capacity, may have voting and dispositive power over all such shares. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
F5 According to the terms of the Kellanova Deferred Compensation Plan for Non-Employee Directors, final value of phantom stock units is to be determined as of date of reporting person's retirement and paid in stock.
F6 Reflects dividend equivalents from automatic reinvestment of dividends.