Kelli Valade - 16 Jan 2026 Form 4 Insider Report for DENNY'S Corp (DENN)

Role
CEO, Director
Signature
/s/ Gail Sharps Myers, Attorney-in-Fact
Issuer symbol
DENN
Transactions as of
16 Jan 2026
Net transactions value
-$4,525,062
Form type
4
Filing time
20 Jan 2026, 17:31:16 UTC
Previous filing
02 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Valade Kelli CEO, Director DENNY'S CORPORATION, 203 EAST MAIN STREET, SPARTANBURG /s/ Gail Sharps Myers, Attorney-in-Fact 20 Jan 2026 0001508054

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DENN Common Stock Disposed to Issuer $2,196,019 -351,363 -100% $6.25 0 16 Jan 2026 Direct F1
transaction DENN Common Stock Options Exercise $0 +210,677 $0.000000 210,677 16 Jan 2026 Direct F1, F2
transaction DENN Common Stock Disposed to Issuer $1,316,731 -210,677 -100% $6.25 0 16 Jan 2026 Direct F1, F2
transaction DENN Common Stock Award $0 +161,970 $0.000000 161,970 16 Jan 2026 Direct F1, F3
transaction DENN Common Stock Disposed to Issuer $1,012,312 -161,970 -100% $6.25 0 16 Jan 2026 Direct F1, F3

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 DENN Restricted Stock Units Options Exercise $0 -47,691 -100% $0.000000 0 16 Jan 2026 Common Stock 47,691 Direct F1, F2
transaction DENN Restricted Stock Units Options Exercise $0 -162,986 -100% $0.000000 0 16 Jan 2026 Common Stock 162,986 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 On January 16, 2026, pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of November 3, 2025, by and among Denny's Corporation (the "Issuer"), a Delaware corporation, Sparkle Topco Corp., a Delaware corporation (the "Buyer") and Sparkle Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Buyer ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned, indirect subsidiary of Buyer. Immediately prior to the effective time of the Merger (the "Effective Time"), shares of the Issuer's common stock held by the Reporting Person were converted into the right to receive a cash payment equal to the per share merger consideration of $6.25 (the "Merger Consideration"), without interest and subject to applicable withholding taxes.
F2 Pursuant to the Merger Agreement, immediately prior to the Effective Time, each outstanding restricted stock unit ("RSUs") award was cancelled and terminated and converted into a right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product obtained by multiplying (x) the aggregate number of shares of the Issuer's common stock underlying such RSU award by (y) the Merger Consideration.
F3 Pursuant to the Merger Agreement, immediately prior to the Effective Time, each of these performance-based restricted stock units ("PSUs") was cancelled and terminated and converted into a right to receive an amount in cash (without interest and subject to applicable withholding taxes) equal to the product obtained by multiplying (x) the aggregate number of shares of the Issuer's common stock underlying such PSU award by (y) the Merger Consideration.