Russell Dyer - 15 Dec 2025 Form 4 Insider Report for Kenvue Inc. (KVUE)

Role: Chief Corp. Affairs Officer
Signature: /s/ Alla Berenshteyn, as attorney-in-fact
Issuer symbol: KVUE
Transactions as of: 15 Dec 2025
Net transactions value: -$43,214
Form type: 4
Filing time: 17 Dec 2025, 17:48:46 UTC
Previous filing: 05 Jun 2025
Next filing: 04 Mar 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Dyer Russell	Chief Corp. Affairs Officer	1 KENVUE WAY, SUMMIT	/s/ Alla Berenshteyn, as attorney-in-fact	17 Dec 2025	0002023971

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KVUE	Common Stock	Options Exercise	$0	+2,752	+161%	$0.000000	4,456	15 Dec 2025	Direct
transaction	KVUE	Common Stock	Tax liability	$24,232	-1,408	-32%	$17.21	3,048	15 Dec 2025	Direct	F1
transaction	KVUE	Common Stock	Options Exercise	$0	+2,156	+71%	$0.000000	5,204	15 Dec 2025	Direct
transaction	KVUE	Common Stock	Tax liability	$18,983	-1,103	-21%	$17.21	4,101	15 Dec 2025	Direct	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	KVUE	Restricted Stock Units	Options Exercise	$0	-2,752	-50%	$0.000000	2,775	15 Dec 2025	Common Stock	2,752		Direct	F2, F3, F4, F5
transaction	KVUE	Restricted Stock Units	Options Exercise	$0	-2,156	-33%	$0.000000	4,309	15 Dec 2025	Common Stock	2,156		Direct	F2, F4, F5, F6

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

Explanation of Responses:

Id	Content
F1	Shares withheld for payment of taxes upon vesting of Restricted Share Units.
F2	These units correspond 1 for 1 with the Company's common stock.
F3	This award was scheduled to vest in three equal installments on 06/03/2025, 06/03/2026, and 06/03/2027, subject to the reporting person's continued service through such vesting date but the vesting of the portion reflected herein was accelerated from 06/03/2026 in in order to mitigate the adverse impact to the Issuer and the Reporting Person of Section 280G of the Internal Revenue Code in connection with the pending transaction between the Issuer and Kimberly-Clark Corporation ("Section 280G Mitigation").
F4	This award will be subject to clawback in the event it is determined that the Reporting Person would not have ultimately vested in the award notwithstanding the acceleration reflected herein.
F5	Includes shares acquired in dividend reinvestment transactions.
F6	This award was scheduled to vest in three equal installments on 03/10/2026, 03/10/2027, and 03/10/2028, subject to the reporting person's continued service through such vesting date but the vesting of the portion reflected herein was accelerated from 03/10/2026 in connection with the Section 280G Mitigation.