Kurt D. Forche - 11 Dec 2025 Form 4 Insider Report for KELLANOVA (K)

Reporting relationship: VP-Corporate Controller
Issuer ticker: K
Reported as of: 11 Dec 2025
Net transaction value: -$5,003,901
SEC form: 4
Accepted by SEC: 11 Dec 2025, 18:29:13 UTC
Prior SEC filing: 25 Feb 2025
Source filing: View source filing
Reporting owner signature: /s/ Todd W. Haigh, Attorney-in-fact

Key filing fact

Kurt D. Forche filed Form 4 for KELLANOVA (K) on 11 Dec 2025.

Key facts

This page summarizes Kurt D. Forche's Form 4 filing for KELLANOVA (K).
13 reported transactions and 11 derivative rows are listed below.
Accepted by SEC: 11 Dec 2025, 18:29.

Change

Previous filing in this sequence was filed on 25 Feb 2025.
Current net transaction value: -$5,003,901.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001747840 Primary reporting owner

FORCHE KURT D

Relationship: VP-Corporate Controller
Address: 412 N. WELLS ST., CHICAGO
Signature: /s/ Todd W. Haigh, Attorney-in-fact
Signature date: 11 Dec 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

K transaction

Common

Disposed to Issuer

Transaction value: $1,769,992
Shares: -21,198
Change %: -100%
Price: $83.50
Shares after: 0
Date: 11 Dec 2025
Ownership: Direct
Footnotes: F1, F2

K transaction

Common

Disposed to Issuer

Transaction value: $10,888
Shares: -130
Change %: -100%
Price: $83.50
Shares after: 0
Date: 11 Dec 2025
Ownership: By 401(k) Profit Sharing Plan
Footnotes: F1, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

K transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value: $205,305
Shares: -2,459
Change %: -100%
Price: $83.50
Shares after: 0
Date: 11 Dec 2025
Ownership: Direct
Underlying class: Common
Underlying amount: 2,459
Exercise price
Footnotes: F4

K transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value: $197,716
Shares: -2,368
Change %: -100%
Price: $83.50
Shares after: 0
Date: 11 Dec 2025
Ownership: Direct
Underlying class: Common
Underlying amount: 2,368
Exercise price
Footnotes: F4

K transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value: $510,947
Shares: -6,119
Change %: -100%
Price: $83.50
Shares after: 0
Date: 11 Dec 2025
Ownership: Direct
Underlying class: Common
Underlying amount: 6,119
Exercise price
Footnotes: F5

K transaction Derivative

Performance-based Restricted Stock Units

Award

Transaction value: $0
Shares: +13,594
Change %
Price: $0.000000
Shares after: 13,594
Date: 11 Dec 2025
Ownership: Direct
Underlying class: Common
Underlying amount: 13,594
Exercise price
Footnotes: F6

K transaction Derivative

Performance-based Restricted Stock Units

Disposed to Issuer

Transaction value: $1,135,099
Shares: -13,594
Change %: -100%
Price: $83.50
Shares after: 0
Date: 11 Dec 2025
Ownership: Direct
Underlying class: Common
Underlying amount: 13,594
Exercise price
Footnotes: F6

K transaction Derivative

Stock Option

Disposed to Issuer

Transaction value: $43,420
Shares: -2,600
Change %: -100%
Price: $16.70
Shares after: 0
Date: 11 Dec 2025
Ownership: Direct
Underlying class: Common
Underlying amount: 2,600
Exercise price: $66.80
Footnotes: F7

K transaction Derivative

Stock Option

Disposed to Issuer

Transaction value: $60,198
Shares: -3,165
Change %: -100%
Price: $19.02
Shares after: 0
Date: 11 Dec 2025
Ownership: Direct
Underlying class: Common
Underlying amount: 3,165
Exercise price: $64.48
Footnotes: F7

K transaction Derivative

Stock Option

Disposed to Issuer

Transaction value: $92,005
Shares: -4,205
Change %: -100%
Price: $21.88
Shares after: 0
Date: 11 Dec 2025
Ownership: Direct
Underlying class: Common
Underlying amount: 4,205
Exercise price: $61.62
Footnotes: F7

K transaction Derivative

Stock Option

Disposed to Issuer

Transaction value: $367,286
Shares: -11,023
Change %: -100%
Price: $33.32
Shares after: 0
Date: 11 Dec 2025
Ownership: Direct
Underlying class: Common
Underlying amount: 11,023
Exercise price: $50.18
Footnotes: F7

K transaction Derivative

Stock Option

Disposed to Issuer

Transaction value: $242,553
Shares: -9,497
Change %: -100%
Price: $25.54
Shares after: 0
Date: 11 Dec 2025
Ownership: Direct
Underlying class: Common
Underlying amount: 9,497
Exercise price: $57.96
Footnotes: F7

K transaction Derivative

Stock Option

Disposed to Issuer

Transaction value: $368,491
Shares: -11,419
Change %: -100%
Price: $32.27
Shares after: 0
Date: 11 Dec 2025
Ownership: Direct
Underlying class: Common
Underlying amount: 11,419
Exercise price: $51.23
Footnotes: F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Kurt D. Forche is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 7 footnotes

Footnote 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").

Footnote F2

Includes 21.513 shares of Common Stock that were inadvertently excluded from previous reports filed by the Reporting Person.

Footnote F3

Represents shares of Common Stock indirectly held by the Reporting Person's account in the Kellanova Savings and Investment Plan immediately prior to the Effective Time.

Footnote F4

Upon the terms and subject to the conditions set forth in the Merger Agreement, at the Effective Time, these restricted stock units ("RSUs") were cancelled and converted into the right to receive an amount in cash, without interest, equal to the sum of the product of the number of shares of Common Stock issuable pursuant to such RSUs and the per share Merger Consideration, plus all dividend equivalents accrued or credited with respect to such RSUs.

Footnote F5

Upon the terms and subject to the conditions set forth in the Merger Agreement, at the Effective Time, these RSUs were cancelled and converted into the contractual right of the Reporting Person to receive a payment in an amount of cash (without interest and subject to applicable tax withholdings) equal to the sum of the per share Merger Consideration multiplied by the total number of shares of Common Stock issuable pursuant to such RSUs as of immediately prior to the Effective Time plus all dividend equivalents accrued or credited with respect to such RSUs (each, a "Converted RSU Cash Award"). Each Converted RSU Cash Retention Award will generally be subject to the same terms and conditions as applied to such RSUs immediately prior to the Effective Time and will become payable in accordance with the original vesting schedule applicable to the corresponding RSUs or, if earlier, upon a qualifying termination of employment.

Footnote F6

Upon the terms and subject to the conditions set forth in the Merger Agreement, at the Effective Time, each performance-based restricted stock unit ("PSU") outstanding immediately prior to the Effective Time was deemed fully vested, based on the greater of target or actual level of performance, and was cancelled and converted into the right of the Reporting Person to receive an amount, in cash, without interest, equal to the sum of the product of such number of shares of Common Stock issuable pursuant to the PSU (based on the level of vesting described above) and the per share Merger Consideration, plus all dividend equivalents accrued or credited with respect to such PSU, subject to tax withholding.

Footnote F7

Upon the terms and subject to the conditions set forth in the Merger Agreement, at the Effective Time, each option to purchase a share of Common Stock (an "Option") that was outstanding and unexercised as of immediately prior to the Effective Time was converted into the right of the Reporting Person to receive an amount, in cash, without interest, equal to the product of the total number of shares subject to such Option and the excess, if any, of the per share Merger Consideration over the exercise price per share of Common Stock underlying the Option.