Brown-Forman Corp (BF) CEO reports Rule 10b5-1 Class A stock sale

Rhea-AI Filing Summary

Brown-Forman Corp reported that its president and CEO, who is also a director, sold shares of the company’s Class A common stock. On December 12, 2025, the insider sold 8,834 Class A shares at a price of $31 per share, coded as a sale transaction.

After this trade, the insider beneficially owned 32,933 Class A shares directly and an additional 3.086 Class A shares indirectly through a dividend reinvestment plan. The sales were made under a pre-arranged Rule 10b5-1 trading plan that was previously adopted on March 31, 2025.

Insider Trade Summary

Net Seller: 8,834 shares ($273,854)

Net Sell 2 txns

Insider Whiting Lawson E

Role President & CEO

Sold 8,834 shs ($274K)

Type	Security	Shares	Price	Value
Sale	Class A Common	8,834	$31.00	$274K
holding	Class A Common	--	--	--

Holdings After Transaction: Class A Common — 32,933 shares (Direct); Class A Common — 3.086 shares (Indirect, DRIP)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Whiting Lawson E

(Last) (First) (Middle)

850 DIXIE HIGHWAY

(Street)

LOUISVILLE KY 40210

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BROWN FORMAN CORP [ BFA, BFB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common	12/12/2025		S		8,834	D	$31	32,933	D(1)
Class A Common								3.086	I	DRIP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person, dated March 31, 2025.

Remarks:

	Karleen M. Finnegan, Attorney in Fact for Lawson E. Whiting	12/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Brown-Forman Corp (BF) disclose in this filing?

The filing reports that an insider sold 8,834 shares of Brown-Forman Corp Class A common stock on December 12, 2025 at a price of $31 per share.

Who is the reporting person in the Brown-Forman Corp (BF) insider transaction?

The reporting person is identified as a director and officer of Brown-Forman Corp, serving as President & CEO.

How many Brown-Forman Corp (BF) shares did the insider own after the sale?

Following the transaction, the insider beneficially owned 32,933 Class A shares directly and 3.086 Class A shares indirectly through a dividend reinvestment plan (DRIP).

Was the Brown-Forman Corp (BF) insider sale made under a Rule 10b5-1 plan?

Yes. The sales were effected pursuant to a Rule 10b5-1 trading plan that was previously adopted by the reporting person and dated March 31, 2025.

What type of security was involved in the Brown-Forman Corp (BF) insider sale?

The transaction involved Class A common stock of Brown-Forman Corp, as shown in the non-derivative securities table.

What type of SEC form reports this Brown-Forman Corp (BF) insider transaction?

The insider transaction is reported on an SEC Form 4, which discloses changes in beneficial ownership of Brown-Forman Corp equity securities by insiders.