[Form 4] BellRing Brands, Inc. Insider Trading Activity

Rhea-AI Filing Summary

BellRing Brands, Inc. (BRBR) – Form 4 insider transaction

President & CEO Darcy Horn Davenport disclosed the sale of 1,600 common shares on 07/03/2025 at a weighted-average price of $57.45 under a pre-arranged Rule 10b5-1 trading plan adopted on 02/26/2025. Following the transaction, the executive retains 200,378 shares, indicating the disposal represents roughly 0.8% of her direct equity stake. No derivative security activity was reported.

The filing is routine and does not signal operational changes but provides investors with visibility into insider sentiment and liquidity actions at the senior-management level.

Positive

• Governance transparency: Transaction executed under a Rule 10b5-1 plan, reducing concerns about opportunistic insider trading.

Negative

• Insider selling: Even though small, a CEO share sale can be interpreted by some investors as a marginally negative sentiment signal.

Insights

Financial Analyst

TL;DR: CEO sold 1,600 BRBR shares (~$92k) via 10b5-1 plan; minimal stake reduction, neutral signal.

The sale is modest relative to Ms. Davenport’s remaining 200k-plus shares, suggesting no material shift in confidence or strategy. Execution under a pre-scheduled 10b5-1 plan limits concerns over opportunistic timing and demonstrates sound governance. From a valuation or liquidity perspective, the transaction is negligible and unlikely to impact share price or investor outlook. I therefore view the event as neutral for BRBR shareholders.

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^*

DAVENPORT DARCY HORN

(Last) (First) (Middle)

C/O BELLRING BRANDS, INC.

2503 S. HANLEY ROAD

(Street)

ST. LOUIS MO 63144

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BELLRING BRANDS, INC. [ BRBR ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRES. AND CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2025

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
Common Stock	07/03/2025		S(1)		1,600	D	$57.45(2)	200,378	D

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 sale reported was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2025.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.08 to $57.89 per share. The holder undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Craig L. Rosenthal, Attorney in Fact	07/07/2025
	** 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

How many BellRing Brands (BRBR) shares did the CEO sell?

Darcy Horn Davenport sold 1,600 common shares.

At what price were the BRBR shares sold?

The weighted-average sale price was $57.45, with trades ranging from $57.08 to $57.89.

When did the insider sale occur?

The transaction date reported on Form 4 is July 3, 2025.

How many BRBR shares does the CEO still own after the sale?

Following the sale, the CEO owns 200,378 shares directly.

Was the transaction part of a 10b5-1 trading plan?

Yes. The Form 4 states the sale was effected under a Rule 10b5-1 plan adopted on February 26, 2025.