BRBR Form 4: President & CEO Awarded 11,000 Options; Vested

Rhea-AI Filing Summary

Davenport Darcy Horn, President and CEO of BellRing Brands, Inc. (BRBR), reported an equity award on 08/11/2025. The Form 4 shows an acquisition of 11,000 shares via an employee stock option awarded under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan; the filing states the option is fully vested and the transaction was exempt under Rule 16b-3.

The Form lists an exercise/conversion price of $17.30 and also shows $38.83 under the "Price of Derivative Security" field. After the reported transaction Mr. Horn directly beneficially owns 204,978 common shares and is shown as holding 65,000 derivative securities. The derivative entry includes an expiration date of 11/20/2029, and the filing bears a signature by an attorney-in-fact dated 08/12/2025.

Positive

• CEO increased direct stake by 11,000 shares, demonstrating additional insider ownership
• Option award is fully vested and reported as exempt under Rule 16b-3
• Form discloses post-transaction holdings: 204,978 direct shares and 65,000 derivative securities

Negative

• None.

Insights

Financial Analyst

TL;DR: CEO acquired 11,000 shares via a vested LTIP option; direct holdings rose to 204,978 and derivative holdings to 65,000.

The reported transaction shows a routine LTIP award exercised or reported on 08/11/2025, increasing direct common stock by 11,000 shares at a listed price of $17.30. The filing clarifies the award is fully vested and exempt under Rule 16b-3, indicating no short-swing profit exposure. For investors the most relevant facts are the post-transaction holdings: 204,978 directly owned shares and 65,000 derivative securities. The size of the acquisition is explicit in the filing but the Form does not provide company-wide share counts, so materiality relative to total outstanding shares cannot be determined from this document alone.

Corporate Governance Expert

TL;DR: Award documented under the 2019 LTIP, fully vested and reported on Form 4; filing executed by attorney-in-fact.

The Form 4 identifies the award as granted under the BellRing 2019 Long-Term Incentive Plan and notes the transaction was exempt under Rule 16b-3, a standard disclosure for insider awards and exercises. The filing includes both direct ownership figures and derivative holdings, and specifies an expiration date (11/20/2029) for the derivative instruments. Signature by an attorney-in-fact is recorded with a date of 08/12/2025. These elements are consistent with routine, documented executive equity compensation and reporting processes.

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).

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)
08/11/2025

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	08/11/2025		M		11,000	A	$17.3	204,978	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
Employee Stock Option (right to buy)	$17.3	08/11/2025		M			11,000	(1)	11/20/2029	Common Stock	11,000	$38.83	65,000	D

Explanation of Responses:

1. This option was awarded under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3. This option is fully vested.

Remarks:

	/s/ Craig L. Rosenthal, Attorney in Fact	08/12/2025
	** 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

Who filed the Form 4 for BRBR?

The Form 4 was filed on behalf of Davenport Darcy Horn, who is listed as President and CEO.

What transaction is reported on the BRBR Form 4 dated 08/11/2025?

The filing reports acquisition of 11,000 common shares via an employee stock option award under the 2019 LTIP on 08/11/2025.

What prices are shown on the Form 4 for the BRBR transaction?

The form lists an exercise/conversion price of $17.30 and also shows $38.83 under the 'Price of Derivative Security' field.

How many shares does the insider own after the reported transaction?

After the reported transaction the filing shows 204,978 common shares beneficially owned directly and 65,000 derivative securities beneficially owned.

Under what plan was the option awarded and is it vested?

The option was awarded under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan and the filing states the option is fully vested.

What is the expiration date for the derivative securities shown on the Form 4?

The derivative entry lists an expiration date of 11/20/2029.