BellRing CEO granted 142,964 stock units

Axelrod Michael Carey reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 07/31/2026 - 06:39 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Axelrod Michael Carey reported acquisition or exercise transactions in this Form 4 filing.

BELLRING BRANDS, INC. President and CEO Michael Carey Axelrod received a grant of 142,964 restricted stock units, each representing one share of Common Stock, at a reported price of $13.29 per share.

The units vest in equal annual installments over three years under the company’s 2019 Long-Term Incentive Plan, with 142,964 shares reported as directly owned following the award.

Insider Trade Summary

Grant/Award: 142,964 shares

Grant/Award 1 txn

Insider Axelrod Michael Carey

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	142,964	$13.29	$1.90M

Holdings After Transaction: Common Stock — 142,964 shares (Direct)

Holdings Before and After: Common Stock, 0 to 142,964 shares (Direct)

Footnotes (1)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Common Stock of Issuer. The restricted stock units were granted under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3 and vest in equal annual installments over three years subject to the terms of the award agreement.

Key Figures

Restricted stock units granted: 142,964 units Reported price per share: $13.29 per share Total shares following transaction: 142,964 shares +1 more

4 metrics

Restricted stock units granted 142,964 units Grant to President and CEO Michael Carey Axelrod on 2026-07-29

Reported price per share $13.29 per share Reference price for the restricted stock unit grant

Total shares following transaction 142,964 shares Directly reported holdings after the award

Vesting period 3 years Restricted stock units vest in equal annual installments over three years

Key Terms

restricted stock unit, 2019 Long-Term Incentive Plan, Rule 16b-3

3 terms

restricted stock unit financial

"Each restricted stock unit represents a contingent right to receive one share"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

2019 Long-Term Incentive Plan financial

"granted under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan"

Rule 16b-3 regulatory

"in a transaction exempt under Rule 16b-3 and vest in equal"

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What equity award did BRBR grant to CEO Michael Carey Axelrod?

BellRing Brands granted CEO Michael Carey Axelrod 142,964 restricted stock units, each tied to one share of common stock. The award was made at a reported price of $13.29 per share under the company’s 2019 Long-Term Incentive Plan.

How many BRBR shares are covered by Axelrod’s new restricted stock units?

The grant to Michael Carey Axelrod covers 142,964 restricted stock units, each representing a contingent right to receive one share of BellRing Brands common stock. These units vest over time rather than being fully owned on the grant date.

At what price were Michael Carey Axelrod’s BRBR restricted stock units granted?

The restricted stock unit grant to Michael Carey Axelrod used a reported reference price of $13.29 per share. This price reflects the value per underlying share of common stock associated with each of the 142,964 units awarded.

What is the vesting schedule for Michael Carey Axelrod’s BRBR restricted stock units?

Axelrod’s 142,964 restricted stock units vest in equal annual installments over three years, subject to the terms of the award agreement. Shares are delivered progressively, aligning the CEO’s compensation with longer-term company performance and continued service.

Under which plan were Michael Carey Axelrod’s BRBR restricted stock units granted?

The award was granted under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan. This plan provides stock-based compensation, including restricted stock units, to align executives’ interests with shareholders through multi-year vesting tied to BellRing Brands common stock.

How many BRBR shares does Michael Carey Axelrod report owning after this grant?

Following the grant, Michael Carey Axelrod reports 142,964 shares of BellRing Brands common stock as directly owned. This figure reflects his reported holdings in the non-derivative section after receiving the restricted stock unit award linked to those underlying shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Axelrod Michael Carey

(Last) (First) (Middle)

1 N. BRENTWOOD BLVD.

SUITE 1550

(Street)

ST. LOUIS MISSOURI 63105

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2026

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

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

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

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	07/29/2026		A		142,964(1)	A	$13.29	142,964	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. Each restricted stock unit represents a contingent right to receive one share of Common Stock of Issuer. The restricted stock units were granted under the BellRing Brands, Inc. 2019 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3 and vest in equal annual installments over three years subject to the terms of the award agreement.

Remarks:

	/s/ Craig L. Rosenthal, Attorney in Fact	07/31/2026
	** 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.
* Form 4: SEC 1474 (03-26)