BellRing (BRBR) Director Defers Retainer into 1,604.728 Stock Equivalents

Rhea-AI Filing Summary

Robert V. Vitale, a director of BellRing Brands, Inc. (BRBR), reported on Form 4 that on 10/01/2025 he was credited with 1,604.728 Common Stock equivalents under the company’s Director Deferred Compensation Plan. Those equivalents are valued at $36.35 each in the filing and are distributable one-for-one as Common Stock upon his retirement from the board. After the credit, Mr. Vitale beneficially owns 3,395.065 shares (reported as Direct ownership). The stock equivalents have no fixed exercisable or expiration dates. The Form 4 was signed by an attorney-in-fact on 10/03/2025.

Positive

• 1,604.728 stock equivalents credited, increasing director ownership to 3,395.065
• Deferral converts to one-for-one Common Stock on retirement, aligning director interests with shareholders

Negative

• None.

Insights

Corporate Governance Expert

Director deferred compensation added 1,604.728 stock equivalents, increasing direct holdings to 3,395.065.

This filing shows a routine credit under the issuer’s Director Deferred Compensation Plan rather than an open-market purchase or sale. The credit increases the director’s direct reported holdings to 3,395.065 shares, which can signal continued alignment with shareholder interests because the plan converts to common stock on retirement.

The filing notes the equivalents have no exercisable or expiration dates, so they are not time-limited options but deferred credits payable in shares upon retirement.

Compensation Analyst

Director retainer deferred into 1,604.728 stock equivalents at an indicated value of $36.35 each.

The transaction is described as a deferral of director retainer compensation into stock equivalents credited quarterly. This reflects a non-cash, compensation-related increase in equity exposure rather than an active market transaction.

Because distribution occurs upon board retirement, the timing and liquidity of these shares are tied to the director’s board tenure, not to immediate saleability.

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^*

VITALE ROBERT V

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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

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
BellRing Brands, Inc. Common Stock Equivalents	(1)	10/01/2025		A		1,604.728		(2)	(2)	Common Stock(2)	1,604.728	$36.35	3,395.065	D

Explanation of Responses:

1. Reporting Person's retainer earned as a Director of Issuer is deferred into Issuer Common Stock equivalents under the Issuer's Deferred Compensation Plan for Directors. Reporting Person is credited with stock equivalents on a quarterly basis as soon as administratively practical following the quarter in which such retainer is earned. The value of these stock equivalents is distributed (on a one-for-one basis) in the form of Issuer Common Stock upon Reporting Person's retirement from the Board of Directors.

2. The Common Stock equivalents have no fixed exercisable or expiration dates.

Remarks:

	/s/ Craig L. Rosenthal, Attorney in Fact	10/03/2025
	** 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 did BRBR director Robert V. Vitale report on Form 4?

He reported being credited with 1,604.728 Common Stock equivalents under the Director Deferred Compensation Plan on 10/01/2025, bringing his beneficial ownership to 3,395.065 shares.

Are the credited Common Stock equivalents exercisable or do they expire?

No. The filing states the Common Stock equivalents have no fixed exercisable or expiration dates and are distributed as Common Stock upon the director’s retirement.

What value per share is shown for the stock equivalents?

The Form 4 shows a value of $36.35 per share for the credited Common Stock equivalents.

Was this a market purchase or a compensation deferral?

This was a compensation deferral: the director’s retainer earned as a director was deferred into Common Stock equivalents under the issuer’s plan.

When was the Form 4 signed and filed?

The signature on the filing is dated 10/03/2025 and the earliest reported transaction date is 10/01/2025.