[Form 4] BELLRING BRANDS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Thomas P. Erickson, a Director of BellRing Brands, Inc. (Ticker: BRBR), reported a Form 4 showing a deferred-compensation credit of 1,153.875 common stock equivalents on 10/01/2025 at an indicated price of $36.35. The filing shows 20,316.749 shares of common stock beneficially owned by Mr. Erickson following the transaction.

The filing explains these credits arise from director retainer deferrals under the company’s Deferred Compensation Plan for Directors, are credited quarterly, have no fixed exercise or expiration dates, and will be distributed one-for-one in shares upon the director’s retirement from the board.

Positive

• 1,153.875 common stock equivalents credited to director retainer, aligning interests with shareholders
• Reporting shows 20,316.749 shares beneficially owned, providing transparency on insider holdings
• Deferred compensation converts to common stock one-for-one at retirement, encouraging long-term alignment

Negative

• None.

Insights

Corporate Governance Analyst

Director deferred annual retainer into equity, increasing direct holdings by 1,153.875 equivalents.

The Form 4 documents a routine compensation election where the director’s retainer is converted into 1,153.875 stock equivalents credited on 10/01/2025. This is recorded at an indicated value of $36.35 and results in 20,316.749 shares beneficially owned.

Because the equivalents have no fixed exercise or expiration dates and convert to common stock upon retirement, this aligns long-term director incentives with shareholder equity without immediate issuance of tradable shares.

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^*

ERICKSON THOMAS P

(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		1,153.875		(2)	(2)	Common Stock	1,153.875	$36.35	20,316.749	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 transaction did Thomas P. Erickson report on Form 4 for BRBR?

Mr. Erickson reported a deferral of director retainer into 1,153.875 common stock equivalents on 10/01/2025 at an indicated price of $36.35.

How many BRBR shares does the reporting person beneficially own after the transaction?

The Form 4 reports 20,316.749 shares of BellRing Brands, Inc. common stock beneficially owned following the reported transaction.

Will the common stock equivalents be exercisable or expire?

No; the Form 4 states the common stock equivalents have no fixed exercisable or expiration dates.

When are the deferred stock equivalents distributed to the director?

The filing states the stock equivalents are distributed one-for-one in common stock upon the reporting person’s retirement from the Board of Directors.

Why were the stock equivalents credited and how often?

They result from the director’s retainer elected into the Issuer’s Deferred Compensation Plan for Directors and are credited quarterly as administratively practical following the quarter in which the retainer is earned.