BellRing director granted deferred stock equivalents

STEIN ELLIOT JR reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

STEIN ELLIOT JR reported acquisition or exercise transactions in this Form 4 filing.

BELLRING BRANDS, INC. director Elliot Jr. Stein received a grant of 393.6100 BellRing Brands, Inc. Common Stock equivalents on March 31, 2026. These were credited at a reference price of $16.0900 per share as part of his director retainer.

The award is deferred under the company’s Deferred Compensation Plan for Directors and represents Common Stock equivalents that will be paid out one-for-one in BellRing Brands common stock when he retires from the Board. Following this grant, Stein holds a total of 2,415.1380 Common Stock equivalents, which have no fixed exercisable or expiration dates.

Insider Trade Summary

Grant/Award: 393.61 shares

Grant/Award 1 txn

Insider STEIN ELLIOT JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	BellRing Brands, Inc. Common Stock Equivalents	393.61	$16.09	$6K

Holdings After Transaction: BellRing Brands, Inc. Common Stock Equivalents — 2,415.138 contracts (Direct)

Footnotes (2)

1. F1. A portion of 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. F2. The Common Stock equivalents have no fixed exercisable or expiration dates.

Key Figures

Deferred stock equivalents grant: 393.6100 units Reference price per unit: $16.0900 per share Total stock equivalents after grant: 2,415.1380 units +2 more

5 metrics

Deferred stock equivalents grant 393.6100 units Common Stock equivalents granted on March 31, 2026

Reference price per unit $16.0900 per share Valuation used for Common Stock equivalents grant

Total stock equivalents after grant 2,415.1380 units Common Stock equivalents held following the reported transaction

Conversion ratio 1:1 into Common Stock Equivalents convert to BellRing common shares at retirement

Exercise price $0.0000 Conversion or exercise price for the Common Stock equivalents

Key Terms

Common Stock Equivalents, Deferred Compensation Plan for Directors, retainer, one-for-one basis

4 terms

Common Stock Equivalents financial

"BellRing Brands, Inc. Common Stock Equivalents"

Common stock equivalents are financial instruments that can be converted into common shares or have a similar effect on a company's stock ownership, such as stock options or convertible bonds. They matter to investors because they can increase the total number of shares outstanding, potentially diluting existing ownership and affecting the company's stock value. Recognizing these equivalents helps investors understand the true potential for future share issuance and company ownership structure.

Deferred Compensation Plan for Directors financial

"deferred into Issuer Common Stock equivalents under the Issuer's Deferred Compensation Plan for Directors"

A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.

retainer financial

"A portion of Reporting Person's retainer earned as a Director of Issuer is deferred"

one-for-one basis financial

"distributed (on a one-for-one basis) in the form of Issuer Common Stock"

FAQ

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

What did BellRing Brands (BRBR) director Elliot Jr. Stein report in this Form 4?

He reported receiving 393.6100 BellRing Brands Common Stock equivalents as a deferred compensation grant. The award is tied to his director retainer and credited under the company’s Deferred Compensation Plan for Directors.

Is the BellRing Brands (BRBR) Form 4 transaction an open-market buy or sell?

The transaction is a grant, not an open-market trade. Stein acquired 393.6100 Common Stock equivalents as compensation, classified as a grant or award acquisition rather than a market purchase or sale.

How many BellRing Brands (BRBR) Common Stock equivalents does Elliot Jr. Stein hold after this grant?

After this grant, Stein holds 2,415.1380 BellRing Brands Common Stock equivalents. These units are deferred and will be settled in BellRing Brands common stock when he retires from the Board of Directors.

At what reference price were the BellRing Brands (BRBR) stock equivalents credited in this Form 4?

The 393.6100 Common Stock equivalents were credited at a reference price of $16.0900 per unit. This price reflects the valuation used for the deferred compensation grant to BellRing Brands’ director.

When will the BellRing Brands (BRBR) Common Stock equivalents granted to Elliot Jr. Stein be distributed?

They will be distributed upon his retirement from the Board of Directors. At that time, the Common Stock equivalents convert on a one-for-one basis into BellRing Brands common shares under the Deferred Compensation Plan for Directors.

Do the BellRing Brands (BRBR) Common Stock equivalents reported have an expiration date?

No, the Common Stock equivalents have no fixed exercisable or expiration dates. They remain outstanding as deferred units until they are paid out in BellRing Brands common stock when Stein retires from the Board.

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

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Accepted by SEC EDGAR 04/02/2026 - 06:39 PM Learn about SEC filing dates

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^*

STEIN ELLIOT JR

(Last) (First) (Middle)

C/O BELLRING BRANDS, INC.

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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)	03/31/2026		A		393.61		(2)	(2)	Common Stock	393.61	$16.09	2,415.138	D

Explanation of Responses:

1. A portion of 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	04/02/2026
	** 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)