BellRing director granted 2,071 stock equivalents

CONWAY SHAWN reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

CONWAY SHAWN reported acquisition or exercise transactions in this Form 4 filing.

BELLRING BRANDS, INC. director Shawn Conway reported a routine compensation-related transaction involving deferred stock units. On March 31, 2026, he received a grant of 2,071.627 Common Stock equivalents tied to his board retainer, at a reference price of $16.0900 per equivalent.

These units are credited quarterly under the company’s Deferred Compensation Plan for Directors and represent a right to receive an equal number of BellRing common shares in the future. Following this grant, Conway holds 7,384.833 Common Stock equivalents. The footnotes state these equivalents have no fixed exercisable or expiration dates and will be paid out in common stock on a one-for-one basis when he retires from the board.

Insider Trade Summary

Grant/Award: 2,071.627 shares

Grant/Award 1 txn

Insider CONWAY SHAWN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	BellRing Brands, Inc. Common Stock Equivalents	2,071.627	$16.09	$33K

Holdings After Transaction: BellRing Brands, Inc. Common Stock Equivalents — 7,384.833 contracts (Direct)

Footnotes (2)

1. F1. 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

Stock equivalents granted: 2,071.627 units Reference price per equivalent: $16.0900 per unit Total stock equivalents after grant: 7,384.833 units +2 more

5 metrics

Stock equivalents granted 2,071.627 units Common Stock equivalents granted on March 31, 2026

Reference price per equivalent $16.0900 per unit Transaction price per Common Stock equivalent

Total stock equivalents after grant 7,384.833 units Common Stock equivalents following the reported transaction

Underlying common shares 2,071.627 shares Common Stock underlying the newly granted equivalents

Exercise price $0.0000 Conversion or exercise price of Common Stock equivalents

Key Terms

Common Stock equivalents, Deferred Compensation Plan for Directors, retainer, stock equivalents, +2 more

6 terms

Common Stock equivalents financial

"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."

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

"retainer earned as a Director of Issuer is 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

"Reporting Person's retainer earned as a Director of Issuer is deferred into Issuer Common Stock equivalents"

stock equivalents financial

"Reporting Person is credited with stock equivalents on a quarterly basis as soon as administratively practical"

one-for-one basis financial

"The value of these stock equivalents is distributed (on a one-for-one basis) in the form of Issuer Common Stock"

expiration dates financial

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

FAQ

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

What did BellRing Brands (BRBR) director Shawn Conway report in this Form 4?

Shawn Conway reported receiving 2,071.627 BellRing Brands Common Stock equivalents as director compensation. These units are part of a deferred compensation arrangement and increase his total deferred stock equivalents to 7,384.833, reflecting routine, non-market, compensation-related activity rather than an open-market share purchase or sale.

How many BellRing Brands (BRBR) stock equivalents did Shawn Conway receive?

Shawn Conway received 2,071.627 Common Stock equivalents credited under BellRing Brands’ Deferred Compensation Plan for Directors. These units mirror his quarterly board retainer and are designed to convert into the same number of BellRing common shares in the future, rather than being immediately tradable securities.

What is Shawn Conway’s total BellRing Brands (BRBR) deferred stock position after this grant?

After the March 31, 2026 grant, Shawn Conway holds 7,384.833 BellRing Brands Common Stock equivalents. This total reflects cumulative quarterly director retainers deferred into stock equivalents under the company’s plan, which will eventually be settled in BellRing common shares on a one-for-one basis at board retirement.

How does BellRing Brands’ (BRBR) Deferred Compensation Plan for Directors work in this filing?

Under the plan, a director’s retainer is deferred into BellRing common stock equivalents. Conway is credited with stock equivalents quarterly, based on a reference price of $16.0900 here, and will receive actual BellRing common shares on a one-for-one basis when he retires from the board, instead of immediate cash payments.

Does this BellRing Brands (BRBR) Form 4 show an open-market buy or sell by Shawn Conway?

No, the Form 4 shows a grant classified as a compensation-related acquisition, not an open-market transaction. The 2,071.627 Common Stock equivalents reflect deferred director fees, with no explicit buy or sell order on the market, and will convert into common shares upon Conway’s retirement from the board.

Do the BellRing Brands (BRBR) Common Stock equivalents in this filing have an expiration date?

According to the footnotes, the Common Stock equivalents reported for Shawn Conway have no fixed exercisable or expiration dates. Instead, their value is ultimately settled in BellRing common stock, on a one-for-one basis, when he retires from the Board of Directors, providing deferred equity-based compensation.

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

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Accepted by SEC EDGAR 04/02/2026 - 06:40 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^*

CONWAY SHAWN

(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		2,071.627		(2)	(2)	Common Stock	2,071.627	$16.09	7,384.833	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	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)