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

Rhea-AI Filing Summary

Elliot Stein Jr., a director of BellRing Brands, Inc. (BRBR), reported a non‑cash acquisition of 195.624 common stock equivalents on 10/01/2025 under the company's Director Deferred Compensation Plan. The equivalents were credited as a quarterly deferral of his director retainer at an indicated per‑share value of $36.35. Those equivalents convert to common stock on a one‑for‑one basis upon Mr. Stein's retirement from the board. After this entry, Mr. Stein beneficially owns 1,784.597 shares of common stock directly. The filing was submitted by an attorney‑in‑fact on 10/03/2025.

Positive

• Director alignment: 195.624 stock equivalents were credited, increasing insider ownership to 1,784.597 shares
• Deferred plan use: Retainer deferred into company stock equivalents under the Issuer's Deferred Compensation Plan

Negative

• None.

Insights

Corporate Governance Analyst

Director deferred compensation added 195.624 stock equivalents on 10/01/2025.

This Form 4 records a routine, non‑cash credit under the issuer's Director Deferred Compensation Plan where a portion of the director retainer is converted to stock equivalents. The filing specifies the equivalents carry no fixed exercise or expiration dates and convert to common shares on retirement, indicating delayed equity exposure rather than immediate saleable stock.

This is informational for shareholders tracking insider alignment; it does not reflect an open‑market purchase or sale and therefore has limited immediate market impact.

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.

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		195.624		(2)	(2)	Common Stock	195.624	$36.35	1,784.597	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	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 BRBR director Elliot Stein Jr. report on Form 4?

He reported a credit of 195.624 common stock equivalents on 10/01/2025 under the company's Director Deferred Compensation Plan.

How many shares does Elliot Stein Jr. beneficially own after the reported transaction (BRBR)?

The Form 4 shows he beneficially owns 1,784.597 shares of BRBR common stock following the transaction.

What is the reported per‑share value of the stock equivalents?

The filing lists a per‑share value of $36.35 for the stock equivalents.

When do the stock equivalents convert to actual BRBR shares?

The stock equivalents are distributed one‑for‑one in common stock upon the reporting person's retirement from the Board of Directors.

Does the Form 4 indicate any market purchases or sales by the director?

No. The entry is a non‑cash credit (deferred compensation) and not an open‑market trade.