BellRing Brands (BRBR) director boosts stake via deferred stock equivalents

Rhea-AI Filing Summary

BellRing Brands, Inc. director reports deferred stock compensation. A company director elected to defer board retainer fees into BellRing Brands common stock equivalents under the company’s Deferred Compensation Plan for Directors.

On 12/31/2025, the director was credited with 1,247.006 common stock equivalents at a reference price of $26.73 per equivalent. Following this transaction, the director beneficially owns 5,313.206 common stock equivalents on a direct basis. These equivalents are credited quarterly and will be settled one-for-one in BellRing Brands common stock when the director retires from the Board. The common stock equivalents have no fixed exercisable or expiration 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 MO 63105

(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)
12/31/2025

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)	12/31/2025		A		1,247.006		(2)	(2)	Common Stock	1,247.006	$26.73	5,313.206	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	01/05/2026
	** 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.

FAQ

What insider transaction did BellRing Brands (BRBR) disclose in this Form 4?

A BellRing Brands director deferred board retainer fees into common stock equivalents under the company’s Deferred Compensation Plan for Directors and reported the resulting holdings.

How many BellRing Brands (BRBR) stock equivalents were credited to the director?

On 12/31/2025, the director was credited with 1,247.006 common stock equivalents of BellRing Brands, Inc. common stock.

What is the director’s total beneficial ownership after this BellRing Brands (BRBR) transaction?

After the reported transaction, the director beneficially owns 5,313.206 common stock equivalents of BellRing Brands, Inc. common stock on a direct basis.

At what price were the BellRing Brands (BRBR) stock equivalents credited?

The common stock equivalents were credited at a reference price of $26.73 per equivalent, as shown in the derivative securities table.

When will the BellRing Brands (BRBR) common stock equivalents be delivered to the director?

The filing states that the value of the stock equivalents will be distributed on a one-for-one basis in BellRing Brands common stock upon the director’s retirement from the Board of Directors.

Do the BellRing Brands (BRBR) common stock equivalents have an expiration date?

No. The filing notes that the common stock equivalents have no fixed exercisable or expiration dates.

How frequently are BellRing Brands (BRBR) stock equivalents credited under the director deferred plan?

The director is credited with stock equivalents on a quarterly basis, as soon as administratively practical after the quarter in which the retainer is earned.