[Form 4] CONAGRA BRANDS INC. Insider Trading Activity

Rhea-AI Filing Summary

Director Thomas K. Brown purchased 10,000 shares of Conagra Brands, Inc. common stock on 10/07/2025 at a reported price of $18.72 per share. After the purchase, the director beneficially owns 60,167 shares; that total includes 317 shares acquired through dividend reinvestment since the last report. The transaction was reported on the Form 4 filed by a single reporting person and signed by an attorney-in-fact on 10/09/2025.

This filing records an open-market purchase by an independent director rather than an option exercise or company grant; the purchase increases the director's direct holdings and signals continued insider accumulation at the disclosed price point.

Positive

• 10,000-share purchase at $18.72 increases director alignment with shareholders
• Total beneficial ownership of 60,167 shares demonstrates meaningful insider stake
• 317 shares acquired via dividend reinvestment shows ongoing passive accumulation

Negative

• None.

Insights

Corporate Governance Analyst

Director purchased 10,000 shares, raising direct holdings to 60,167 shares.

The director executed an outright purchase of $18.72 common shares on 10/07/2025, increasing direct beneficial ownership to 60,167 shares. The filing notes 317 shares were added via dividend reinvestment since the prior report, showing both active purchase and passive accumulation.

This is a routine insider-buy signal from a director rather than a compensation event; monitor any subsequent filings for additional purchases or sales within 30-90 days to see if this represents a one-off purchase or a pattern.

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
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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^*

BROWN THOMAS K

(Last) (First) (Middle)

C/O CONAGRA BRANDS, INC.

222 W. MERCHANDISE MART PLAZA, STE. 1300

(Street)

CHICAGO IL 60654

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CONAGRA BRANDS INC. [ CAG ]

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)
10/07/2025

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
Common Stock	10/07/2025		P		10,000	A	$18.72	60,167(1)	D

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

Explanation of Responses:

1. Includes 317 shares acquired through dividend reinvestment since the date of the Reporting Person's last report.

	/s/ McLaurin Files, Attorney-in-Fact	10/09/2025
	** 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 did Conagra Brands director Thomas K. Brown purchase on 10/07/2025 (CAG)?

The director purchased 10,000 shares of common stock at $18.72 per share on 10/07/2025.

How many Conagra (CAG) shares does the reporting director own after the transaction?

Following the reported purchase, the director beneficially owns 60,167 shares.

Does the Form 4 show any derivative transactions for CAG by the reporting person?

No. The Form 4 lists only a non-derivative common stock purchase and shows no derivative securities acquired or disposed.

Were any shares acquired through dividend reinvestment noted in the filing?

Yes. The filing states that 317 shares were acquired through dividend reinvestment since the last report.

Who filed the Form 4 for the director and when was it signed?

The Form 4 was filed as a single reporting person filing and was signed by an attorney-in-fact on 10/09/2025.