CAL-MAINE director granted 1,301 restricted shares

Highfield Michael J reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Highfield Michael J reported acquisition or exercise transactions in this Form 4 filing.

CAL-MAINE FOODS INC director Michael J. Highfield received a grant of 1,301 shares of common stock as equity compensation. The award is structured as time-vesting restricted stock and will fully vest on January 12, 2029, aligning his ownership directly with long-term shareholder interests.

Insider Trade Summary

Grant/Award: 1,301 shares

Grant/Award 1 txn

Insider Highfield Michael J

Role OUTSIDE DIRECTOR

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,301	$0.00	$0.00

Holdings After Transaction: Common Stock — 1,301 shares (Direct)

Footnotes (1)

1. F1. Represents a grant of time-vesting restricted stock, which will vest on January 12, 2029.

Key Figures

Restricted stock grant: 1,301 shares Price per share: $0.0000 per share Shares after transaction: 1,301 shares +1 more

4 metrics

Restricted stock grant 1,301 shares Time-vesting award to director Michael J. Highfield

Price per share $0.0000 per share Indicates stock granted as compensation

Shares after transaction 1,301 shares Total direct holdings following grant

Vesting date January 12, 2029 Time-vesting restricted stock vesting date

Key Terms

restricted stock, time-vesting, Grant, award, or other acquisition, beneficial ownership

4 terms

restricted stock financial

"Represents a grant of time-vesting restricted stock, which will vest on January 12, 2029."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

time-vesting financial

"Represents a grant of time-vesting restricted stock, which will vest on January 12, 2029."

Time-vesting is a schedule that gives someone the right to a stock option, restricted share, or other award gradually over a set period rather than all at once; the recipient only “earns” portions of the grant as time passes. For investors, time-vesting matters because it affects when new shares can enter the market, how long employees have incentives to stay and perform, and the timing of potential dilution or insider selling—think of it like receiving paychecks of ownership instead of a lump-sum grant.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

beneficial ownership financial

"total_shares_following_transaction": "1301.0000""

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

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

What insider transaction did CALM director Michael J. Highfield report?

Michael J. Highfield reported receiving 1,301 shares of CAL-MAINE FOODS common stock. The Form 4 shows this as a grant or award rather than an open-market purchase, reflecting equity-based compensation for his role as an outside director.

Was the CALM insider transaction a stock purchase or a grant?

The transaction was a grant of restricted stock, not an open-market purchase. Form 4 code A identifies it as a grant, award, or other acquisition with a price per share of $0.0000, indicating compensation rather than cash investment.

When will Michael J. Highfield’s CALM restricted stock vest?

The 1,301 shares granted to Michael J. Highfield are time-vesting restricted stock. According to the filing footnote, these shares will vest on January 12, 2029, meaning he generally must remain eligible through that date to receive them fully.

How many CALM shares does Michael J. Highfield hold after this transaction?

After the reported grant, Michael J. Highfield holds 1,301 shares of CAL-MAINE FOODS common stock directly. The Form 4 indicates this total as his direct beneficial ownership following the equity award transaction disclosed in the filing.

Did CALM’s Michael J. Highfield sell any shares in this Form 4 filing?

No shares were sold in this filing. The Form 4 shows only one transaction coded as A, a grant or award acquisition of 1,301 restricted shares, with no reported dispositions, sales, gifts, or tax-withholding transactions on the transaction date.

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

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Accepted by SEC EDGAR 06/24/2026 - 05:04 PM EDT 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^*

Highfield Michael J

(Last) (First) (Middle)

1052 HIGHLAND COLONY PKWY

SUITE 200

(Street)

RIDGELAND MISSISSIPPI 39157

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CAL-MAINE FOODS INC [ CALM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

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
Common Stock(1)	06/23/2026		A		1,301	A	$0	1,301	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. Represents a grant of time-vesting restricted stock, which will vest on January 12, 2029.

Remarks:

	/s/Robert L. Holladay, Jr., on behalf of Michael J. Highfield, pursuant to a power of attorney	06/24/2026
	** 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)