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  4. [Form 4] CAL-MAINE FOODS INC Insider Trading Activity

CALM Chief Strategy Officer acquires 3,800 shares at ~$92.3

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Insider purchases increased Keira L. Lombardo's stake in Cal-Maine Foods (CALM). On 10/02/2025 the Chief Strategy Officer acquired a total of 3,800 shares reported across five purchase transactions at prices between $92.18 and $92.40, and holds 3,738 shares following the trades. The filing states that 2,200 of those shares were purchased by The Lombardo Family Trust and that 938 of the shares are restricted and subject to vesting conditions.

Transactions were reported on a single Form 4 filed by one reporting person with a signature executed by a power of attorney on 10/06/2025. The purchases were non-derivative open-market acquisitions at prices near $92 per share, reflecting a modest insider accumulation rather than a large change in control.

Positive

  • Insider accumulation of 3,800 shares on 10/02/2025 indicates alignment with shareholders
  • Purchases executed via a family trust, showing structured, non-speculative acquisition
  • Restricted shares (938) create vesting-based retention incentives for management

Negative

  • Small absolute size (3,800 shares) is unlikely to materially affect ownership or valuation
  • Restricted shares subject to vesting mean full economic alignment is delayed

Insights

Insider bought shares modestly, strengthening alignment with shareholders.

The Chief Strategy Officer acquired 3,800 shares on 10/02/2025 through several small purchases at prices between $92.18 and $92.40, increasing reported beneficial ownership to 3,738 shares. Purchases made via a family trust and restricted-share grants are common mechanisms for executives to build equity while retaining vesting-based incentives.

Key dependencies include the vesting schedule for the 938 restricted shares and whether future purchases follow the same pattern; these affect how quickly economic exposure increases. Monitor any subsequent filings within the next 30-90 days for additional accumulation or sale activity.

Transactions are small relative to typical institutional blocks and unlikely to move the stock.

The purchases were executed in multiple tranches (including trust purchases) totaling 3,800 shares at ~$92.3 per share. This size suggests personal or family investment rather than signaling a material capital commitment or strategic shift by management.

Market impact is minimal given the share counts; watch for any Form 4 amendments or related party transactions that disclose larger indirect holdings or options becoming exercisable within the next quarter.

Insider Lombardo Keira L
Role Chief Strategy Officer
Bought 2,800 shs ($259K)
Type Security Shares Price Value
Purchase Common Stock 267 $92.37 $25K
Purchase Common Stock 110 $92.39 $10K
Purchase Common Stock 1,823 $92.40 $168K
Purchase Common Stock 500 $92.22 $46K
Purchase Common Stock 100 $92.18 $9K
Holdings After Transaction: Common Stock — 1,205 shares (Direct)
Footnotes (1)
  1. Shares purchased by The Lombardo Family Trust. Includes 938 restricted shares subject to vesting conditions.
Form 4 Insider Transactions: What Each Field Means →
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*
Lombardo Keira L
(Last) (First) (Middle)
1052 HIGHLAND COLONY PKWY
SUITE 200
(Street)
RIDGELAND MS 39157
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CAL-MAINE FOODS INC [ CALM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Strategy Officer
3. Date of Earliest Transaction (Month/Day/Year)
10/02/2025
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 10/02/2025 P(1) 267 A $92.37 1,205 D
Common Stock 10/02/2025 P(1) 110 A $92.39 1,315 D
Common Stock 10/02/2025 P(1) 1,823 A $92.4 3,138 D
Common Stock 10/02/2025 P 500 A $92.22 3,638 D
Common Stock 10/02/2025 P 100 A $92.18 3,738(2) 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. Shares purchased by The Lombardo Family Trust.
2. Includes 938 restricted shares subject to vesting conditions.
/s/ Robert L. Holladay, Jr. on behalf of Keira L. Lombardo pursuant to a power of attorney 10/06/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did CAL-MAINE FOODS (CALM) report on 10/02/2025?

The Chief Strategy Officer purchased a total of 3,800 shares across five transactions on 10/02/2025 at prices between $92.18 and $92.40.

How many CALM shares does Keira L. Lombardo beneficially own after the transactions?

She beneficially owns 3,738 shares following the reported transactions.

Were any of the purchased CALM shares restricted?

Yes; the filing states 938 restricted shares are subject to vesting conditions.

Who purchased the shares reported on the Form 4?

Some shares were purchased by The Lombardo Family Trust, per the filing; the report was filed by one reporting person.

When was the Form 4 for these CALM transactions signed?

The Form 4 was signed via power of attorney on 10/06/2025.