Which entities hold CAMPBELL'S Co (CPB) shares related to this trust filing?

The filing notes shares held by Contango, LP, Quizhou, LP, and Consul FL, LLC. The trust has a pecuniary interest in portions of Contango’s 18,426,809 shares and Quizhou’s 4,271,414 shares, and an indirect beneficial interest in all 17,274,200 shares held by Consul FL, LLC.

Trust tied to Campbell's Co (NYSE: CPB) restructures 17.3M shares

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CAMPBELL'S Co reported a Form 4 for the “Amendment & Restatement of Agreement of Trust of Mary Alice Dorrance Malone dated April 17, 1990” showing an internal restructuring transaction coded J. The trust restructured 17,274,200 shares of common stock at a reference price of $22.27 per share, all held indirectly.

After this change, the reporting trust is shown with 51,045,671 indirect shares of CAMPBELL'S Co common stock. Footnotes explain the trust has only a pecuniary interest in portions of 18,426,809 shares held by Contango, LP and 4,271,414 shares held by Quizhou, LP, with no voting or dispositive power over those entities. The trust holds an indirect beneficial interest in all of the 17,274,200 shares held by Consul FL, LLC, and the restructuring reflects a merger with another Malone trust that increased these indirect interests, rather than an open-market buy or sell.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Amendment & Restatement of Agreement of Trust of Mary Alice Dorrance Malone dated April 17, 1990

Role null

Type	Security	Shares	Price	Value
Other	Common Stock	17,274,200	$22.27	$384.70M

Holdings After Transaction: Common Stock — 51,045,671 shares (Indirect, See Footnote)

Footnotes (1)

Reporting Person holds indirect pecuniary interest in a portion of the 18,426,809 shares of the Issuer held by Contango, LP and in a portion of the 4,271,414 shares of the Issuer held by Quizhou, LP. Reporting Person has no voting power or dispositive power over these entities, and disclaims beneficial ownership in the shares held by Contango and Quizhou, except to the extent of its pecuniary interest therein. Reporting Person holds an indirect beneficial interest in all of the 17, 274,200 shares of the Issuer held by Consul FL, LLC. Reporting Person merged with Trust U/A/D October 14, 2009, of Mary Alice Dorrance Malone, Settlor on March 31, 2026 pursuant to which Reporting Person increased its indirect interests in Issuer.

Key Figures

Restructured shares: 17,274,200 shares Price per share reference: $22.27 per share Indirect holdings after transaction: 51,045,671 shares +3 more

6 metrics

Restructured shares 17,274,200 shares Common Stock, code J other transaction on March 31, 2026

Price per share reference $22.27 per share Common Stock transaction coded J

Indirect holdings after transaction 51,045,671 shares Total indirect CAMPBELL'S Co common shares following transaction

Contango, LP holdings 18,426,809 shares Shares of CAMPBELL'S Co held by Contango, LP mentioned in footnote

Quizhou, LP holdings 4,271,414 shares Shares of CAMPBELL'S Co held by Quizhou, LP mentioned in footnote

Consul FL, LLC holdings 17,274,200 shares Shares of CAMPBELL'S Co held by Consul FL, LLC with indirect beneficial interest

Key Terms

pecuniary interest, dispositive power, indirect beneficial interest, Other acquisition or disposition, +1 more

5 terms

pecuniary interest financial

"Reporting Person holds indirect pecuniary interest in a portion of the 18,426,809 shares..."

dispositive power financial

"Reporting Person has no voting power or dispositive power over these entities..."

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

indirect beneficial interest financial

"Reporting Person holds an indirect beneficial interest in all of the 17, 274,200 shares..."

Other acquisition or disposition financial

"transaction_code_description": "Other acquisition or disposition""

indirect financial

"ownership_type": "indirect""

Form 4 Insider Transactions: What Each Field Means →

05/21/2026 - 12:05 PM

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^*

Amendment & Restatement of Agreement of Trust of Mary Alice Dorrance Malone dated April 17, 1990

(Last)

(First)

(Middle)

605 MAIN STREET, SUITE 212

(Street)

RIVERTON

NEW JERSEY

08077

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CAMPBELL'S Co [ CPB ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/31/2026		J⁽²⁾		17,274,200	A	$22.27	51,045,671	I	See Footnote⁽¹⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reporting Person holds indirect pecuniary interest in a portion of the 18,426,809 shares of the Issuer held by Contango, LP and in a portion of the 4,271,414 shares of the Issuer held by Quizhou, LP. Reporting Person has no voting power or dispositive power over these entities, and disclaims beneficial ownership in the shares held by Contango and Quizhou, except to the extent of its pecuniary interest therein. Reporting Person holds an indirect beneficial interest in all of the 17, 274,200 shares of the Issuer held by Consul FL, LLC.

2. Reporting Person merged with Trust U/A/D October 14, 2009, of Mary Alice Dorrance Malone, Settlor on March 31, 2026 pursuant to which Reporting Person increased its indirect interests in Issuer.

	/s/ Catherine D. Malone, as Trustee of the Mary Alice Dorrance Malone Revocable Trust	05/18/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CAMPBELL'S Co (CPB) report in this Form 4?

CAMPBELL'S Co reported an internal restructuring coded J involving 17,274,200 common shares held indirectly by a Malone family trust. No open-market purchase or sale occurred; the filing reflects changes in how indirect ownership interests are structured.

How many CAMPBELL'S Co (CPB) shares does the reporting trust hold after the transaction?

Following the restructuring, the reporting trust is shown with 51,045,671 indirect shares of CAMPBELL'S Co common stock. This figure represents its total indirect holdings after the merger with another Malone trust increased its indirect ownership interests.

What does transaction code J mean in the CAMPBELL'S Co (CPB) Form 4?

Transaction code J on the CAMPBELL'S Co Form 4 indicates “Other acquisition or disposition,” typically used for restructurings. Here, it captures a trust merger and reallocation of 17,274,200 indirectly held shares, not an open-market trade or routine buy/sell transaction.

Does the reporting trust control voting or sale decisions for CAMPBELL'S Co (CPB) shares?

According to the footnotes, the trust has no voting or dispositive power over the CAMPBELL'S Co shares held by Contango, LP and Quizhou, LP. It disclaims beneficial ownership of those, except to the extent of its pecuniary interest in those positions.

What structural change increased the trust’s indirect interest in CAMPBELL'S Co (CPB)?

The reporting trust merged with the “Trust U/A/D October 14, 2009, of Mary Alice Dorrance Malone” on March 31, 2026. This merger increased the trust’s indirect interests in CAMPBELL'S Co, leading to the 17,274,200-share restructuring reported under code J.