[Form 4] Dine Brands Global, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Vance Y. Chang, Chief Financial Officer of Dine Brands Global, Inc. (DIN), purchased 2,340 shares of the company's common stock on 08/21/2025 at a reported price of $21.10 per share. After the transaction, Mr. Chang beneficially owned 54,130 shares, held directly. The Form 4 was signed by Christine K. Son as attorney-in-fact for Mr. Chang on 08/21/2025. No derivative transactions or additional explanations were reported on the form.

Positive

• CFO purchased 2,340 shares at $21.10 on 08/21/2025, increasing direct ownership to 54,130 shares.
• Form 4 was properly filed and signed by an attorney-in-fact, indicating compliance with Section 16 reporting rules.

Negative

• None.

Insights

Financial Analyst

TL;DR: A direct purchase by the CFO signals modest insider confidence but is not large enough to be materially conclusive.

The reported purchase of 2,340 shares at $21.10 increases the CFO's direct stake to 54,130 shares. For most public companies, this size of purchase is modest and unlikely to shift valuation models or institutional sentiment materially. It does, however, represent an alignment of management with shareholder interests and may be viewed as a small positive signal by retail investors. No options, grants, or dispositions were reported that would change the interpretation.

Corporate Governance Expert

TL;DR: Insider purchase disclosed correctly; filing shows routine compliance and no governance red flags.

The Form 4 discloses a straightforward open-market acquisition by the CFO and was timely signed by an attorney-in-fact. There are no indications of related-party transactions, derivative exercises, or unusual timing in the filing. From a governance perspective, this is a routine disclosure that meets Section 16 reporting requirements and does not raise immediate compliance concerns.

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^*

Chang Vance YuWen

(Last) (First) (Middle)

10 WEST WALNUT STREET

5TH FLOOR

(Street)

PASADENA CA 91103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Dine Brands Global, Inc. [ DIN ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/21/2025

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	08/21/2025		P		2,340	A	$21.1	54,130	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:

	/s/ Christine K. Son as attorney-in-fact for Vance Y. Chang	08/21/2025
	** 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 Dine Brands (DIN) CFO Vance Chang report on Form 4?

The CFO reported a purchase of 2,340 shares on 08/21/2025 at a price of $21.10, resulting in 54,130 shares beneficially owned.

Was the Form 4 for Vance Chang signed and when?

Yes. The Form 4 was signed by Christine K. Son as attorney-in-fact for Vance Y. Chang on 08/21/2025.

Did the Form 4 report any derivative transactions or dispositions?

No. The filing shows only a non-derivative acquisition (purchase) and does not list any derivative transactions or dispositions.

How much did the CFO pay per share for the reported purchase?

The reported purchase price was $21.10 per share.

Does the Form 4 indicate indirect ownership or other special arrangements?

No. The Form 4 indicates direct (D) ownership and does not list any indirect ownership or special arrangements.