[Form 4] General Mills, Inc. Insider Trading Activity

Rhea-AI Filing Summary

General Mills (GIS) Form 4 filing dated 07/02/2025 discloses routine equity transactions by Group President Jonathan Nudi. On 06/30/2025 Nudi’s spouse indirectly acquired 1,086 common shares at a stated price of $0.00, increasing the family’s indirect holding to 17,700.164 shares. Direct ownership remains at 137,716.139 shares, while a trust holds 1,833.98 shares.

The filing also records the award of a non-qualified stock option for 5,429 shares at an exercise price of $51.81. The option vests in four equal annual installments beginning 30 Jun 2026 and expires 30 Jul 2035. All derivative positions are reported as indirectly held by the spouse.

No sale transactions, price-paid cash outflows, or changes to executive roles were reported. The activity represents standard executive compensation and a modest share acquisition that is immaterial relative to General Mills’ share count.

Insights

Financial Analyst

TL;DR: Routine insider option grant and small share acquisition; neutral for valuation.

The Form 4 shows a typical annual equity award—5,429 options at a strike of $51.81—granted to Group President Jonathan Nudi’s spouse. Vesting begins in FY 2026 and aligns with GIS’s long-term incentive cadence, therefore not altering near-term share count or cash flows. The indirect purchase of 1,086 shares at no cost is most likely a dividend reinvestment or similar plan and is negligible versus the executive’s 137k-share direct stake and the company’s ~585 million shares outstanding. There are no dispositions, rule 10b5-1 plan adoptions, or red-flag items such as margin sales. Accordingly, the filing has limited informational value for investors and does not change the investment thesis.

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^*

Nudi Jonathon

(Last) (First) (Middle)

2730 WOOLSEY LANE

(Street)

WAYZATA MN 55391

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GENERAL MILLS INC [ GIS ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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	06/30/2025		A		1,086	A	$0.0	17,700.164	I	by Spouse
Common Stock								137,716.139	D
Common Stock								1,833.98	I	by Trust(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	$51.81	06/30/2025		A		5,429		(2)	07/30/2035	Common Stock	5,429	$0.0	5,429	I	by Spouse

Explanation of Responses:

1. Held in Trust for the benefit of the reporting person's spouse by the Trustee of the General Mills Savings Plan

2. Option vests in four equal annual installments beginning on June 30, 2026.

	By: Christopher A. Rauschl For: Jonathan Nudi	07/02/2025
	** 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

How many General Mills (GIS) shares did Jonathan Nudi acquire on 06/30/2025?

The filing reports an indirect acquisition of 1,086 common shares by Mr. Nudi’s spouse.

What is the size and strike price of the new stock option granted to Jonathan Nudi?

A non-qualified option for 5,429 shares was granted at an exercise price of $51.81.

When do the newly granted GIS stock options begin vesting?

The option vests in four equal annual tranches starting 30 Jun 2026.

What is Jonathan Nudi’s total direct share ownership after these transactions?

Direct ownership remains at 137,716.139 GIS shares.

Does the Form 4 indicate any insider sales by Jonathan Nudi?

No. The filing reports no dispositions; only acquisitions and an option grant.