Kellanova Insider Filing: W.K. Kellogg Trust Adds $36.6M Stock Sale

Rhea-AI Filing Summary

Kellanova (K) Form 144 discloses that long-time shareholder W.K. Kellogg Foundation Trust plans to sell an additional 458,332 common shares through BofA Securities on or after 08-07-2025. At the recent market price used in the filing, the block is valued at $36.65 million.

The Trust has already sold 12 identical blocks of 114,583 shares between 05-07-2025 and 07-28-2025, totaling roughly 1.375 million shares and ≈$111 million in gross proceeds. Including the new notice, sales over the rolling three-month window would reach ≈1.83 million shares, or ≈0.53 % of Kellanova’s 345.2 million shares outstanding. The Trust acquired the stock via gifts and bequests dating back to 1970.

No officers or directors are named; therefore the filing reflects non-insider, charitable trust selling. While the percentage is modest, continued weekly liquidity events could create a short-term supply overhang and may be interpreted as incremental selling pressure.

Positive

• Sale represents only ~0.13 % of shares outstanding, limiting dilution or control concerns.
• Seller is a charitable trust, not management, reducing adverse signaling about company fundamentals.

Negative

• Total blocks sold in last three months reach ~0.53 % of float, potentially creating near-term supply pressure.
• Persistent weekly selling pattern may weigh on technical sentiment until completed.

Insights

Securities Analyst

TL;DR: Charitable trust plans new $36.6 m sale; cumulative three-month disposals 0.53 % of float—small but persistent supply.

The W.K. Kellogg Foundation Trust has filed to sell another 458 k shares after unloading 1.375 m since May. Although the Trust is not company management, its regular block sales add incremental volume equal to roughly two average trading days and could weigh on short-term price dynamics. The stake reduction remains immaterial to control—float impact is under 1 %—so governance and long-term fundamentals remain unchanged. I view the disclosure as neutral with a mild negative trading angle for near-term technicals.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	B of A Securities, Inc. One Bryant Park, 5th FL New York NY 49016-3599	458332	36652810.04	345215923	08/07/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/01/1970	Gifts and Bequest To The W.K. Kellogg Foundation Trust	W.K. Kellogg			458332	01/01/1970	Gifts and Bequest To The W.K. Kellogg Foundation Trust

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek MI 49016-359	Common	05/07/2025	114583	9459743.31
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek MI 49016-359	Common	05/14/2025	114583	9372224.82
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek MI 49016-359	Common	05/21/2025	114583	9423764.25
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek MI 49016-359	Common	05/28/2025	114583	9440138.16
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek MI 49016-359	Common	06/09/2025	114583	9382972.70
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek MI 49016-359	Common	06/17/2025	114583	9188445.14
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek MI 49016-359	Common	06/23/2025	114583	8985106.15
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek MI 49016-359	Common	06/30/2025	114583	9094601.67
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek, MI 49016-359	Common	07/07/2025	114583	9129847.40
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek MI 49016-359	Common	07/14/2025	114583	9114413.07
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek MI 49016-359	Common	07/21/2025	114583	9157473.36
W.K. Kellogg Foundation Trust One Kellogg PO Box 3599 Battle Creek MI 49016-359	Common	07/28/2025	114583	9142382.78

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)