W.K. Kellogg Foundation Trust and W.K. Kellogg Foundation filed Amendment No. 49 to Schedule 13G reporting their beneficial ownership in Kellanova (K).
As of September 30, 2025, they beneficially own 45,097,438 shares of Kellanova common stock, representing 13.0% of the class, based on 347,669,200 shares outstanding as of June 28, 2025 as cited from the company’s Form 10‑Q. The filing lists shared voting power over 45,097,438 shares and shared dispositive power over 45,097,438 shares, with no sole voting or dispositive power.
The Trust’s current individual trustees are Steven A. Cahillane, La June Montgomery Tabron, and Richard M. Tsoumas. Under the Trust agreement, if trustees cannot reach a majority decision (including the corporate trustee), the Foundation may direct the vote, and it can approve successor trustees and remove trustees subject to limits; therefore, the Foundation may be deemed to beneficially own the shares.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 49)
Kellanova
(Name of Issuer)
Common Stock, $0.25 par value per share
(Title of Class of Securities)
487836108
(CUSIP Number)
09/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
487836108
1
Names of Reporting Persons
W.K. KELLOGG FOUNDATION TRUST
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MICHIGAN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
45,097,438.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
45,097,438.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
45,097,438.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
487836108
1
Names of Reporting Persons
W.K. KELLOGG FOUNDATION
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MICHIGAN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
45,097,438.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
45,097,438.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
45,097,438.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
13.0 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Kellanova
(b)
Address of issuer's principal executive offices:
412 N. Wells Street Chicago, Illinois 60654
Item 2.
(a)
Name of person filing:
W.K. Kellogg Foundation Trust
W.K. Kellogg Foundation
This Schedule 13G is being filed as Amendment No. 49 to the Schedule 13G dated April 23, 1979 filed on behalf of Harris Trust and Savings Bank, Lyle C. Roll, Russell G. Mawby and William V. Bailey as trustees of the W.K. Kellogg Foundation Trust (the "Trust") with respect to shares of common stock, $.25 par value per share (the "Shares"), of Kellanova.
This Amendment No. 49 is being filed by the Trust on behalf of itself and W.K. Kellogg Foundation (the "Foundation"), as sole beneficiary of the Trust. Steven A. Cahillane, La June Montgomery Tabron and Richard M. Tsoumas are the three individual trustees of the Trust as of September 30, 2025.
A separate Schedule 13G is being filed by The Northern Trust Corporation, as parent holding company for The Northern Trust Company, the sole corporate trustee of the Trust.
Under the agreement governing the Trust, if a majority of the trustees of the Trust (which majority must include the corporate trustee) cannot agree on how to vote the Shares, the Foundation has the power to direct the voting of such stock. In addition, the Foundation has the power to approve successor trustees and to remove trustees of the Trust, subject to certain limitations. As such, the Foundation may be deemed to beneficially own the Shares held in the Trust for purposes of Section 13(d) of the Act.
(b)
Address or principal business office or, if none, residence:
Person Filing: Address
W.K. Kellogg Foundation Trust: One Michigan Avenue East
Battle Creek, MI 49017-4058
W.K. Kellogg Foundation: One Michigan Avenue East
Battle Creek, MI 49017-4058
(c)
Citizenship:
W.K. Kellogg Foundation Trust: -A Michigan Trust
W.K. Kellogg Foundation: -A Michigan Nonprofit Corporation
(d)
Title of class of securities:
Common Stock, $0.25 par value per share
(e)
CUSIP No.:
487836108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of September 30, 2025, the Trust and the Foundation beneficially own 45,097,438 Shares, or 13.0% of the Shares based on 347,669,200 Shares outstanding as of June 28, 2025 as reported in the Quarterly Report on Form 10-Q filed by Kellanova with the Securities and Exchange Commission on July 31, 2025.
(b)
Percent of class:
See each cover page hereof.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See each cover page hereof.
(ii) Shared power to vote or to direct the vote:
See each cover page hereof.
(iii) Sole power to dispose or to direct the disposition of:
See each cover page hereof.
(iv) Shared power to dispose or to direct the disposition of:
See each cover page hereof.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
W.K. KELLOGG FOUNDATION TRUST
Signature:
/s/ Marina Jaudenes
Name/Title:
Marina Jaudenes, Senior Vice President, THE NORTHERN TRUST COMPANY, as corporate trustee
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