[Form 4] KinderCare Learning Companies, Inc. Insider Trading Activity

Rhea-AI Filing Summary

KinderCare Learning Companies, Inc. CEO John T. Wyatt reported significant recent equity activity in the company’s stock. He made open-market purchases of a combined 494,118 shares of common stock on March 17 and March 18 at weighted average prices of $1.96 and $2.07 per share, bringing his direct common stock holdings to 1,037,834 shares.

On March 16, he also received 472,222 shares of common stock as a grant at no cost and was granted stock options for 1,180,555 shares of common stock with a conversion price of $1.84 per share, expiring on March 16, 2031. The options vest 25% after one year and then quarterly until fully vested on the fourth anniversary, subject to continued service.

Insights

Equity compensation and governance analyst

CEO combines large open-market buying with sizable new equity grants.

The CEO of KinderCare Learning Companies purchased 494,118 common shares in the open market and now directly holds 1,037,834 shares. Open-market purchases (code P) are active decisions, typically viewed as a stronger signal than automatic or tax-related transactions.

In addition, he received 472,222 restricted shares and options on 1,180,555 shares at an exercise price of $1.84, expiring in 2031. These awards vest over four years, tying a substantial portion of his compensation to the company’s long-term share performance and continued service.

The net effect is a higher direct ownership stake plus a large multi-year option position. While this aligns management incentives with shareholders, the economic impact for investors depends on future company performance and any dilution from option exercises, which is not quantified in this data alone.

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

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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^*

Wyatt John T.

(Last) (First) (Middle)

C/O KINDERCARE LEARNING COMPANIES, INC.

5005 MEADOWS ROAD

(Street)

LAKE OSWEGO OREGON 97035

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KinderCare Learning Companies, Inc. [ KLC ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/16/2026		A		472,222	A	$0	543,716	D
Common Stock	03/17/2026		P		219,118	A	$1.96(1)	762,834	D
Common Stock	03/18/2026		P		275,000	A	$2.07(2)	1,037,834	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
Stock Options (Right to Buy)	$1.84	03/16/2026		A		1,180,555		(3)	03/16/2031	Common Stock	1,180,555	$1.84	1,180,555	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.92 to $1.98, inclusive. The Reporting Person undertakes to provide to KinderCare Learning Companies Inc., any security holder of KinderCare Learning Companies, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.96 to $2.18, inclusive.

3. The options vests as to twenty-five percent (25%) of the award on the first anniversary of the grant date and as to the remainder vests ratably on each quarterly anniversary thereafter, such that one hundred percent (100%) of the award will be fully vested on the fourth anniversary of the grant date, generally subject to the Reporting Person's continued status as a service provider through the applicable vesting dates.

	/s/ Anthony Amandi, Attorney-in-Fact	03/18/2026
	** 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).
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* Form 4: SEC 1474 (03-26)