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

Rhea-AI Filing Summary

Paul Dana Thompson, identified as an officer (Chief Executive Officer) and director of KinderCare Learning Companies, Inc. (KLC), reported a transaction dated 08/26/2025. The form discloses a non-derivative sale of 1,208 shares of Common Stock at $7.31 per share, with the filing showing 922,955 shares beneficially owned by the reporting person after the transaction. The explanatory note states the shares were withheld by the issuer to satisfy tax withholding in connection with the vesting of restricted stock units. The Form 4 is signed by an attorney-in-fact, Anthony Amandi, on behalf of the reporting person.

Insights

Corporate Governance Expert

TL;DR: Routine tax-withholding sale by the CEO resulting from RSU vesting; standard administrative disclosure with limited governance implications.

The transaction is presented as a share withholding to cover tax obligations from the vesting of restricted stock units rather than an open-market sale for liquidity or diversification. Such withholdings are a common administrative mechanism and typically do not reflect a change in insider confidence or corporate control. The report confirms post-transaction beneficial ownership of 922,955 shares, which remains materially intact. The use of an attorney-in-fact to sign the Form 4 is noted but is a regular practice for administrative filings.

Securities Analyst

TL;DR: Small, routine disposition of 1,208 shares at $7.31 for tax withholding; immaterial to overall insider stake and company capitalization.

The sale quantity (1,208 shares) represents a very small fraction of the reported beneficial holding (922,955 shares), and the stated purpose—tax withholding on RSU vesting—explains the disposition without implying a change in investment stance. Transaction price is recorded at $7.31 per share. From a market-impact perspective, the transaction is immaterial and is appropriately disclosed on Form 4.

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^*

Thompson Paul Dana

(Last) (First) (Middle)

C/O KINDERCARE LEARNING COMPANIES, INC.

5005 MEADOWS ROAD

(Street)

LAKE OSWEGO OR 97035

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/26/2025

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	08/26/2025		F		1,208(1)	D	$7.31	922,955	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:

1. Shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of restricted stock units.

	/s/ Anthony Amandi, Attorney-in-Fact	08/26/2025
	** 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).
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