WK Kellogg Co (KLG): ownership update. W.K. Kellogg Foundation Trust and W.K. Kellogg Foundation filed Amendment No. 2 to Schedule 13G stating that, as of September 30, 2025, they no longer beneficially own any shares of WK Kellogg Co common stock. The filing shows 0.00 shares and 0.0% of the class with no sole or shared voting or dispositive power, characterizing this as an exit filing.
The Trust originally acquired WK Kellogg Co shares on October 2, 2023 through the pro rata spin-off from Kellanova. The amendment lists the Trust’s governance structure and notes that the Foundation could be deemed a beneficial owner under certain circumstances, but both now report zero ownership.
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Insights
Amended 13G reports a full exit to 0% ownership.
W.K. Kellogg Foundation Trust and the W.K. Kellogg Foundation report 0.00 shares and 0.0% beneficial ownership of WK Kellogg Co as of September 30, 2025. This is explicitly described as an exit filing, with no sole or shared voting or dispositive power.
This change follows shares acquired on October 2, 2023 via the Kellanova spin-off. The filing focuses on current ownership status; it does not detail transactions leading to zero holdings or any cash proceeds.
Because this is a disclosure of ownership now at zero rather than a corporate action, the direct impact depends on prior holder status and market absorption, which this excerpt does not quantify.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did W.K. Kellogg Foundation Trust report about WK Kellogg Co (KLG)?
They filed an amended Schedule 13G stating they beneficially own 0.00 shares, or 0.0%, as of September 30, 2025.
Is this a Schedule 13G exit filing for KLG?
Yes. The filing states it is an exit filing for both the Trust and the Foundation.
When were the original shares of WK Kellogg Co acquired by the Trust?
The Trust acquired shares on October 2, 2023 via Kellanova’s pro rata spin-off of WK Kellogg Co.
How much voting power do the filers report over KLG shares?
They report no sole or shared voting power and no dispositive power over any shares.
Who are the trustees associated with the Trust?
The trustees are Steven A. Cahillane, La June Montgomery Tabron, Richard M. Tsoumas, and The Northern Trust Company.
What class of securities does the filing cover for KLG?
It covers Common Stock, $0.0001 par value per share, CUSIP 92942W107.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
WK Kellogg Co
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
92942W107
(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.
92942W107
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
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
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)
0.0 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
92942W107
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
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
0.00
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)
0.00 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
WK Kellogg Co
(b)
Address of issuer's principal executive offices:
One Kellogg Square Battle Creek, Michigan 49016-3599
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. 2 to the Schedule 13G dated February 8, 2024 filed by the W.K. Kellogg Foundation Trust (the "Trust") on behalf of itself and W.K. Kellogg Foundation (the "Foundation"), as sole beneficiary of the Trust, with respect to shares of common stock, $.0001 par value per share, of WK Kellogg Co (the "Shares"). Steven A. Cahillane, La June Montgomery Tabron, Richard M. Tsoumas and The Northern Trust Company are the trustees of the Trust.
Under the agreement governing the Trust, if a majority of the trustees of the Trust 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.
The Shares reported herein were acquired by the Trust on October 2, 2023 in connection with the spin-off of WK Kellogg Co by Kellanova (formerly known as Kellogg Company), whereby Kellanova made a pro rata distribution of WK Kellogg Co Shares to the Kellanova stockholders.
(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, $0.0001 par value per share
(e)
CUSIP No.:
92942W107
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 no longer beneficially own any Shares. This filing represents an exit filing for the Trust and the Foundation.
(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:
The Trust and Foundation no longer beneficially own any Shares.
(ii) Shared power to vote or to direct the vote:
The Trust and Foundation no longer beneficially own any Shares.
(iii) Sole power to dispose or to direct the disposition of:
The Trust and Foundation no longer beneficially own any Shares.
(iv) Shared power to dispose or to direct the disposition of:
The Trust and Foundation no longer beneficially own any Shares.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
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
