[Form 4] Kimberly-Clark Corp. Insider Trading Activity

Rhea-AI Filing Summary

Kimberly-Clark (KMB) Form 4 filing reports that Chief Digital & Technology Officer Zackery A. Hicks sold 15,038 common shares on 08/04/2025. The weighted-average sale price was $133.40 per share, with individual trades executed between $133.38 and $133.48. Following the disposition, Hicks’ direct beneficial ownership decreased to 14,321 shares, down from 29,359, a reduction of roughly 51%. No derivative securities were acquired or disposed of, and no Rule 10b5-1 trading plan was indicated. The filing was submitted by attorney-in-fact Jeffrey S. McFall. Apart from this single sale, the document contains no additional transactions, earnings data or material corporate events.

Positive

• None.

Negative

• Chief Digital & Technology Officer sold 15,038 shares (~51% of prior stake) at $133.40, potentially signaling reduced insider confidence.

Insights

Financial Analyst

TL;DR: CTO sells ~51% of holdings; modestly negative insider signal.

The transaction removes 15,038 shares (≈$2.0 million) from the officer’s position, leaving 14,321 shares. While insider sales can be driven by diversification or liquidity needs, a >50% reduction by a C-suite executive often raises a governance red flag and may be interpreted as diminished confidence in short-term upside. No offsetting purchases or option exercises soften the signal, and the absence of a disclosed 10b5-1 plan suggests discretionary timing. Overall market impact should be limited given KMB’s ~$45 billion market cap, but it could weigh on sentiment among investors who monitor insider trends.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Hicks Zackery A

(Last) (First) (Middle)

P.O. BOX 619100

(Street)

DALLAS TX 75261-9100

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KIMBERLY CLARK CORP [ KMB ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Digital & Technology Off

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

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	08/04/2025		S		15,038	D	$133.4032(1)	14,321	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. This transaction was executed in multiple trades at prices ranging from $133.38 to $133.48. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

	Jeffrey S. McFall as attorney-in-fact for Zackery A. Hicks	08/04/2025
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Kimberly-Clark (KMB) shares did the CTO sell?

He sold 15,038 common shares.

What was the average sale price for the shares?

The weighted-average price was $133.40, with trades between $133.38 and $133.48.

How many KMB shares does the CTO now own?

Post-transaction, he holds 14,321 shares directly.

When did the insider transaction occur?

The sale took place on August 4, 2025.

Were any derivative securities involved in this filing?

No, no derivative securities were acquired or disposed of.