JANA Partners ups Lamb Weston (NYSE: LW) stake with 150K-share buy

Q: At what prices did JANA Partners buy Lamb Weston (LW) shares?

JANA Partners bought Lamb Weston shares at two prices: $42.12 per share for 100,000 shares on April 13, 2026, and $43.19 per share for 50,000 shares on April 15, 2026, according to the Form 4 filing data.

Q: Are JANA Partners’ Lamb Weston (LW) holdings direct or indirect?

The Form 4 shows JANA Partners’ Lamb Weston holdings as indirect . Shares are owned through various accounts under JANA’s management and control, rather than directly, consistent with its role as a private money management firm overseeing client and related investment vehicles.

Q: What type of transactions did JANA Partners execute in Lamb Weston (LW)?

The filing classifies the trades as open-market purchases of non-derivative common stock, coded "P" on Form 4. All reported transactions increased JANA’s indirect holdings, with no sales, gifts, or derivative exercises disclosed in this particular Form 4 data.

Filing Impact

(Very High)

Filing Sentiment

(Very Positive)

Form Type

Rhea-AI Filing Summary

JANA Partners Management, LP, a private money management firm, reported open-market purchases of Lamb Weston Holdings, Inc. common stock. JANA bought 100,000 shares on April 13, 2026 at $42.12 per share and 50,000 shares on April 15, 2026 at $43.19 per share, for a total of 150,000 additional shares.

After these indirect purchases through accounts it manages, JANA reported holding 5,398,980 Lamb Weston shares. JANA, its general partner, and founder Barry Rosenstein each disclaim beneficial ownership of the issuer’s securities except to the extent of any pecuniary interest.

Insider Trade Summary

Net Buyer: 150,000 shares ($6,371,500)

Net Buy 2 txns

Insider JANA Partners Management, LP

Role Director

Bought 150,000 shs ($6.37M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	50,000	$43.19	$2.16M
Purchase	Common Stock, par value $1.00 per share ("Common Stock")	100,000	$42.12	$4.21M

Holdings After Transaction: Common Stock — 5,398,980 shares (Indirect, See footnote); Common Stock, par value $1.00 per share ("Common Stock") — 5,348,980 shares (Indirect, See footnote)

Footnotes (1)

[object Object]

Key Figures

Shares purchased: 150,000 shares Purchase lot 1: 100,000 shares at $42.12 Purchase lot 2: 50,000 shares at $43.19 +2 more

5 metrics

Shares purchased 150,000 shares Total open-market buys reported in April 2026

Purchase lot 1 100,000 shares at $42.12 Open-market purchase on April 13, 2026

Purchase lot 2 50,000 shares at $43.19 Open-market purchase on April 15, 2026

Holdings after trades 5,398,980 shares Indirect Lamb Weston position after reported purchases

Net buy direction 150,000 shares net-buy Transaction summary across reported Form 4 entries

Key Terms

open-market purchase, beneficially owns, pecuniary interest, indirect, +1 more

5 terms

open-market purchase financial

"transaction_action: "open-market purchase" for each common stock trade"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

beneficially owns financial

"JANA ... "beneficially owns the securities reported herein through various accounts""

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

pecuniary interest financial

"they "disclaim any beneficial ownership ... except to the extent of their pecuniary interest""

indirect financial

"direct_or_indirect set to "I" and ownership_type "indirect" for the holdings"

money management firm financial

"JANA is described as "a private money management firm" in the footnote"

Form 4 Insider Transactions: What Each Field Means →

04/15/2026 - 04:41 PM

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^*

JANA Partners Management, LP

(Last)

(First)

(Middle)

888 SEVENTH AVENUE

24TH FLOOR

(Street)

NEW YORK

10106

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lamb Weston Holdings, Inc. [ LW ]

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

X	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/13/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $1.00 per share ("Common Stock")	04/13/2026		P		100,000	A	$42.12	5,348,980	I	See footnote⁽¹⁾
Common Stock	04/15/2026		P		50,000	A	$43.19	5,398,980	I	See footnote⁽¹⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. JANA Partners Management, LP ("JANA" or the "Reporting Person") is a private money management firm which beneficially owns the securities reported herein through various accounts under its management and control. JANA Partners Management GP, LLC (the "GP") is the general partner of JANA. Barry Rosenstein is the Founder of the GP and JANA. Barry Rosenstein, JANA, and the GP disclaim any beneficial ownership of any of the Issuer's securities reported herein except to the extent of their pecuniary interest therein, if any.

Remarks:

The Reporting Person may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934 by virtue of the fact that Scott Ostfeld, a Managing Partner and Portfolio Manager of JANA, currently serves on the board of directors of the Issuer.

	/s/ JANA Partners Management, LP, by Jennifer Fanjiang, Partner, Chief Legal Officer and Chief Compliance Officer	04/15/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did JANA Partners report in Lamb Weston (LW)?

JANA Partners reported open-market purchases of Lamb Weston common stock totaling 150,000 shares. The firm bought 100,000 shares at $42.12 on April 13, 2026, and 50,000 shares at $43.19 on April 15, 2026, increasing its indirect holdings.

At what prices did JANA Partners buy Lamb Weston (LW) shares?

JANA Partners bought Lamb Weston shares at two prices: $42.12 per share for 100,000 shares on April 13, 2026, and $43.19 per share for 50,000 shares on April 15, 2026, according to the Form 4 filing data.

How many Lamb Weston (LW) shares does JANA Partners hold after these trades?

Following the reported purchases, JANA Partners’ accounts collectively hold 5,398,980 Lamb Weston common shares indirectly. This figure reflects the total position after acquiring the additional 150,000 shares disclosed in the recent open-market transactions.

Are JANA Partners’ Lamb Weston (LW) holdings direct or indirect?

The Form 4 shows JANA Partners’ Lamb Weston holdings as indirect. Shares are owned through various accounts under JANA’s management and control, rather than directly, consistent with its role as a private money management firm overseeing client and related investment vehicles.

How does JANA Partners describe its ownership of Lamb Weston (LW) shares?

JANA Partners, its general partner, and founder Barry Rosenstein disclaim beneficial ownership of Lamb Weston securities except to the extent of any pecuniary interest. The filing notes that JANA beneficially owns the reported securities through various managed accounts under its control.

What type of transactions did JANA Partners execute in Lamb Weston (LW)?

The filing classifies the trades as open-market purchases of non-derivative common stock, coded "P" on Form 4. All reported transactions increased JANA’s indirect holdings, with no sales, gifts, or derivative exercises disclosed in this particular Form 4 data.