McDonald's Executive Continues Stock Sales: What Investors Should Know

Rhea-AI Filing Summary

McDonald's Form 144 filing details proposed sale of securities by insider Joseph Erlinger. The filing indicates a planned sale of 939 shares of common stock with an aggregate market value of $269,924.94 through Morgan Stanley Smith Barney LLC on the NYSE, scheduled for June 23, 2025.

The shares were originally acquired on March 8, 2020, as Performance Restricted Stock Units from the issuer. The filing also discloses previous 10b5-1 plan sales by Erlinger over the past three months:

• May 23, 2025: 939 shares sold for $295,850.73
• April 23, 2025: 939 shares sold for $299,071.50
• March 24, 2025: 939 shares sold for $287,615.70

Total outstanding shares reported: 715,032,727. This planned transaction appears to be part of a systematic selling program under Rule 10b5-1, with consistent monthly sales of the same share amount.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	939	269924.94	715032727	06/23/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/08/2020	Performance Restricted Stock Units	Issuer			939	03/08/2020	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for JOSEPH ERLINGER 110 North Carpenter Street Chicago IL 60607	Common	05/23/2025	939	295850.73
10b5-1 Sales for JOSEPH ERLINGER 110 North Carpenter Street Chicago IL 60607	Common	04/23/2025	939	299071.50
10b5-1 Sales for JOSEPH ERLINGER 110 North Carpenter Street Chicago IL 60607	Common	03/24/2025	939	287615.70

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many MCD shares is Joseph Erlinger planning to sell according to the June 2025 Form 144?

According to the Form 144 filing, Joseph Erlinger plans to sell 939 shares of McDonald's common stock with an aggregate market value of $269,924.94 through Morgan Stanley Smith Barney LLC.

What is the recent trading history of MCD shares by Joseph Erlinger in 2025?

Over the past 3 months, Joseph Erlinger executed three 10b5-1 planned sales:
- May 23, 2025: 939 shares for $295,850.73
- April 23, 2025: 939 shares for $299,071.50
- March 24, 2025: 939 shares for $287,615.70

How did Joseph Erlinger originally acquire the MCD shares being sold?

The shares being sold were originally acquired on March 8, 2020, through Performance Restricted Stock Units (PRSUs) granted by McDonald's Corporation (the Issuer). The acquisition was for 939 shares.

What is the total number of MCD shares outstanding as of June 2025?

According to the Form 144 filing, McDonald's Corporation had 715,032,727 shares outstanding at the time of the filing in June 2025.

Where and when does Joseph Erlinger plan to execute the MCD stock sale?

The planned sale of 939 MCD shares is expected to be executed on the New York Stock Exchange (NYSE) with an approximate sale date of June 23, 2025, through broker Morgan Stanley Smith Barney LLC's Executive Financial Services division.