McDonald’s (MCD) Form 144: Insider sale of 2,626 shares after option exercise

Rhea-AI Filing Summary

McDonald's reported a Form 144 notice to sell 2,626 shares of Common Stock. The filing states the sale date as 03/10/2026 and lists the shares as resulting from an exercise of stock options with proceeds in cash. Recent 10b5-1 sales by Joseph Erlinger are shown as 01/12/2026 2,626 shares, 02/10/2026 2,626 shares and 02/23/2026 333 shares.

Insights

Securities Compliance Analyst

Form 144 registers a planned resale of 2,626 common shares following an option exercise.

The notice explicitly lists 2,626 shares to be sold on 03/10/2026, described as resulting from an exercise of stock options and processed for cash. This is a standard resale filing under Section 144.

Prior 10b5-1 sales by Joseph Erlinger are provided for context: 01/12/2026 2,626 shares, 02/10/2026 2,626 shares, and 02/23/2026 333 shares. Cash-flow treatment and any broker details are the only sale mechanics disclosed in the excerpt.

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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	2626	868680.80	710398642	03/10/2026	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	03/10/2026	Exercise of Stock Options	Issuer			2626	03/10/2026	Cash

* 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	02/23/2026	333	110033.19
10b5-1 Sales for JOSEPH ERLINGER 110 North Carpenter Street Chicago IL 60607	Common	02/10/2026	2626	854106.50
10b5-1 Sales for JOSEPH ERLINGER 110 North Carpenter Street Chicago IL 60607	Common	01/12/2026	2626	805068.58

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

What does McDonald's Form 144 for 2,626 shares mean?

It notifies the SEC of a proposed resale of 2,626 shares of common stock on 03/10/2026. The filing states the shares arise from an exercise of stock options and the sale is to be for cash.

Who conducted the recent sales listed in the filing?

The excerpt lists 10b5-1 sales by Joseph Erlinger on 01/12/2026 (2,626 shares), 02/10/2026 (2,626 shares), and 02/23/2026 (333 shares). These appear as prior resale activity.

Are the 2,626 shares being sold newly issued or from exercised options?

The filing states the 2,626 shares are from an exercise of stock options, indicating the shares were acquired through option exercise prior to the proposed resale on 03/10/2026.

Will McDonald's receive the proceeds from this sale?

The excerpt labels the transaction method as Cash and the issuer is listed in connection with the exercise; the filing text ties the shares to option exercise and a cash sale, but explicit proceeds allocation language is not provided in the excerpt.

Does the filing show any trading plan governing these sales?

The document lists prior transactions as 10b5-1 sales for Joseph Erlinger, indicating some sales were executed under a trading plan. The proposed 03/10/2026 sale is shown separately as resulting from an option exercise.