McDonald’s (MCD) Insider Sells 939 Shares at $288.52 – Minor Impact

McDonald’s Corporation (MCD) Form 4 filing dated 06/23/2025 reveals a routine insider transaction.

Rhea-AI Filing Summary

McDonald’s Corporation (MCD) Form 4 filing dated 06/23/2025 reveals a routine insider transaction. Joseph M. Erlinger, President of McDonald’s USA, sold 939 common shares at $288.52 per share, generating roughly $271,000 in proceeds.

After the sale, Erlinger still directly owns 10,222.12 shares. No derivative security activity, 10b5-1 plan indication, or additional commentary was disclosed. Given McDonald’s ~730 million shares outstanding, the transaction represents less than 0.0002% of shares and is unlikely to be financially material to investors.

Positive

• None.

Negative

• Insider disposes of 939 shares, which can be perceived as a mildly bearish signal, though the amount is immaterial relative to float.

Insights

Financial Analyst

TL;DR: Small insider sale (939 shares) by McD US President; immaterial to valuation, neutral signal.

The filing shows a straightforward open-market sale coded “S.” At roughly $271k, the trade is negligible versus McDonald’s multi-billion-dollar market cap and Erlinger’s remaining 10k+ share stake. No 10b5-1 checkbox was marked, suggesting the sale was discretionary, yet the size does not raise governance or liquidity concerns. Historically, McDonald’s insiders execute similar de-minimis sales without predictive power for future earnings or stock moves. As such, the event is not impactful for fundamental or sentiment-driven analyses.

Insider Trade Summary

Net Seller: 939 shares

Net Sell 1 txn

Insider Erlinger Joseph M.

Role President, McDonald's USA

Sold 939 shs ($271K)

Type	Security	Shares	Price	Value
Sale	Common Stock	939	$288.52	$271K

Holdings After Transaction: Common Stock — 10,222.12 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many McDonald's (MCD) shares did Joseph M. Erlinger sell?

He sold 939 common shares.

At what price were the MCD shares sold?

The shares were sold at $288.52 each.

What is Joseph M. Erlinger's remaining MCD share ownership?

Post-sale, he directly owns 10,222.12 shares.

Is the transaction under a Rule 10b5-1 trading plan?

The filing did not check the 10b5-1 box, indicating a discretionary sale.

Does this insider sale materially impact McDonald's stock?

Given the size (<0.0002% of shares outstanding), the sale is not considered material to MCD’s valuation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/23/2025 - 04:41 PM Learn about SEC filing dates

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).

X

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^*

Erlinger Joseph M.

(Last) (First) (Middle)

MCDONALD'S CORPORATION

110 NORTH CARPENTER STREET

(Street)

CHICAGO IL 60607

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MCDONALDS CORP [ MCD ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, McDonald's USA

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

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	06/23/2025		S		939	D	$288.52	10,222.12	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:

	/s/ Christopher Weber, Attorney-in-fact	06/23/2025
	** 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.