[Form 4] McDonald's Corporation Insider Trading Activity

Rhea-AI Filing Summary

McDonald’s Corp. (MCD) – Form 4 insider transaction

Joseph M. Erlinger, President of McDonald’s USA, reported the sale of 939 common shares on 07/23/2025 at $299.49 per share, for proceeds of roughly $281 k. After the sale he directly owns 9,283.12 shares; no indirect or derivative transactions were disclosed.

The disposal equals about 10 % of his reported stake but is immaterial versus McDonald’s ~742 million shares outstanding, so market impact is expected to be limited. No other changes in beneficial ownership were noted.

Positive

• None.

Negative

• Executive insider sale: The President of McDonald’s USA disposed of 10 % of his stake, which some investors may interpret as a mild bearish signal.

Insights

Securities Analyst

TL;DR: Small insider sale; limited strategic signal or valuation impact.

The 939-share sale by McDonald’s USA President totals under US$300 k and leaves him with over 9 k shares. Percentage-wise, it trims his personal stake by roughly 10 %, but relative to the company’s float the move is negligible. Absence of derivative activity suggests no broader repositioning. Historically, single-day executive sales of this scale have offered little predictive value for MCD’s share price. I view the filing as routine housekeeping rather than a directional indicator.

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).

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)
07/23/2025

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	07/23/2025		S		939	D	$299.49	9,283.12	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/ Jeffrey J. Pochowicz, Attorney-in-fact	07/23/2025
	** 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.

FAQ

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

He sold 939 common shares.

At what price were the McDonald's shares sold?

The sale price was $299.49 per share.

What is Joseph Erlinger's remaining MCD shareholding?

He now directly holds 9,283.12 shares.

Were any derivative securities involved in this Form 4?

No, no derivative transactions were reported.

Is the insider sale material to McDonald's overall share count?

No; 939 shares are an immaterial fraction of MCD’s ~742 million shares outstanding.