[Form 4] McDonald's Corporation Insider Trading Activity

Rhea-AI Filing Summary

McDonald’s Corp. (MCD) – Insider Transaction: EVP & Global CMO Edith M. Flatley filed a Form 4 reporting an open-market sale (Code S) of 976 common shares on 08/01/2025 at $303.50 per share. Following the sale, Flatley directly owns 7,881.56 MCD shares.

The filing indicates a routine individual transaction; no derivative securities were involved and no Rule 10b5-1 trading plan was noted.

Positive

• None.

Negative

• Executive insider sale: EVP & Global CMO sold 976 shares at $303.50 without a disclosed 10b5-1 plan, reducing direct stake to 7,881.56 shares.

Insights

Securities Analyst

TL;DR: EVP sold 976 MCD shares (~12% of stake); minor, likely routine, modestly negative signal.

The Form 4 shows Edith M. Flatley, an executive officer, disposed of 976 shares at $303.50, trimming her direct holding to 7,881.56 shares. The sale represents roughly US$296k and about 11–12% of her disclosed ownership. No accompanying derivative activity or 10b5-1 plan reduces transparency, so the sale may be viewed cautiously. However, the absolute size is immaterial relative to McDonald’s >US$220 bn market cap, suggesting limited impact on valuation. Insider sales can occur for diversification or personal liquidity, so investors should contextualize within broader insider trading patterns.

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^*

Flatley Edith Morgan

(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)
	EVP - Global CMO

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		S		976	D	$303.5	7,881.56	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	08/04/2025
	** 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 the EVP sell?

Edith M. Flatley sold 976 common shares on 08/01/2025.

At what price were the MCD shares sold?

The shares were sold at $303.50 per share.

How many MCD shares does the EVP now own?

After the sale, Flatley directly owns 7,881.56 shares of McDonald’s common stock.

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

The filing does not indicate that the sale was made under a Rule 10b5-1 plan.