[Form 4] MCDONALDS CORP Insider Trading Activity

Rhea-AI Filing Summary

McDonald’s (MCD) insider activity: An officer (EVP – President, IOM) exercised stock options and sold shares on 11/05/2025. The officer exercised 9,581 options at $253.39 and 3,553 options at $266.20, then sold 13,134 common shares at a weighted average price of $300.42, with individual trades ranging from $300.00 to $301.67. Following these transactions, the officer beneficially owned 4,606.1 common shares directly. Related options vest in 25% increments on the first through fourth anniversaries of grant.

Insider Trade Summary

Net Seller: 13,134 shares ($3,945,716)

Net Sell 5 txns

Insider Steijaert Manuel JM

Role EVP - President, IOM

Sold 13,134 shs ($3.95M)

Type	Security	Shares	Price	Value
Exercise	Options (Right to Buy)	9,581	$0.00	--
Exercise	Options (Right to Buy)	3,553	$0.00	--
Exercise	Common Stock	9,581	$253.39	$2.43M
Exercise	Common Stock	3,553	$266.20	$946K
Sale	Common Stock	13,134	$300.42	$3.95M

Holdings After Transaction: Options (Right to Buy) — 5,193 shares (Direct); Common Stock — 14,187.1 shares (Direct)

Footnotes (1)

1. This transaction was executed in multiple trades ranging from $300.00 to $301.67 per share. The price reported represents the weighted average sales price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price. Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.

Form 4 Insider Transactions: What Each Field Means →

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^*

Steijaert Manuel JM

(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 - President, IOM

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2025

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	11/05/2025		M		9,581	A	$253.39	14,187.1	D
Common Stock	11/05/2025		M		3,553	A	$266.2	17,740.1	D
Common Stock	11/05/2025		S		13,134	D	$300.42(1)	4,606.1	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
Options (Right to Buy)	$253.39	11/05/2025		M			9,581	(2)	02/14/2032	Common Stock	9,581	$0	5,193	D
Options (Right to Buy)	$266.2	11/05/2025		M			3,553	(2)	02/13/2033	Common Stock	3,553	$0	16,687	D

Explanation of Responses:

1. This transaction was executed in multiple trades ranging from $300.00 to $301.67 per share. The price reported represents the weighted average sales price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.

2. Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.

	/s/ Jeffrey J. Pochowicz, Attorney-in-fact	11/07/2025
	** 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.