PG Insider Trade: 40,841 Shares Sold; 6,852 Options Reported

Rhea-AI Filing Summary

Reporting person: Aguilar Moses Victor Javier, Chief Research, Development & Innovation Officer at Procter & Gamble Co (PG). Transactions on 09/15/2025: the Form 4 discloses a disposition of 40,841.1704 shares of P&G common stock and continuing indirect holdings of 6,750.7456 shares held by a Retirement Plan Trustee and 428.6033 shares held by an International Stock Ownership Plan (Mexico) Trustee. The filing also reports an acquisition (transaction code A) of 6,852 stock options tied to 6,852 underlying common shares with a stated conversion/exercise price of $156.83 and a listed price of $0; the options show exercisability beginning 09/15/2028 and expiration 09/14/2035. The form is signed by an attorney-in-fact on behalf of Mr. Aguilar on 09/17/2025.

Positive

• Reporting compliance: Form 4 was filed and signed, fulfilling Section 16 disclosure requirements
• Long-term option structure: Options reported have exercisability starting 09/15/2028, indicating long-dated vest/exercise timing

Negative

• Large disposition reported: A disposal of 40,841.1704 common shares was recorded on 09/15/2025

Insights

Financial Analyst

TL;DR: Routine insider Form 4 shows a sizable share disposition and a grant/acquisition of stock options with multi-year vest/exercise dates.

The filing documents a sale/disposition of 40,841.1704 common shares and reports indirect ownership via retirement and international plans totaling 7,179.3489 shares. It separately records an option transaction for 6,852 options tied to the same number of underlying shares at a stated conversion price of $156.83, exercisable from 09/15/2028 to 09/14/2035. For investors, the filing is a compliance disclosure of insider activity; it does not include company performance metrics or provide context for the insider's reasons for the disposition.

Corporate Governance Expert

TL;DR: Disclosure aligns with Section 16 reporting; shows both disposal and an option acquisition subject to future exercisability.

The Form 4 is properly executed and signed by an attorney-in-fact, indicating timely reporting procedure. The mix of a direct disposition and indirect holdings via plan trustees is common for executive holders. The option transaction includes a multi-year exercise window beginning in 2028, suggesting long-term compensation timing rather than immediate equity transfer. The filing contains no indications of policy breaches or governance concerns based solely on the disclosed entries.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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^*

Aguilar Moses Victor Javier

(Last) (First) (Middle)

ONE PROCTER AND GAMBLE PLAZA

(Street)

CINCINNATI OH 45202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PROCTER & GAMBLE Co [ PG ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chf Rsch, Dev & Innov Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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								40,841.1704	D
Common Stock								6,750.7456	I	By Retirement Plan Trustee
Common Stock								428.6033	I	International Stock Ownership Plan (Mexico) Trustee

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
Stock Option (Right to Buy)	$156.83	09/15/2025		A		6,852		09/15/2028	09/14/2035	Common Stock	6,852	$0	6,852	D

Explanation of Responses:

	/s/ Wednesday Shipp, attorney-in-fact for Mr. Aguilar Moses	09/17/2025
	** 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

What did Aguilar Moses report on the Form 4 for P&G (PG)?

The Form 4 reports a disposition of 40,841.1704 common shares, indirect holdings of 6,750.7456 shares (Retirement Plan Trustee) and 428.6033 shares (International Stock Ownership Plan Mexico), plus an acquisition of 6,852 stock options dated 09/15/2025.

When were the transactions in the Form 4 for PG executed?

All transactions listed on the Form 4 have a transaction date of 09/15/2025 and the form was signed on 09/17/2025.

What are the terms of the stock option reported on the Form 4?

The reported option shows a $156.83 conversion/exercise price, covers 6,852 underlying shares, is exercisable beginning 09/15/2028 and expires 09/14/2035.

Does the Form 4 show indirect holdings and where are they held?

Yes. Indirect holdings include 6,750.7456 shares held by a Retirement Plan Trustee and 428.6033 shares held by an International Stock Ownership Plan (Mexico) Trustee.

Who signed the Form 4 for Aguilar Moses?

The Form 4 is signed by Wednesday Shipp, attorney-in-fact for Mr. Aguilar, dated 09/17/2025.