PZZA Form 4: Officer Disposes 48 Shares at $48.76

Papa John's insider sale by Officer Joseph Sieve: The filing shows a transaction in the issuer's common stock on 09/09/2025 where 48 shares were disposed of at a price of $48.76 per share (transaction code F).

Rhea-AI Filing Summary

Papa John's insider sale by Officer Joseph Sieve: The filing shows a transaction in the issuer's common stock on 09/09/2025 where 48 shares were disposed of at a price of $48.76 per share (transaction code F). After the reported disposition, the reporting person is shown as beneficially owning 16,682.3 shares in a direct capacity. The form is filed individually and signed by a power of attorney on 09/10/2025.

Insights

Financial Analyst

TL;DR: Small officer sale, appears routine and immaterial to company fundamentals.

The report documents a single small disposition of 48 shares at $48.76 on 09/09/2025 by an officer, leaving 16,682.3 shares beneficially owned directly. The quantity and value are minor relative to a public company cap table and do not, by themselves, indicate a change in company outlook or operating results. No derivative transactions or other material events are disclosed.

Corporate Governance Expert

TL;DR: Routine Section 16 disclosure of an officer sale; no governance red flags visible.

The Form 4 shows the reporting person as an officer with a single disposition coded F on 09/09/2025. Ownership remains recorded as direct and there is a power-of-attorney signature on 09/10/2025. There are no indications of coordinated group filings, option exercises, or changes in officer status in this filing. This appears to be a standard insider sale disclosure.

Insider Trade Summary

Exercise Price or Tax Liability: 48 shares

Exercise Price or Tax Liability 1 txn

Insider Sieve Joseph

Role Chief Restaurant & Development

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	48	$48.76	$2K

Holdings After Transaction: Common Stock — 16,682.3 shares (Direct)

FAQ

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

What transaction did the PZZA Form 4 report?

The Form 4 reports a disposition of 48 shares of Papa John's common stock on 09/09/2025 at a price of $48.76 per share.

Who filed the Form 4 for PZZA and what is their relationship to the company?

The reporting person is Joseph Sieve, listed as an Officer (Chief Restaurant & Development). The form was filed individually.

How many shares does the reporting person beneficially own after the transaction?

The Form 4 shows 16,682.3 shares beneficially owned following the reported transaction, held in a direct capacity.

Was the Form 4 signed and when?

Yes. The filing includes a signature by Debra Tate Johnson, by Power of Attorney dated 09/10/2025.

Does the filing show any derivative transactions or option exercises?

No. Table II (derivative securities) contains no entries; only a non-derivative common stock disposition is reported.

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

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Accepted by SEC EDGAR 09/10/2025 - 04:24 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).

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^*

Sieve Joseph

(Last) (First) (Middle)

P. O. BOX 99900

(Street)

LOUISVILLE KY 40269

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PAPA JOHNS INTERNATIONAL INC [ PZZA ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Restaurant & Development

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

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	09/09/2025		F		48	D	$48.76	16,682.3	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:

	Debra Tate Johnson, by Power of Attorney	09/10/2025
	** 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.