Papa John's (PZZA) Form 4 Shows Insider Transaction at $44

Rhea-AI Filing Summary

Papa John's (PZZA) Form 4 discloses an insider reporting change in beneficial ownership. The reporting person is Thanawala Ravi, listed as CFO and EVP, International. The table records a transaction dated 08/07/2025, shows entries including 2,337 and a price of $44, and reports 52,689 shares beneficially owned following the reported transaction. The filing is signed by a power of attorney on 08/08/2025.

Positive

• Insider transaction disclosed via Form 4, enhancing transparency
• Reporting person identified with title (CFO and EVP, International), providing context for the filing
• Beneficial ownership updated to 52,689 shares in the filing

Negative

• The extract does not explicitly label whether the 2,337 figure represents an acquisition or disposition within the visible text
• Limited explanatory detail is provided in this extract; no narrative or footnote clarifies the transaction code or intent

Insights

Securities Analyst

TL;DR: Routine insider disclosure showing updated beneficial ownership; no additional company financials provided.

The Form 4 lists Thanawala Ravi, identified as CFO and EVP, International, and records a transaction dated 08/07/2025. The table shows a price of $44 and reports 52,689 shares beneficially owned after the transaction. The filing was signed by a power of attorney on 08/08/2025. This document provides disclosure of insider activity but contains no earnings or operational data.

Corporate Governance Expert

TL;DR: Disclosure meets Form 4 reporting function; specifics on acquisition versus disposition are not clearly labeled in the provided extract.

The filing identifies the reporting person and provides transaction date and numeric entries, including 2,337 and a reported price of $44, with beneficial ownership listed as 52,689 shares post-transaction. The signature block shows a power of attorney filing. The extract documents insider activity but does not include explanatory notes clarifying the nature of the transaction within the visible text.

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^*

Thanawala Ravi

(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)
	CFO and EVP, International

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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	08/07/2025		F		2,337	D	$44	52,689	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	08/08/2025
	** 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

Who filed the Form 4 for Papa John's (PZZA)?

Thanawala Ravi, listed as CFO and EVP, International, is the reporting person named in the filing.

What is the transaction date reported on the PZZA Form 4?

08/07/2025 is the transaction date shown in the table.

How many shares does the filing report as beneficially owned after the transaction?

The filing reports 52,689 shares beneficially owned following the reported transaction.

What price is shown in the Form 4 transaction table?

The table shows a price of $44 associated with the transaction entries.

Was the Form 4 signed or filed by an agent?

Debra Tate Johnson signed by power of attorney on 08/08/2025 according to the signature block.