[Form 4] Papa John's International Inc Insider Trading Activity

Rhea-AI Filing Summary

Papa John's International insider John Kevin Vasconi, the company's Chief Digital & Tech Officer, reported a sale of 1,872 shares of common stock on 09/09/2025 at a reported price of $48.76 per share. After the sale he beneficially owns 25,296 shares. The filing was submitted as a Form 4, indicating this was a routine disclosure of an insider transaction; the Form shows the sale was coded F (a sale of securities by the reporting person). The document is signed by Debra Tate Johnson by power of attorney on 09/10/2025.

Insights

Corporate Governance Expert

TL;DR: Routine insider sale by an executive; standard disclosure with no additional context on intent.

The filing documents a common insider sale action: the Chief Digital & Tech Officer disposed of 1,872 shares at $48.76 each, leaving 25,296 shares beneficially owned. The Form 4 is a compliance disclosure and does not include commentary on the reason for the sale or any 10b5-1 plan designation. From a governance perspective, the timely filing and signature by power of attorney satisfy disclosure requirements, but the filing alone provides no material signal about corporate strategy or performance.

Securities Analyst

TL;DR: Transaction is a small-scale insider disposition relative to typical executive holdings; not clearly material.

The sale of 1,872 shares at $48.76 equates to proceeds of approximately $91,324. The report shows the insider retains 25,296 shares after the sale. Absent further context—such as historical selling patterns, size relative to total outstanding shares, or linkage to a trading plan—this single Form 4 entry appears routine and unlikely to be material to an investor's valuation of PZZA on its own.

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^*

VASCONI JOHN KEVIN

(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 Digital & Tech Officer

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		1,872	D	$48.76	25,296	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.

FAQ

What insider transaction did PZZA report on this Form 4?

The Chief Digital & Tech Officer, John Kevin Vasconi, sold 1,872 shares on 09/09/2025 at $48.76 per share.

How many shares does the reporting person own after the reported sale?

The Form 4 reports the reporting person beneficially owns 25,296 shares following the transaction.

Who signed the Form 4 and when was it signed?

The form was signed by Debra Tate Johnson by power of attorney on 09/10/2025.

Does this Form 4 indicate the sale was made under a 10b5-1 trading plan?

The filing does not indicate a 10b5-1 plan designation; no contract or plan box is checked in the provided text.

What transaction code is used for the sale?

The sale is coded F, indicating a disposition of securities by the reporting person.