Papa Johns: Managed Account Advisors reports 5.5% stake

Available on EDGAR 11/13/2026 - 03:08 PM EST Accepted by SEC EDGAR 11/13/2026 - 03:07 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Papa Johns International Inc. (PZZA) is the subject of an amended Schedule 13G reporting that Managed Account Advisors LLC beneficially owned 1,822,095 shares of common stock, or 5.5% of the class, for the event dated September 30, 2026. The adviser reported sole dispositive power over 1,752,120 shares and shared dispositive power over 69,975 shares, with no sole or shared voting power. The reported ownership percentage uses 32,940,000 shares outstanding as of September 27, 2026, as reported by Papa Johns.

Key Figures

Beneficially owned common stock: 1,822,095 shares Ownership of class: 5.5% Sole dispositive power: 1,752,120 shares +3 more

6 metrics

Beneficially owned common stock 1,822,095 shares Reported by Managed Account Advisors LLC for the event dated September 30, 2026

Ownership of class 5.5% Based on 32,940,000 shares outstanding as of September 27, 2026

Sole dispositive power 1,752,120 shares Reported by Managed Account Advisors LLC

Shared dispositive power 69,975 shares Reported by Managed Account Advisors LLC

Sole and shared voting power 0 shares sole; 0 shares shared Reported by Managed Account Advisors LLC

Shares outstanding 32,940,000 shares As of September 27, 2026, according to Papa Johns' Form 10-Q

Key Terms

beneficial ownership, sole dispositive power, shared dispositive power

3 terms

beneficial ownership financial

"Aggregate amount beneficially owned by each reporting person"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

sole dispositive power financial

"Sole power to dispose or to direct the disposition of"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

shared dispositive power financial

"Shared power to dispose or to direct the disposition of"

FAQ

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How many PZZA shares did Managed Account Advisors report owning?

Managed Account Advisors LLC reported beneficial ownership of 1,822,095 shares, equal to 5.5% of the class.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

PAPA JOHNS INTERNATIONAL INC

(Name of Issuer)

Common stock

(Title of Class of Securities)

698813102

(CUSIP Number)

09/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 698813102

1

Names of Reporting Persons

MANAGED ACCOUNT ADVISORS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,752,120.00
8	Shared Dispositive Power 69,975.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,822,095.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.5 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: The beneficial ownership calculation relies on the 32,940,000 outstanding shares disclosed in the Form 10-Q by the issuer on November 5, 2026, which reports share totals as of September 27, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PAPA JOHNS INTERNATIONAL INC
(b)	Address of issuer's principal executive offices: 2002 PAPA JOHNS BOULEVARD, LOUISVILLE, KENTUCKY, 40299-2334.
Item 2.
(a)	Name of person filing: MANAGED ACCOUNT ADVISORS LLC
(b)	Address or principal business office or, if none, residence: 101 HUDSON STREET 9TH FLOOR JERSEY CITY, NJ 07302
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common stock
(e)	CUSIP No.: 698813102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,822,095.00
(b)	Percent of class: 5.5%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 1,752,120.00
	(iv) Shared power to dispose or to direct the disposition of: 69,975.00
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MANAGED ACCOUNT ADVISORS LLC

Signature:	/s/ Monica Yako
Name/Title:	Authorized Signatory
Date:	11/13/2026