Managed Account Advisors (PZZA) discloses 6.6% beneficial stake in Papa Johns

Rhea-AI Filing Summary

Managed Account Advisors LLC, a Delaware entity, reported beneficial ownership of common stock of Papa Johns International Inc. MANAGED ACCOUNT ADVISORS LLC reported holding 2,158,609 shares, representing 6.6% of the common stock outstanding, based on 32,902,014 shares outstanding as of May 1, 2026, as reported by the issuer.

The filer reported no sole or shared voting power over the shares. It reported sole dispositive power over 2,087,919 shares and shared dispositive power over 70,690 shares. The filing was signed by Authorized Signatory Monica Yako on August 12, 2026.

Key Figures

Beneficially owned shares: 2,158,609 shares Percent of class: 6.6% Sole dispositive power: 2,087,919 shares +2 more

5 metrics

Beneficially owned shares 2,158,609 shares Common stock beneficially owned by Managed Account Advisors LLC

Percent of class 6.6% Portion of Papa Johns common stock class beneficially owned

Sole dispositive power 2,087,919 shares Shares over which Managed Account Advisors LLC has sole dispositive power

Shared dispositive power 70,690 shares Shares over which Managed Account Advisors LLC has shared dispositive power

Shares outstanding baseline 32,902,014 shares Shares outstanding as of May 1, 2026, per issuer Form 10-Q

Key Terms

beneficial ownership, sole dispositive power, shared dispositive power, percent of class

4 terms

beneficial ownership financial

"The beneficial ownership calculation relies on the 32,902,014 outstanding shares"

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 Dispositive Power 2,087,919.00"

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 Dispositive Power 70,690.00"

percent of class financial

"Percent of class: 6.6%"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

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

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Available on EDGAR 08/12/2026 - 03:15 PM Accepted by SEC EDGAR 08/12/2026 - 03:15 PM Learn about SEC filing dates

FAQ

What percentage of Papa Johns (PZZA) shares does Managed Account Advisors LLC report owning?

Managed Account Advisors LLC reports beneficial ownership of 6.6% of Papa Johns International Inc. common stock, representing 2,158,609 shares, based on 32,902,014 shares outstanding as of May 1, 2026.

How many Papa Johns (PZZA) shares does Managed Account Advisors LLC beneficially own?

Managed Account Advisors LLC reports beneficial ownership of 2,158,609 Papa Johns common shares. This stake is calculated using the issuer’s reported 32,902,014 shares outstanding as of May 1, 2026 in its May 7, 2026 Form 10-Q.

What voting power does Managed Account Advisors LLC have over Papa Johns (PZZA) shares?

Managed Account Advisors LLC reports no sole or shared voting power over Papa Johns shares. It lists both sole voting power and shared voting power as 0, indicating it does not direct shareholder votes for these shares.

What dispositive powers does Managed Account Advisors LLC report for its Papa Johns (PZZA) holdings?

Managed Account Advisors LLC reports sole dispositive power over 2,087,919 Papa Johns shares and shared dispositive power over 70,690 shares. Dispositive power refers to the authority to dispose of or direct the disposition of securities.

How was the 6.6% beneficial ownership in Papa Johns (PZZA) calculated?

The 6.6% beneficial ownership is calculated using 32,902,014 Papa Johns shares outstanding, which the issuer reported in its Form 10-Q filed May 7, 2026, stating share totals as of May 1, 2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

PAPA JOHNS INTERNATIONAL INC

(Name of Issuer)

Common stock

(Title of Class of Securities)

698813102

(CUSIP Number)

06/30/2026

(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 2,087,919.00
8	Shared Dispositive Power 70,690.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,158,609.00

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)

6.6 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: The beneficial ownership calculation relies on the 32,902,014 outstanding shares disclosed in the Form 10-Q by the issuer on May 7, 2026, which reports share totals as of May 1, 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 Number(s): 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: 2,158,609.00
(b)	Percent of class: 6.6%
(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: 2,087,919.00
	(iv) Shared power to dispose or to direct the disposition of: 70,690.00
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:	08/12/2026