Insider Buying: REYN Director Increases Indirect Holdings to 174,586 Shares

Rhea-AI Filing Summary

Hawkesby Duncan, a director of Reynolds Consumer Products Inc. (REYN), reported purchases of the issuer's common stock on August 20 and August 21, 2025. The filing shows an aggregate purchase on 08/20/2025 of 4,317.0764 shares in multiple transactions at a weighted average price of $23.1627 (range $23.16–$23.19) and on 08/21/2025 of 67,269 shares in multiple transactions at a weighted average price of $23.04 (range $23.00–$23.1006). After these transactions the reporting person beneficially owns 174,586.0764 shares indirectly through Hawkesby Management Limited, which is wholly owned by the reporting person and his wife. The Form 4 was signed by an attorney-in-fact on 08/22/2025.

Positive

• Director executed open-market purchases totaling 71,586.0764 shares, increasing insider ownership
• Disclosure includes weighted average prices and price ranges, improving transparency (08/20 weighted $23.1627; 08/21 weighted $23.04)
• Indirect ownership held through Hawkesby Management Limited is explicitly disclosed and identified as wholly owned by the reporting person and spouse

Negative

• None.

Insights

Financial Analyst

TL;DR Insider purchases totaling 71,586.0764 shares were executed at ~ $23.10, increasing indirect beneficial ownership to 174,586.0764 shares.

The filing documents meaningful open-market purchases executed across two days with disclosed weighted average prices and price ranges, resulting in an increase in indirect ownership through a family-controlled entity. For investors, the most relevant metrics are the share counts and weighted average prices: 4,317.0764 shares at $23.1627 and 67,269 shares at $23.04, with total indirect holdings of 174,586.0764 shares after the reported buys. The disclosure is specific and actionable for monitoring insider activity but contains no performance, revenue, or forward-looking statements.

Corporate Governance Expert

TL;DR A director increased indirect holdings via a wholly owned family entity; transactions were properly disclosed on Form 4.

The filing indicates purchases were made by a broker for Hawkesby Management Limited, an entity indirectly wholly owned by the reporting person and spouse, and identifies the reporting person as Managing Director of that entity. The Form 4 includes explanation of price ranges and offers to provide transaction-level detail to the SEC on request. The form appears complete with a dated signature by an attorney-in-fact, fulfilling Section 16 reporting requirements; no amendments or additional governance issues are disclosed.

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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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^*

Hawkesby Duncan

(Last) (First) (Middle)

C/O REYNOLDS CONSUMER PRODUCTS INC.

1900 W. FIELD COURT

(Street)

LAKE FOREST IL 60045

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Reynolds Consumer Products Inc. [ REYN ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/20/2025		P		4,317.0764	A	$23.1627(1)	107,317.0764	I	Indirect(2)
Common Stock	08/21/2025		P		67,269	A	$23.04(3)	174,586.0764	I	Indirect(2)

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:

1. Represents the purchase of 4,317.0764 shares in multiple transactions, ranging in price from $23.16 to $23.19, resulting in a weighted average purchase price of $23.1627. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each price within the range.

2. The reported shares were purchased by a broker for Hawkesby Management Limited, which is indirectly wholly owned by the reporting person and his wife, of which the reporting person is the Managing Director.

3. Represents the purchase of 67,269 shares in multiple transactions, ranging in price from $23.00 to $23.1006, resulting in a weighted average purchase price of $23.0400. The reporting person will provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each price within the range.

Remarks:

	/s/ Jill E. Barnett, Attorney-in-Fact	08/22/2025
	** 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 transactions did REYN director Hawkesby Duncan report on Form 4?

The Form 4 reports purchases on 08/20/2025 of 4,317.0764 shares at a weighted average price of $23.1627 and on 08/21/2025 of 67,269 shares at a weighted average price of $23.04.

How many REYN shares does Hawkesby Duncan beneficially own after these transactions?

Following the reported transactions the filing shows indirect beneficial ownership of 174,586.0764 shares.

Through what entity were the REYN shares purchased?

The shares were purchased by a broker for Hawkesby Management Limited, which the filing states is indirectly wholly owned by the reporting person and his wife.

What price ranges were disclosed for the REYN purchases?

The filing discloses a price range of $23.16–$23.19 for the 08/20 purchases and $23.00–$23.1006 for the 08/21 purchases.

Who signed the Form 4 filing for Hawkesby Duncan?

The Form 4 is signed by Jill E. Barnett, Attorney-in-Fact, with a signature date of 08/22/2025.