[Form 4] J M SMUCKER Co Insider Trading Activity

Rhea-AI Filing Summary

Marshall Tucker H, identified as the company's Chief Financial Officer, reported an open-market disposition of 11,138.837 common shares on 09/30/2025 at a reported price of $108.11 per share. After the sale the reporting person beneficially owned 33,864 shares directly and 1,479 shares indirectly held in the company 401(k) plan. The filing notes that the total share amounts include purchases under the company 401(k) and the dividend reinvestment plan administered by the transfer agent. The form was signed by a power of attorney on 10/01/2025.

Positive

• Timely disclosure of insider transaction via Form 4 indicating regulatory compliance
• Clear breakdown of direct and indirect holdings, and explanation of 401(k) and dividend reinvestment inclusion

Negative

• Insider sale of 11,138.837 shares could be interpreted as liquidity by the CFO
• Limited context provided on proportion of total ownership or reason for sale, restricting investor interpretation

Insights

Securities Analyst

TL;DR: Routine insider sale disclosed; not clearly material to company valuation based on available data.

The Form 4 documents a single non-derivative sale of 11,138.837 common shares by Marshall Tucker H, the CFO, at $108.11 on 09/30/2025, leaving 33,864 shares held directly and 1,479 indirectly via the 401(k). The filing is straightforward and includes standard explanatory language that contributions and dividend reinvestments are included in reported amounts. With only the quantities and price provided and no context on total outstanding shares or timing rationale, this appears to be a routine disclosure rather than a company-changing event.

Corporate Governance Expert

TL;DR: Disclosure is compliant and timely but indicates insider liquidity activity that investors may note.

The document shows the CFO executed a sale and the Form 4 was completed and signed by a POA, indicating proper procedural handling. The explanation clarifies inclusion of 401(k) and dividend reinvestment shares in holdings. Absent further information about the size of the stake relative to outstanding shares or any planned trading program, the filing is a standard insiders' transaction report and raises no governance red flags on its face.

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).

1. Name and Address of Reporting Person^*

Marshall Tucker H

(Last) (First) (Middle)

ONE STRAWBERRY LANE

(Street)

ORRVILLE OH 44667

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
J M SMUCKER Co [ SJM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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 Shares	09/30/2025		S		11,138.837	D	$108.11	33,864	D
Common Shares								1,479	I	401(K)(1)

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. This amount includes shares acquired under (i) the Company's 401(k) plan since the date of the reporting person's last ownership report and (ii) the Company's dividend reinvestment plan as administered by its transfer agent.

Remarks:

	/s/ Jeannette L. Knudsen, POA	10/01/2025
	** 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 transaction did the SJM filing report for Marshall Tucker H?

The filing reports a sale of 11,138.837 common shares on 09/30/2025 at a reported price of $108.11 per share.

How many J M Smucker (SJM) shares does the reporting person hold after the transaction?

After the reported transaction the reporting person beneficially owned 33,864 shares directly and 1,479 shares indirectly via the company 401(k) plan.

Does the Form 4 explain the composition of the reported share amounts?

Yes. The filing states the amounts include shares acquired under the company 401(k) plan since the last report and shares from the dividend reinvestment plan.

Who signed the Form 4 for Marshall Tucker H and when?

The Form 4 was signed by Jeannette L. Knudsen, POA on 10/01/2025.

Was any derivative or option transaction reported in this filing?

No. Table II for derivative securities contains no reported transactions in this filing.