[Form 4] SpartanNash Co Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filed for Jaymin B. Patel, a director of SpartanNash Company (SPTN). The filing reports transactions on 09/22/2025 arising from a merger in which C&S Wholesale Grocers, LLC acquired SpartanNash under a June 22, 2025 Merger Agreement. At the Effective Time all outstanding SpartanNash shares were cancelled and converted into the right to receive $26.90 per share in cash. The report shows Mr. Patel had 18,345 shares disposed at $26.90 and 7,847 restricted stock units converted and settled for $26.90 each, leaving 0 shares beneficially owned following the transactions.

Positive

• Cash consideration of $26.90 per share provides immediate liquidity to the reporting person
• Both common stock and RSUs were settled under the Merger Agreement, completing the insider's equity conversion

Negative

• Reporting person no longer holds beneficially owned shares following the transactions
• Merger eliminated public equity for SpartanNash shareholders, removing future upside tied to SPTN stock

Insights

M&A Specialist

TL;DR: The Form 4 reflects a cash-out merger that settled all outstanding equity at $26.90, materially concluding shareholder ownership.

The filing documents the contractual cash settlement of both outstanding common stock and restricted stock units at $26.90 per share as part of a merger with C&S Wholesale Grocers, LLC. This is a definitive liquidity event eliminating remaining public equity in SpartanNash and converting insider holdings to cash. For investors this removes ongoing insider alignment with public equity performance and finalizes proceeds for holders listed in the filing.

Corporate Governance Expert

TL;DR: Director Jaymin Patel's holdings were fully settled for cash under the merger, resulting in no remaining direct beneficial ownership reported.

The Form 4 shows the director-level reporting person disposed of shares and had restricted stock units automatically vested and cancelled per the Merger Agreement. The signature by an attorney-in-fact indicates the filing was executed on the insider's behalf. This is a routine but material reporting step following a control transaction that terminates prior equity-based incentives for insiders disclosed here.

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

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X

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^*

PATEL JAYMIN B

(Last) (First) (Middle)

850 76TH STREET SW

(Street)

GRAND RAPIDS MI 49518

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SpartanNash Co [ SPTN ]

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)
09/22/2025

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	09/22/2025		D		18,345	D	$26.9(1)	7,847	D
Common Stock	09/22/2025		D		7,847	D	$26.9(2)	0.00	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:

1. On September 22, 2025, C&S Wholesale Grocers, LLC acquired the Issuer pursuant to an Agreement and Plan of Merger dated June 22, 2025 (the "Merger Agreement") by and among SpartanNash Company, New Mackinac HoldCo, Inc., Mackinac Merger Sub, Inc., and C&S Wholesale Grocers, LLC. At the Effective Time (as defined in the Merger Agreement), all outstanding SpartanNash Company stock was canceled immediately prior to the Effective Time and converted into the right to receive a cash payment of $26.90 a share.

2. Pursuant to the Merger Agreement, each SpartanNash restricted stock unit ("SpartanNash RSU") outstanding immediately prior to the Effective Time automatically vested and was cancelled and converted into the right to receive a cash payment of $26.90 in respect of each share of SpartanNash Company stock subject to such SpartanNash RSU.

Remarks:

	/s/ Ileana McAlary, as Attorney-in-Fact for PATEL JAYMIN B	09/22/2025
	** 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 did the Form 4 filed by Jaymin B. Patel (SPTN) report?

The Form 4 reports dispositions on 09/22/2025 where shares and restricted stock units were settled for $26.90 per share pursuant to the Merger Agreement with C&S Wholesale Grocers, LLC.

How many SpartanNash shares and RSUs were settled for Jaymin Patel?

The filing shows 18,345 common shares disposed and 7,847 restricted stock units converted and settled at $26.90 each.

Does Jaymin B. Patel retain any SpartanNash shares after the transactions?

No. The Form 4 reports 0 shares beneficially owned following the reported transactions.

Who acquired SpartanNash according to the Form 4 explanation?

The filing states that C&S Wholesale Grocers, LLC acquired SpartanNash pursuant to an Agreement and Plan of Merger dated June 22, 2025.

What price per share was paid in the merger?

The Merger Agreement provided a cash payment of $26.90 per share for outstanding SpartanNash stock and for shares underlying RSUs.