[SCHEDULE 13G] The Wendy's Company SEC Filing

Rhea-AI Filing Summary

Harris Associates reports holding 11,076,295 shares of The Wendy's Company (WEN), representing 5.8% of the outstanding common stock. The filing states Harris Associates L.P. and its general partner, Harris Associates, Inc., have sole voting power for 11,070,682 shares and sole dispositive power for 11,076,295 shares. The holders say the shares are held in the ordinary course of business and not to influence control.

Positive

• Material institutional stake disclosed: Harris Associates beneficially owns 11,076,295 shares (5.8%) of WEN.
• Clear voting and dispositive control: Reporting shows 11,070,682 sole voting and 11,076,295 sole dispositive powers.

Negative

• None.

Insights

Securities Analyst

TL;DR: Harris Associates discloses a material passive stake of 5.8% in WEN, signaling meaningful institutional ownership without claimed control intent.

Harris Associates reports beneficial ownership of 11,076,295 shares (5.8%). The split between sole voting power (11,070,682) and sole dispositive power (11,076,295) indicates Harris directly controls voting and disposition for its advisory clients' positions. The certification that holdings are in the ordinary course and not intended to change control is standard for Schedule 13G filings by investment advisers. For investors, a 5.8% stake from a recognized asset manager is material for share-register concentration and potential future activism risk, though no active intent is declared here.

Corporate Governance Expert

TL;DR: This is a material disclosure under Section 13, showing significant ownership but affirming non-control intent.

The filing identifies Harris Associates L.P. and Harris Associates, Inc. as reporting persons and provides precise voting and dispositive power figures. The explicit certification that the shares are not held to influence control aligns with the Schedule 13G framework for passive investors. From a governance perspective, a 5.8% holder merits attention on shareholder dynamics and proxy voting outcomes, although the filer disclaims any plan to change company control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

The Wendy's Company

(Name of Issuer)

Common stock, $0.10 par value

(Title of Class of Securities)

95058W100

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 95058W100

1

Names of Reporting Persons

HARRIS ASSOCIATES L P

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,070,682.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,076,295.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,076,295.00

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)

5.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 95058W100

1

Names of Reporting Persons

Harris Associates, Inc.

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 11,070,682.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 11,076,295.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

11,076,295.00

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)

5.8 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: The Wendy's Company
(b)	Address of issuer's principal executive offices: One Dave Thomas Blvd, Dublin, OH, 43017.
Item 2.
(a)	Name of person filing: Harris Associates L.P. ("Harris") Harris Associates, Inc. ("General Partner") **Harris Associates, Inc., for itself and as General Partner
(b)	Address or principal business office or, if none, residence: 111 South Wacker Drive Suite 4600, Chicago, IL 60606
(c)	Citizenship: See Item 4 on the cover page(s) hereto.
(d)	Title of class of securities: Common stock, $0.10 par value
(e)	CUSIP No.: 95058W100
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: By reason of advisory and other relationships with the person who owns the Shares, Harris may be deemed to be the beneficial owner of the shares specified in Item 9 on the cover page(s) hereto. Harris has been granted the power to vote Shares in circumstances it determines to be appropriate in connection with assisting its advised clients to whom it renders financial advice in the ordinary course of business, by either providing information or advice to the persons having such power, or by exercising the power to vote.
(b)	Percent of class: See Item 11 on the cover page(s) hereto.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
Item 5.	Ownership of 5 Percent or Less of a Class.
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.

HARRIS ASSOCIATES L P

Signature:	Joseph J. Allessie
Name/Title:	Joseph J. Allessie, General Counsel and Secretary
Date:	08/14/2025

Harris Associates, Inc.

Signature:	Joseph J. Allessie
Name/Title:	Joseph J. Allessie, General Counsel and Secretary
Date:	08/14/2025

FAQ

How many Wendy's (WEN) shares does Harris Associates own?

Harris Associates beneficially owns 11,076,295 shares, representing 5.8% of WEN common stock.

Does Harris Associates claim intent to influence control of Wendy's (WEN)?

No. The filing certifies the shares are held in the ordinary course of business and not to change or influence control of the issuer.

What voting power does Harris Associates report for WEN shares?

The filing reports sole voting power for 11,070,682 shares and sole dispositive power for 11,076,295 shares.

Which entities filed the Schedule 13G for Wendy's (WEN)?

The filers are Harris Associates L.P. and Harris Associates, Inc. (the general partner).

When was the Schedule 13G signed?

The signatures on the filing are dated 08/14/2025.