Wolverine (WWW) Director Exercises Options and Sells 12,854 Shares

Rhea-AI Filing Summary

Nicholas T. Long, a director of Wolverine World Wide, Inc. (WWW), exercised stock options and sold the resulting shares on 08/28/2025. He exercised 12,854 stock options with a $19.25 exercise price, receiving 12,854 common shares. The same day he sold 12,854 common shares at a weighted average price of $31.84, with reported sale prices ranging from $31.76 to $32.07. Beneficial ownership reported changed from 89,122 shares immediately after the exercise to 76,268 shares following the sale. The Form 4 was signed on behalf of the reporting person by a power of attorney.

Positive

• Options were exercised and converted to common stock as reported
• Insider disclosure filed under Section 16 with explanatory price range information

Negative

• Insider sold 12,854 shares on 08/28/2025, reducing beneficial ownership from 89,122 to 76,268 shares

Insights

Financial Analyst

TL;DR: Director exercised options and sold all resulting shares same day; ownership decreased by 12,854 shares.

The filing documents a routine option exercise followed by an immediate sale of the acquired shares. The exercise price was $19.25 and the weighted average sale price was $31.84, implying cash proceeds before taxes and fees equal to the sale price multiplied by 12,854 shares. Reported beneficial ownership declined from 89,122 to 76,268 shares. The report does not state any use of proceeds or whether the sale was pursuant to a 10b5-1 plan. For investors, this is a disclosure of insider liquidity activity rather than an operational or financial performance event.

Corporate Governance Expert

TL;DR: Transaction disclosed compliance with Section 16; signed by power of attorney.

The Form 4 shows timely disclosure of a director-level transaction and includes an explanatory note about the weighted average sale price. The signature was executed by a power of attorney, which is permissible under filing rules. The filing does not include indications of rule 10b5-1 plan election, and no additional governance concerns or agreements are disclosed in this document. This is a routine insider reporting filing reflecting conversion and disposition of equity.

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^*

Long Nicholas T.

(Last) (First) (Middle)

C/O 9341 COURTLAND DR NE

(Street)

ROCKFORD MI 49351

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WOLVERINE WORLD WIDE INC /DE/ [ WWW ]

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)
08/28/2025

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	08/28/2025		M		12,854	A	$19.25	89,122	D
Common Stock	08/28/2025		S		12,854	D	$31.84(1)	76,268	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
Stock Option (Right to Buy)	$19.25	08/28/2025		M			12,854	04/21/2016	04/20/2026	Common Stock	12,854	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.76 to $32.07. The reporting person undertakes to provide to Wolverine World Wide, Inc., any security holder of Wolverine World Wide, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Remarks:

	/s/ David Latchana by Power of Attorney	08/28/2025
	** 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 transactions did Nicholas T. Long report on Form 4 for WWW?

He reported exercising 12,854 stock options at an exercise price of $19.25 and selling 12,854 common shares at a weighted average price of $31.84 on 08/28/2025.

How did the reported transactions change Nicholas Long's beneficial ownership of WWW shares?

Beneficial ownership was reported as 89,122 shares after the option exercise and 76,268 shares after the sale.

What range of sale prices was disclosed for the WWW share sale?

The filing states sales occurred at prices ranging from $31.76 to $32.07 and reports a weighted average price of $31.84.

Was the Form 4 signed by the reporting person?

The Form 4 was signed by David Latchana by Power of Attorney on behalf of the reporting person on 08/28/2025.

Did the Form 4 disclose use of a 10b5-1 trading plan?

The filing does not indicate that the transactions were made pursuant to a 10b5-1 trading plan.