WWW Form 4: Director exercised options at $19.25, sold shares at ~$27.33

Rhea-AI Filing Summary

William K. Gerber, a director of Wolverine World Wide, exercised previously granted stock options and sold the resulting shares on 08/08/2025. The filing shows the exercise/conversion price of the options was $19.25 for 12,854 underlying shares. Those 12,854 shares were then sold on the same date at a weighted average price reported as $27.33, with individual sale prices ranging from $27.25 to $27.60.

Following these transactions the reporting person’s beneficial ownership is reported as 45,758 shares (down from 58,612 prior to the sale). The Form 4 was signed by an attorney under power of attorney on 08/12/2025.

Insights

Securities Analyst

TL;DR: Director exercised 12,854 options at $19.25 and sold those shares at a weighted average $27.33; transaction appears routine.

The filing documents an option exercise and near-immediate disposition of the resulting 12,854 shares. The exercise price of the options was $19.25 and the reported weighted average sale price was $27.33 (range $27.25–$27.60 per the footnote). Beneficial ownership fell from 58,612 to 45,758 shares. From a trading-impact perspective this is a common insider liquidity event that does not, on its face, indicate a change to company fundamentals.

Corporate Governance Expert

TL;DR: Routine exercise and sale by a director; disclosure appears complete with explanatory footnote on sale prices.

The Form 4 shows the director exercised stock options (underlying 12,854 shares) and sold those shares the same day, with a weighted average sale price disclosed and a footnote offering to provide per-price allocation. The form is signed by an authorized representative. This is standard insider reporting and suggests compliance with Section 16 reporting obligations.

Insider Trade Summary

Net Seller: 12,854 shares ($351,300)

Net Sell 3 txns

Insider GERBER WILLIAM K

Role Director

Sold 12,854 shs ($351K)

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	12,854	$0.00	--
Exercise	Common Stock	12,854	$19.25	$247K
Sale	Common Stock	12,854	$27.33	$351K

Holdings After Transaction: Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 58,612 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
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^*

GERBER WILLIAM K

(Last) (First) (Middle)

C/O 9341 COURTLAND DRIVE 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)
08/08/2025

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	08/08/2025		M		12,854	A	$19.25	58,612	D
Common Stock	08/08/2025		S		12,854	D	$27.33(1)	45,758	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	08/08/2025		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 $27.25 to $27.60. 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	08/12/2025
	** 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 William K. Gerber report on Form 4 for WWW?

On 08/08/2025 Mr. Gerber exercised options for 12,854 shares at an exercise price of $19.25 and sold those 12,854 shares the same date at a weighted average price of $27.33.

How did Mr. Gerber’s beneficial ownership change after the transactions reported on Form 4 (WWW)?

Beneficial ownership declined from 58,612 shares to 45,758 shares following the reported exercise and sale.

At what prices were the sold shares transacted according to the Form 4 for WWW?

The Form 4 reports a weighted average sale price of $27.33 and a footnote states individual sales ranged from $27.25 to $27.60.

What was the exercise/conversion price of the options exercised by WWW director?

The conversion/exercise price shown on the filing for the stock option was $19.25.

Who signed the Form 4 filing for the insider transaction at WWW?

The Form 4 was signed on behalf of the reporting person by David Latchana by power of attorney on 08/12/2025.