JANA Partners Management, LP 4

4 · Lamb Weston Holdings, Inc. · Filed Apr 9, 2026

AI-generated summary of this filing

Updated Apr 9, 2026

Lamb Weston (LW) JANA Partners (Director) Buys 236,000 Shares

What Happened

JANA Partners Management, LP (reported as a director by deputization) made two open‑market purchases of Lamb Weston Holdings (LW) stock, acquiring a total of 236,000 shares for roughly $9,702,040. The filings show 136,000 shares at a weighted average price of $40.89 (total $5,561,040) and 100,000 shares at $41.41 (total $4,141,000). These were purchases (transaction code P), which are generally viewed as a bullish move (buying shares), not sales.

Key Details

Transaction dates and prices:
- 2026-04-07: 136,000 shares @ weighted avg $40.89 (range reported $40.81–$41.12) — $5,561,040
- 2026-04-08: 100,000 shares @ $41.41 — $4,141,000
Total acquired: 236,000 shares for ~$9.70 million.
Shares owned after transaction: Not specified in this filing.
Footnotes of note:
- F1: The $40.89 is a weighted average; portions of that lot traded between $40.81 and $41.12.
- F2: JANA is a private money manager that beneficially owns the reported securities through accounts it manages; the GP and Barry Rosenstein disclaim direct beneficial ownership except to the extent of any pecuniary interest.
Filing timeliness: Reported on 2026-04-09 for transactions on 2026-04-07 and 04-08 — appears to be filed within the normal Section 16 reporting window.

Context

The reporting person is an institutional investor (JANA) that the filing notes may be deemed a director by deputization because Scott Ostfeld, a JANA managing partner and portfolio manager, currently serves on Lamb Weston's board. This is an institutional open‑market purchase, not an option exercise or gift. As always, purchases by institutional investors can be informative but don't prove future stock performance.

Form 4

Period: 2026-04-07

DirectorOther

Transactions

Purchase
Common Stock, par value $1.00 per share ("Common Stock")
[F1][F2]
2026-04-07$40.89/sh+136,000$5,561,040→ 5,148,980 total(indirect: See footnote)
Purchase
Common Stock
[F2]
2026-04-08$41.41/sh+100,000$4,141,000→ 5,248,980 total(indirect: See footnote)

Footnotes (2)

[F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $40.81 to $41.12, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.
[F2]JANA Partners Management, LP ("JANA" or the "Reporting Person") is a private money management firm which beneficially owns the securities reported herein through various accounts under its management and control. JANA Partners Management GP, LLC (the "GP") is the general partner of JANA. Barry Rosenstein is the Founder of the GP and JANA. Barry Rosenstein, JANA, and the GP disclaim any beneficial ownership of any of the Issuer's securities reported herein except to the extent of their pecuniary interest therein, if any.

Signature

/s/ JANA Partners Management, LP, by Jennifer Fanjiang, Partner, Chief Legal Officer and Chief Compliance Officer|2026-04-09

1 file