Amendment & Restatement of Agreement of Trust of Mary Alice Dorrance Malone dated April 17, 1990 4

What Happened

• The Amendment & Restatement of Agreement of Trust of Mary Alice Dorrance Malone (a reporting 10% owner) recorded an acquisition of 17,274,200 shares of Campbell Soup Co. (CPB) on 2026-03-31. The shares are reported at $22.27 per share for a total reported value of $384,696,434. The transaction is listed with code J ("other acquisition or disposition") and arose from a trust merger/reorganization.

Key Details

• Transaction date and price: 2026-03-31 — 17,274,200 shares @ $22.27 per share (total $384,696,434).
• Filing date: Form 4 filed 2026-05-21 (about 51 days after the transaction), which is outside the typical 2-business-day Form 4 reporting window.
• Shares owned after transaction: Form 4 does not state a single total held directly by the reporting person; footnotes say the reporting person holds an indirect beneficial interest in all 17,274,200 shares held by Consul FL, LLC and has pecuniary interests in portions of 18,426,809 shares held by Contango, LP and 4,271,414 shares held by Quizhou, LP (disclaims voting/dispositive power over Contango and Quizhou holdings).
• Footnotes: F1 clarifies indirect pecuniary interests and disclaimers of voting/dispositive power; F2 notes the reporting person merged with a trust of Mary Alice Dorrance Malone effective 2026-03-31, which increased its indirect interests.

Context

• This was not an open-market buy or sale by an officer/insider but an internal trust reorganization that resulted in an increased indirect ownership stake for a 10% owner. For retail investors, such trust reorganizations signal a change in ownership structure rather than a clear market sentiment from an executive trade.