DEESE GEORGE E 4

What Happened

• George E. Deese, a director of Flowers Foods, reported the exercise/conversion of 9,350 derivative/deferred shares on 2026-05-29. The filing shows the shares were acquired via conversion/exercise (code M) and an equal number were reported as disposed the same day. Both the acquisition and disposition are reported at $0, reflecting that these were deferred shares with no exercise price.

Key Details

• Transaction date: 2026-05-29
• Transaction codes: M (exercise/conversion of derivative security); acquisition 9,350 shares @ $0.00; disposition 9,350 shares @ $0.00 (derivative)
• Shares owned after transaction: Not specified in the provided filing details
• Relevant footnotes: F6 — deferred shares awarded under the Deferred Shares Agreement for Directors do not have a conversion/exercise price; F7 — no expiration date for the derivative; other footnotes in the filing describe trust/LLC holdings and beneficial ownership disclaimers
• Timeliness: Filing dated 2026-06-01 for a 2026-05-29 transaction — appears to be filed within the required Form 4 timeframe (timely)

Context

• This was not a cash purchase; it was a conversion/exercise of deferred/director shares that carry no exercise price (per filing). The same-day acquisition and disposition can reflect routine director share-conversion and transfer activity; the filing does not report cash proceeds. As always, conversions/awards and same-day disposals are informational and do not by themselves indicate the director’s market view.