CONWAY SHAWN 4

What Happened

• Shawn Conway, a director of BellRing Brands, was granted 5,391 restricted stock units (RSUs) on 2026-01-29. The Form 4 reports the award as an acquisition at $0.00 (code A — award/grant).
• These RSUs are a contingent right to receive one share of BellRing common stock per unit and do not represent immediate share ownership until they vest. The filing does not report a cash value or immediate sale.

Key Details

• Transaction date: 2026-01-29; Filing date: 2026-02-02 (filed within the SEC’s two-business-day window).
• Transaction type/code: Award/Grant (A); 5,391 RSUs acquired at $0.00.
• Vesting: Per filing footnote, the RSUs vest in full on the first anniversary of the grant date, subject to the award agreement.
• Shares owned after transaction: Not specified in the provided Form 4.
• No 10b5-1 plan, tax-withholding, or sale reported in this filing.

Context

• RSU grants are compensation awards and are common for directors and executives; they typically convert to shares (and may trigger taxable events) only when they vest or are settled.
• Because this is a grant (not a purchase or sale), it should be viewed as compensation activity rather than a direct market sentiment signal.