Summary by Futu AI
The Kellogg W K Foundation Trust, a major shareholder of Kellanova (K), is set to dispose of 114,583 shares of common stock in an open market transaction scheduled for 12/23/2024. The shares will be sold at a price of $80.6424 per share, resulting in a total transaction value of approximately $9.24 million.Following this planned sale, the Trust's direct ownership in Kellanova will decrease to 48,878,693 shares. The transaction is part of a pre-arranged trading plan, as indicated by the future execution date. This move suggests a slight reduction in the Trust's stake in the company, though it remains a significant shareholder.Investors should note that this transaction is still pending and scheduled for the future. The motivations behind the sale and its potential impact on Kellanova's stock price are not disclosed in the filing.