KELLOGG W K FOUNDATION TRUST exits entire 45,097,438-share stake in KELLANOV for $3,765,636,073.00 at $83.50
The KELLOGG W K FOUNDATION TRUST, a 10% owner of KELLANOV, executed a complete liquidation of its 45,097,438-share position at $83.50 on 2025-12-11, totaling $3,765,636,073.00. This represents a -100.0% net change in holdings and brings the trust's post-transaction share count to zero. The sale occurred at $83.50, a price 0.2% below the 52-week high of $83.64 and above the current price of $83.44. Examining the trust's prior trades at this ticker reveals a pattern of five consecutive sells between late July and late August 2025, none of which were well-timed—all five resulted in positive 90-day returns (ranging from +4.0% to +5.1%), meaning the stock rose after each sale. This current complete exit of the foundational holding carries outsized weight given its size relative to the company's $29.0B market cap and the trust's prior steady selling activity at this stock.