Wendy's Co (WEN) · Initial Holdings (Form 3) SEC Filing

=== SEC Form 3 — Statement of Changes in Beneficial Ownership === Document Type: 3 Period of Report: 2026-06-08 --- Issuer --- Name: Wendy's Co (WEN) CIK: 0000030697 --- Reporting Owner --- Name: Kale Aaron M. CIK: 0002139907 Role: Officer (Chief Accounting Officer) --- Holdings --- [Holding #1] Security: Common Stock Ownership: D (Direct) [Holding #2] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F1] With tandem net exercise and tax withholding rights. [F2] The option becomes exercisable as to 7,810 shares on each of August 12, 2026, 2027 and 2028. [Holding #3] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F1] With tandem net exercise and tax withholding rights. [F3] The option became exercisable as to 3,042 shares on August 5, 2025 and becomes exercisable as to 3,042 shares on August 5, 2026 and 3,043 shares on August 5, 2027. [Holding #4] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F1] With tandem net exercise and tax withholding rights. [F4] The option became exercisable as to 1,945 shares on each of August 11, 2024 and August 11, 2025 and becomes exercisable as to 1,946 shares on August 11, 2026. [Holding #5] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F1] With tandem net exercise and tax withholding rights. [F5] The option vested in three equal installments on August 12, 2023, 2024 and 2025 and is currently exercisable as to all 7,900 shares. [Holding #6] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F1] With tandem net exercise and tax withholding rights. [F6] The option vested in three equal installments on August 13, 2022, 2023 and 2024 and is currently exercisable as to all 7,896 shares. [Holding #7] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F1] With tandem net exercise and tax withholding rights. [F7] The option vested in three equal installments on August 7, 2021, 2022 and 2023 and is currently exercisable as to all 10,455 shares. [Holding #8] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F1] With tandem net exercise and tax withholding rights. [F8] The option vested in three equal installments on August 9, 2020, 2021 and 2022 and is currently exercisable as to all 18,362 shares. [Holding #9] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F1] With tandem net exercise and tax withholding rights. [F9] The option vested in three equal installments on August 20, 2019, 2020 and 2021 and is currently exercisable as to all 6,061 shares. [Holding #10] Security: Employee Stock Option (Right to Buy) Ownership: D (Direct) Footnotes: [F1] With tandem net exercise and tax withholding rights. [F10] The option vested in three equal installments on August 11, 2018, 2019 and 2020 and is currently exercisable as to all 8,001 shares. [Holding #11] Security: Restricted Stock Units Ownership: D (Direct) Footnotes: [F11] With tandem dividend equivalent rights and tax withholding rights. [F13] Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. [F12] Of the restricted stock units, 1,713 (261 of which represent dividend equivalent units) will vest on August 11, 2026; 2,783 (288 of which represent dividend equivalent units) will vest in two remaining equal installments on August 5, 2026 and 2027; and 6,505 (324 of which represent dividend equivalent units) will vest in three equal installments on August 12, 2026, 2027 and 2028. In each case, the stated number of restricted stock units will vest in full on the applicable vesting date, subject to Mr. Kale's continued employment with the Company on the applicable vesting date. [F12] Of the restricted stock units, 1,713 (261 of which represent dividend equivalent units) will vest on August 11, 2026; 2,783 (288 of which represent dividend equivalent units) will vest in two remaining equal installments on August 5, 2026 and 2027; and 6,505 (324 of which represent dividend equivalent units) will vest in three equal installments on August 12, 2026, 2027 and 2028. In each case, the stated number of restricted stock units will vest in full on the applicable vesting date, subject to Mr. Kale's continued employment with the Company on the applicable vesting date. --- Footnotes (Complete Index) --- F1: With tandem net exercise and tax withholding rights. F10: The option vested in three equal installments on August 11, 2018, 2019 and 2020 and is currently exercisable as to all 8,001 shares. F11: With tandem dividend equivalent rights and tax withholding rights. F12: Of the restricted stock units, 1,713 (261 of which represent dividend equivalent units) will vest on August 11, 2026; 2,783 (288 of which represent dividend equivalent units) will vest in two remaining equal installments on August 5, 2026 and 2027; and 6,505 (324 of which represent dividend equivalent units) will vest in three equal installments on August 12, 2026, 2027 and 2028. In each case, the stated number of restricted stock units will vest in full on the applicable vesting date, subject to Mr. Kale's continued employment with the Company on the applicable vesting date. F13: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. F2: The option becomes exercisable as to 7,810 shares on each of August 12, 2026, 2027 and 2028. F3: The option became exercisable as to 3,042 shares on August 5, 2025 and becomes exercisable as to 3,042 shares on August 5, 2026 and 3,043 shares on August 5, 2027. F4: The option became exercisable as to 1,945 shares on each of August 11, 2024 and August 11, 2025 and becomes exercisable as to 1,946 shares on August 11, 2026. F5: The option vested in three equal installments on August 12, 2023, 2024 and 2025 and is currently exercisable as to all 7,900 shares. F6: The option vested in three equal installments on August 13, 2022, 2023 and 2024 and is currently exercisable as to all 7,896 shares. F7: The option vested in three equal installments on August 7, 2021, 2022 and 2023 and is currently exercisable as to all 10,455 shares. F8: The option vested in three equal installments on August 9, 2020, 2021 and 2022 and is currently exercisable as to all 18,362 shares. F9: The option vested in three equal installments on August 20, 2019, 2020 and 2021 and is currently exercisable as to all 6,061 shares. --- Signature --- /s/ /s/Aaron M. Kale (2026-06-10)