=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-02-27
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: CF Industries Holdings, Inc. (CF)
CIK: 0001324404
--- Reporting Owner ---
Name: Will W Anthony
CIK: 0001396130
Role: Director, Other (Former President & CEO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common stock, par value $0.01 per share
Date: 2026-02-27 | Code: S (Open market sale)
Shares: -100,000 | Price: $99.06
Total Value: $9,906,350.00
Shares Owned After: 373,059 | Ownership: D (Direct)
Footnotes:
[F1] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.0000 to $99.3100, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
[Transaction #2]
Security: Common stock, par value $0.01 per share
Date: 2026-02-27 | Code: S (Open market sale)
Shares: -1,148 | Price: $100.00
Total Value: $114,802.53
Shares Owned After: 371,911 | Ownership: D (Direct)
Footnotes:
[F2] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.0000 to $100.0100, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
[Transaction #3]
Security: Common stock, par value $0.01 per share
Date: 2026-02-27 | Code: A (Grant or award)
Shares: +40,647 | Price: $0.00
Shares Owned After: 412,558 | Ownership: D (Direct)
Footnotes:
[F3] Reflects shares of common stock earned pursuant to a performance restricted stock unit (PRSU) award granted in 2023, as determined by the Compensation and Management Development Committee based on pre-established performance metrics for the three-year performance period ended December 31, 2025.
[Transaction #4]
Security: Common stock, par value $0.01 per share
Date: 2026-02-27 | Code: F (Payment of exercise/tax)
Shares: -18,007 | Price: $99.54
Total Value: $1,792,416.78
Shares Owned After: 394,551 | Ownership: D (Direct)
Footnotes:
[F4] The reporting person surrendered shares of common stock to the company in order to fulfill tax withholding obligations upon the vesting of performance restricted stock units (PRSUs).
[Transaction #5]
Security: Common stock, par value $0.01 per share
Date: 2026-03-02 | Code: S (Open market sale)
Shares: -44,344 | Price: $103.61
Total Value: $4,594,273.42
Shares Owned After: 350,207 | Ownership: D (Direct)
Footnotes:
[F5] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.3700 to $104.0300, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
[Transaction #6]
Security: Common stock, par value $0.01 per share
Date: 2026-03-02 | Code: S (Open market sale)
Shares: -45,870 | Price: $105.52
Total Value: $4,840,151.94
Shares Owned After: 304,337 | Ownership: D (Direct)
Footnotes:
[F6] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.0000 to $105.9900, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
[Transaction #7]
Security: Common stock, par value $0.01 per share
Date: 2026-03-02 | Code: S (Open market sale)
Shares: -44,104 | Price: $106.59
Total Value: $4,700,877.76
Shares Owned After: 260,233 | Ownership: D (Direct)
Footnotes:
[F7] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.0000 to $106.9700, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
[Transaction #8]
Security: Common stock, par value $0.01 per share
Date: 2026-03-02 | Code: S (Open market sale)
Shares: -1,950 | Price: $107.04
Total Value: $208,723.52
Shares Owned After: 258,283 | Ownership: D (Direct)
Footnotes:
[F8] The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.0000 to $107.1600, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
--- Footnotes (Complete Index) ---
F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $99.0000 to $99.3100, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.0000 to $100.0100, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
F3: Reflects shares of common stock earned pursuant to a performance restricted stock unit (PRSU) award granted in 2023, as determined by the Compensation and Management Development Committee based on pre-established performance metrics for the three-year performance period ended December 31, 2025.
F4: The reporting person surrendered shares of common stock to the company in order to fulfill tax withholding obligations upon the vesting of performance restricted stock units (PRSUs).
F5: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $103.3700 to $104.0300, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
F6: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $105.0000 to $105.9900, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
F7: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $106.0000 to $106.9700, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
F8: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $107.0000 to $107.1600, inclusive. The reporting person undertakes to provide to CF Industries Holdings, Inc., any security holder of CF Industries Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within that range.
--- Signature ---
/s/ /s/ Michael P. McGrane, by power of attorney (2026-03-03)
