Wendy's

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-02-20 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Wendy's Co (WEN) CIK: 0000030697 --- Reporting Owner --- Name: Spessard Matthew P CIK: 0002014323 Role: Officer (Chief Information Officer) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-02-20 | Code: M (Exercise of derivative) Shares: +3,481 | Price: $0.00 Shares Owned After: 11,284 | Ownership: D (Direct) Footnotes: [F1] Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. [Transaction #2] Security: Common Stock Date: 2026-02-20 | Code: F (Payment of exercise/tax) Shares: -1,189 | Price: $8.09 Total Value: $9,619.01 Shares Owned After: 10,095 | Ownership: D (Direct) --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-02-20 | Code: M (Exercise of derivative) Shares: -3,481 | Price: $0.00 Shares Owned After: 62,690 | Ownership: D (Direct) Footnotes: [F2] With tandem dividend equivalent rights and tax withholding rights. [F1] Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. [F3] Includes 201 dividend equivalent units that had accrued on the restricted stock units. [F4] The restricted stock units will vest in two remaining equal installments on February 20, 2027 and 2028, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. [F4] The restricted stock units will vest in two remaining equal installments on February 20, 2027 and 2028, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. --- Footnotes (Complete Index) --- F1: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock. F2: With tandem dividend equivalent rights and tax withholding rights. F3: Includes 201 dividend equivalent units that had accrued on the restricted stock units. F4: The restricted stock units will vest in two remaining equal installments on February 20, 2027 and 2028, subject to Mr. Spessard's continued employment with the Company on the applicable vesting date. --- Signature --- /s/ /s/ Mark L. Johnson, Attorney-in-Fact (2026-02-24)