Wendy's

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-08-12 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Wendy's Co (WEN) CIK: 0000030697 --- Reporting Owner --- Name: Kale Aaron M. CIK: 0002139907 Role: Officer (Chief Accounting Officer) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Stock Date: 2026-08-12 | Code: M (Exercise of derivative) Shares: +2,209 | Price: $0.00 Shares Owned After: 15,037 | 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: 2026-08-12 | Code: F (Payment of exercise/tax) Shares: -599 | Price: $8.66 Total Value: $5,187.34 Shares Owned After: 14,438 | Ownership: D (Direct) --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-08-12 | Code: M (Exercise of derivative) Shares: -2,209 | Price: $0.00 Shares Owned After: 13,736 | 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 149 dividend equivalent units that had accrued on the restricted stock units. [F4] The restricted stock units were granted on August 12, 2025 and vest in three equal installments on the first, second and third anniversaries of the grant date, subject to Mr. Kale's continued employment with the Company on the applicable vesting date. The first installment (including the related dividend equivalent units) vested on August 12, 2026. [F4] The restricted stock units were granted on August 12, 2025 and vest in three equal installments on the first, second and third anniversaries of the grant date, subject to Mr. Kale's continued employment with the Company on the applicable vesting date. The first installment (including the related dividend equivalent units) vested on August 12, 2026. --- 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 149 dividend equivalent units that had accrued on the restricted stock units. F4: The restricted stock units were granted on August 12, 2025 and vest in three equal installments on the first, second and third anniversaries of the grant date, subject to Mr. Kale's continued employment with the Company on the applicable vesting date. The first installment (including the related dividend equivalent units) vested on August 12, 2026. --- Signature --- /s/ /s/ Mark L. Johnson, Attorney-in-Fact (2026-08-14)