=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-09-25
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Kenvue Inc. (KVUE)
CIK: 0001944048
--- Reporting Owner ---
Name: Stevens Meredith
CIK: 0001967093
Role: Officer (Chief Operations Officer)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-09-25 | Code: M (Exercise of derivative)
Shares: +429
Shares Owned After: 94,050.01 | Ownership: D (Direct)
Footnotes:
[F1] The Restricted Share Units converted into shares of Common Stock on a one-for-one basis upon vesting.
[Transaction #2]
Security: Common Stock
Date: 2026-09-25 | Code: F (Payment of exercise/tax)
Shares: -429 | Price: $17.81
Total Value: $7,640.49
Shares Owned After: 93,621.01 | Ownership: D (Direct)
Footnotes:
[F2] Represents shares withheld to satisfy FICA taxes arising from the Reporting Person being retirement eligible.
[Transaction #3]
Security: Common Stock
Date: 2026-09-25 | Code: M (Exercise of derivative)
Shares: +1,032
Shares Owned After: 94,653.01 | Ownership: D (Direct)
Footnotes:
[F1] The Restricted Share Units converted into shares of Common Stock on a one-for-one basis upon vesting.
[Transaction #4]
Security: Common Stock
Date: 2026-09-25 | Code: F (Payment of exercise/tax)
Shares: -1,032 | Price: $17.81
Total Value: $18,379.92
Shares Owned After: 93,621.01 | Ownership: D (Direct)
Footnotes:
[F2] Represents shares withheld to satisfy FICA taxes arising from the Reporting Person being retirement eligible.
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted Stock Units
Date: 2026-09-25 | Code: M (Exercise of derivative)
Shares: -429
Shares Owned After: 10,490.15 | Ownership: D (Direct)
Footnotes:
[F3] These units correspond 1 for 1 with the Company's common stock.
[F1] The Restricted Share Units converted into shares of Common Stock on a one-for-one basis upon vesting.
[F4] This award vests in three equal installments on 03/10/2026, 03/10/2027, and 03/10/2028, subject to the reporting person's continued service through such vesting date.
[F4] This award vests in three equal installments on 03/10/2026, 03/10/2027, and 03/10/2028, subject to the reporting person's continued service through such vesting date.
[F5] Includes shares acquired in dividend reinvestment transactions.
[Transaction #2]
Security: Restricted Stock Units
Date: 2026-09-25 | Code: M (Exercise of derivative)
Shares: -1,032
Shares Owned After: 93,719.72 | Ownership: D (Direct)
Footnotes:
[F3] These units correspond 1 for 1 with the Company's common stock.
[F1] The Restricted Share Units converted into shares of Common Stock on a one-for-one basis upon vesting.
[F6] This award vests in three equal installments on 03/02/2027, 03/02/2028, and 03/02/2029, subject to the reporting person's continued service through such vesting date.
[F6] This award vests in three equal installments on 03/02/2027, 03/02/2028, and 03/02/2029, subject to the reporting person's continued service through such vesting date.
[F5] Includes shares acquired in dividend reinvestment transactions.
--- Footnotes (Complete Index) ---
F1: The Restricted Share Units converted into shares of Common Stock on a one-for-one basis upon vesting.
F2: Represents shares withheld to satisfy FICA taxes arising from the Reporting Person being retirement eligible.
F3: These units correspond 1 for 1 with the Company's common stock.
F4: This award vests in three equal installments on 03/10/2026, 03/10/2027, and 03/10/2028, subject to the reporting person's continued service through such vesting date.
F5: Includes shares acquired in dividend reinvestment transactions.
F6: This award vests in three equal installments on 03/02/2027, 03/02/2028, and 03/02/2029, subject to the reporting person's continued service through such vesting date.
--- Signature ---
/s/ /s/ Pinto Adhola, as attorney in fact (2026-09-29)
