Wunsch E.J.

Wunsch E.J., Chief Legal Officer and Secretary, has engaged exclusively in selling activity involving shares of The Wendy’s Company (WEN) over the period reflected in SEC filings, with no recorded purchases. The transactions, totaling $184,573.92 in aggregate sales, include multiple dispositions executed between 2025 and 2026. Notably, the largest single sale occurred on February 21, 2025, when Wunsch disposed of shares worth $31,788.90, followed by a $32,175.57 sale on February 23, 2026. Smaller sales were recorded on August 5, 2025 ($15,293.15) and August 11, 2025 ($8,765.30). The majority of filings, however, reflect non-monetary transactions—likely grants, awards, or adjustments—marked with zero-dollar values, particularly on recurring dates such as March, August, September, and December. The pattern suggests a consistent reduction in Wunsch’s holdings in WEN, with no offsetting acquisitions. The sales are sporadic rather than systematic, with the most recent monetized transaction occurring in early 2026. While the zero-dollar filings indicate ongoing equity-based compensation, the absence of open-market purchases underscores a one-way flow of shares out of Wunsch’s ownership. The activity aligns with typical executive equity management, though the lack of buying leaves no counterbalancing accumulation trend. All transactions were disclosed under standard SEC codes, with no recent trades reported beyond February 2026.