BELLRING BRANDS, INC. — Director's Dealing 2022

Jul 6, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BELLRING BRANDS, INC. (BRBR)
CIK: 0001772016
Period of Report: 2022-07-01

Reporting Person: JOHNSON JENNIFER KUPERMAN (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-07-01	BellRing Brands, Inc. Common Stock Equivalents	$	A	870.5	Acquired		Common Stock (870.5)	Direct

Footnotes

F1: Reporting Person's retainer earned as a Director of Issuer is deferred into Issuer Common Stock equivalents under the Issuer's Deferred Compensation Plan for Directors. Reporting Person is credited with stock equivalents on a quarterly basis as soon as administratively practical following the quarter in which such retainer is earned. The value of these stock equivalents is distributed (on a one-for-one basis) in the form of Issuer Common Stock upon Reporting Person's retirement from the Board of Directors.

F2: The Common Stock equivalents have no fixed exercisable or expiration dates.

F3: In connection with the transactions under the transaction agreement and plan of merger entered into on October 26, 2021, as amended on February 28, 2022, whereby BellRing Intermediate Holdings, Inc. (formerly known as BellRing Brands, Inc.) ("Old BellRing") merged with a subsidiary of Issuer and each outstanding share of Old BellRing Class A common stock was converted into one share of Issuer common stock and $2.97 in cash (the "Cash Consideration" and such transactions the "Transactions"), awards under the Old BellRing Deferred Compensation Plan for Directors were adjusted to account for the Cash Consideration paid to holders of Old Bell Ring common stock in the Transactions. The amount of securities beneficially owned following the reported transaction includes 739 additional Common Stock equivalents received in connection with such adjustment, which Common Stock equivalents are subject to the same terms and conditions as the underlying awards.