VALVOLINE INC — Director's Dealing 2023

Nov 30, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALVOLINE INC (VVV)
CIK: 0001674910
Period of Report: 2023-11-29

Reporting Person: O'Daniel Julie Marie (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-11-29	Common Stock	S	9000	$34.505	Disposed	15981	Direct
2023-11-29	Common Stock	M	1055	—	Acquired	17036	Direct
2023-11-29	Common Stock	F	492	$34.39	Disposed	16544	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-11-29	FY 2023 Restricted Stock Units	$	M	1055	Disposed		Common Stock (1055)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3041	Indirect

Footnotes

F1: The price in column 4 is a weighted average price. These shares of Valvoline common stock were sold in multiple transactions at prices ranging from $34.430 to $34.585, inclusive. Upon request, the Reporting Person will provided to Valvoline, or the staff of the Securities and Exchange Commission full information regarding the shares of Valvoline common stock sold at each separate price within the range set forth in this footnote.

F2: Restricted stock units convert into Valvoline common stock on a one-for-one basis.

F3: Represents the approximate number of shares of Valvoline common stock held by the Reporting Person in the Valvoline 401(k) Plan based on the closing price of Valvoline common stock on the Transaction Date.

F4: The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.