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KVUEKenvue Inc. · Insider ownership research

Kenvue Inc. insiders sold $747K in the past 12 months. How much of their stake is that?

Insiders sold $747K, 0% under disclosed plans. Their starting stakes can't be measured from the filings because the sellers' holdings don't reconcile with their reported transactions.

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
1
buyer among officers and directors (2 trades), past 12 months
0%
of sales were under disclosed trading plans, past 12 months
2 of 25
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026
Oct 2, 20264 executives had 44K shares ($756K) withheld by the company for taxes (not a market sale). That is between 9.8% and 14% of each person's total stake held that day (1 person can't be measured). 107K shares came in from vesting or option exercises the same day, so their combined holdings rose by 63K net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Meredith Stevens
Chief Operations Officer
15,192$17.2012%114KOct 2, 2026Oct 6, 2026
Matthew Orlando
General Counsel
14,749$17.20n/an/aOct 2, 2026Oct 6, 2026
Caroline Tillett
Chief Scientific Officer
8,471$17.209.8%78KOct 2, 2026Oct 6, 2026
Heather Howlett
CFO & CAO
5,566$17.2014%35KOct 2, 2026Oct 6, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Oct 1, 2026Michael Wondrasch had 21K shares ($362K) withheld by the company for taxes (not a market sale). That is 32% of the total stake held that day. 66K shares came in from vesting or option exercises the same day, so the holding rose by 45K net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Michael Wondrasch
Chief Tech & Data Officer
21,031$17.2232%45KOct 1, 2026Oct 5, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Sep 25, 2026Meredith Stevens had 1.5K shares ($26K) withheld by the company for taxes (not a market sale). That is 1.5% of the total stake held that day. 1.5K shares came in from vesting or option exercises the same day, so the holding rose by 0 net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Meredith Stevens
Chief Operations Officer
1,461$17.811.5%94KSep 25, 2026Sep 29, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Not enough history to compare: fewer than three earlier years of filings. Year by year
Latest filing: Filed Oct 6 for a tax withholding on Oct 2. Meredith Stevens had 15K shares withheld by the company for taxes. Filing
76 SEC ownership filings in the period · See the evidence

What stands out

Jeffrey Smith bought 6.38M shares for $111M, first on Dec 11, 2025. These are the first by current officers or directors since Aug 30, 2023.Purchase, Dec 12, 2025
Tax withholding outweighed market sales: the company withheld $4.7M of officers' and directors' shares for taxes, against $747K sold on the open market. The largest was Luani Alvarado ($1.5M withheld).Largest withholding, Feb 6, 2026

Percentages cover 7 of 25 officers and directors. 18 are left out

i
Left out: Matthew Orlando and Kirk Perry (holdings couldn't be fully reconciled); Heather Howlett (most of their shares vested during the period, so a percentage would mislead); Larry Merlo, Seemantini Godbole, Betsy Holden, Vasant Prabhu, Kathleen Pawlus, Erica Mann, Sarah Hofstetter, Michael Wondrasch, Anindya Dasgupta, Carlos De Jesus, Jonathan Halvorson and Gomes Curado (held no vested shares at the start); Richard Allison Jr., Melanie Healey and Michael Sneed (most holdings were last confirmed in 2023).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Matthew Orlando
General Counsel
No bar: holdings couldn't be fully reconciled.
$680KNo plan disclosed
Heather Howlett
CFO & CAO
No bar: most of their shares vested during the period, so a percentage would mislead.
$67KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
OctNovDecJanFebMarAprMay 2026: $680K no plan disclosed$680KMayJun 2026: $67K no plan disclosedJunJulAugSepOct

Common questions

Is the Kenvue Inc. CEO selling stock?

No. Kirk Perry reported no open-market sales in the past 12 months.

Why are Kenvue Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Kenvue Inc. insiders buying?

Yes. 1 officer or director reported 2 purchases in the past 12 months (Form 4 code P, which includes private purchases).

The evidence

Who sold2 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Matthew Orlando
General Counsel
$680K
38K shares
i
No percentage: holdings couldn't be fully reconciled.
No plan disclosed
Heather Howlett
CFO & CAO
$67K
3.7K shares
i
No percentage: most of their shares vested during the period, so a percentage would mislead.
No plan disclosed
The full ownership picture23 of 25 insiders fully reconciled · 13 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Jeffrey Smith
i
Held through Starboard Value LP; the director disclaims ownership beyond their own interest.
Director
20.93M027.31Mno sales
Vesting, gifts, unvested awards and holding lines for Jeffrey Smith
0shares vested or exercised
0gifted (net of own trusts)
32K → 127Kunvested awards, start → end
  • Held through Starboard Value LP; the director disclaims ownership beyond their own interest.
Held throughShare classOct 8, 2025Oct 8, 2026
Starboard Value LPCommon Stock, $0.01 par value20,929,93827,307,632
Meredith Stevens
Chief Operations Officer
64K0114Kno sales
Vesting, gifts, unvested awards and holding lines for Meredith Stevens
+44Kshares vested or exercised
0gifted (net of own trusts)
−30Kwithheld by the company for taxes
106K → 322Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock64,441114,183

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
77,647$20.81Dec 7, 2033$0
160,481$19.01Mar 5, 2034$0
128,197$23.92Mar 10, 2035$0

Estimate: options held × ($18.11 − strike price), using the most recent insider trade price on Form 4 (Jun 10, 2026), not a market close.

Carlton Lawson
Group President EMEA & LA
56K0148Kno sales
Vesting, gifts, unvested awards and holding lines for Carlton Lawson
+55Kshares vested or exercised
0gifted (net of own trusts)
102K → 178Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock56,316148,012

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
45,882$20.81Dec 7, 2033$0
193,059$19.01Mar 5, 2034$0
147,851$23.92Mar 10, 2035$0

Estimate: options held × ($18.11 − strike price), using the most recent insider trade price on Form 4 (Jun 10, 2026), not a market close.

Caroline Tillett
Chief Scientific Officer
44K078Kno sales
Vesting, gifts, unvested awards and holding lines for Caroline Tillett
+35Kshares vested or exercised
0gifted (net of own trusts)
−27Kwithheld by the company for taxes
64K → 114Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock44,12977,709

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
39,705$20.81Dec 7, 2033$0
111,009$19.01Mar 5, 2034$0
81,837$23.92Mar 10, 2035$0

Estimate: options held × ($18.11 − strike price), using the most recent insider trade price on Form 4 (Jun 10, 2026), not a market close.

Luani Alvarado
Chief People Officer
31K061Kno sales
Vesting, gifts, unvested awards and holding lines for Luani Alvarado
+112Kshares vested or exercised
0gifted (net of own trusts)
−82Kwithheld by the company for taxes
72K → 172Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock31,35961,415

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
57,352$20.81Dec 7, 2033$0
111,009$19.01Mar 5, 2034$0
104,389$23.92Mar 10, 2035$0

Estimate: options held × ($18.11 − strike price), using the most recent insider trade price on Form 4 (Jun 10, 2026), not a market close.

Matthew Orlando
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +797.282 shares on Dec 1, 2025 (Direct). See the filing Sales and other transactions for Matthew Orlando are complete.
General Counsel
n/a−38Kn/an/a
Vesting, gifts, unvested awards and holding lines for Matthew Orlando
+28Kshares vested or exercised
0gifted (net of own trusts)
−31Kwithheld by the company for taxes
79K → 212Kunvested awards, start → end

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: +797.282 shares on Dec 1, 2025 (Direct). The balances below are as reported, not verified totals.

Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock25,69521,005

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
112,941$20.81Dec 7, 2033$0
160,481$19.01Mar 5, 2034$0
136,220$23.92Mar 10, 2035$0

Estimate: options held × ($18.11 − strike price), using the most recent insider trade price on Form 4 (Jun 10, 2026), not a market close.

Heather Howlett
CFO & CAO
21K−3.7K35Knot meaningful
Vesting, gifts, unvested awards and holding lines for Heather Howlett
+18Kshares vested or exercised
0gifted (net of own trusts)
−12Kwithheld by the company for taxes
40K → 54Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock21,26834,603

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
67,957$19.01Mar 5, 2034$0
36,799$23.79Mar 3, 2035$0

Estimate: options held × ($18.11 − strike price), using the most recent insider trade price on Form 4 (Jun 10, 2026), not a market close.

Russell Dyer
Chief Corp. Affairs Officer
1.7K04.1Kno sales
Vesting, gifts, unvested awards and holding lines for Russell Dyer
+4.9Kshares vested or exercised
0gifted (net of own trusts)
−2.5Kwithheld by the company for taxes
19K → 70Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock1,7044,101

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
68,389$19.24Jun 3, 2034$0
52,325$23.92Mar 10, 2035$0

Estimate: options held × ($18.11 − strike price), using the most recent insider trade price on Form 4 (Jun 10, 2026), not a market close.

Amit Banati
Chief Financial Officer
1130113no sales
Vesting, gifts, unvested awards and holding lines for Amit Banati
0shares vested or exercised
0gifted (net of own trusts)
196K → 340Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
TrustCommon Stock113113

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
225,352$23.67n/a$0

Estimate: options held × ($18.11 − strike price), using the most recent insider trade price on Form 4 (Jun 10, 2026), not a market close.

Kirk Perry
!
Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. See the filing Sales and other transactions for Kirk Perry are complete.
Chief Executive Officer
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Kirk Perry
+119Kshares vested or exercised
0gifted (net of own trusts)
−56Kwithheld by the company for taxes
161K → 653Kunvested awards, start → end

Holdings couldn't be fully reconciled. Filings report each grant's shares as the balance instead of a running total. The balances below are as reported, not verified totals.

Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock0118,562

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
614,250$21.44Jul 31, 2025$0

Estimate: options held × ($18.11 − strike price), using the most recent insider trade price on Form 4 (Jun 10, 2026), not a market close.

Michael Wondrasch
Chief Tech & Data Officer
0045Kno sales
Vesting, gifts, unvested awards and holding lines for Michael Wondrasch
+66Kshares vested or exercised
0gifted (net of own trusts)
−21Kwithheld by the company for taxes
189K → 401Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock044,998
Anindya Dasgupta
Group President APAC
0016Kno sales
Vesting, gifts, unvested awards and holding lines for Anindya Dasgupta
+16Kshares vested or exercised
0gifted (net of own trusts)
48K → 180Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock016,419

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
124,352$21.44Jul 31, 2025$0

Estimate: options held × ($18.11 − strike price), using the most recent insider trade price on Form 4 (Jun 10, 2026), not a market close.

Gomes Curado
Group President LATAM
0017Kno sales
Vesting, gifts, unvested awards and holding lines for Gomes Curado
+24Kshares vested or exercised
0gifted (net of own trusts)
−7.1Kwithheld by the company for taxes
72K → 134Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectCommon Stock017,107

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
12,818$23.96May 1, 2035$0

Estimate: options held × ($18.11 − strike price), using the most recent insider trade price on Form 4 (Jun 10, 2026), not a market close.

23 of 25 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (23 exactly, 0 with a minor or footnoted difference). For 2 we show sales but not holdings; the ! icon on their rows explains why. Percentages cover 7 of 25 officers and directors. Left out: Matthew Orlando and Kirk Perry (holdings couldn't be fully reconciled); Heather Howlett (most of their shares vested during the period, so a percentage would mislead); Larry Merlo, Seemantini Godbole, Betsy Holden, Vasant Prabhu, Kathleen Pawlus, Erica Mann, Sarah Hofstetter, Michael Wondrasch, Anindya Dasgupta, Carlos De Jesus, Jonathan Halvorson and Gomes Curado (held no vested shares at the start); Richard Allison Jr., Melanie Healey and Michael Sneed (most holdings were last confirmed in 2023). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$747K of sales by plan status, purpose, seller and month

Officer and director open-market sales: $747K across 42,191 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $747K

Sales with no 10b5-1 plan and no tax reference in the filing. $680K of it is Matthew Orlando. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Matthew Orlando, May 8, 2026

Taxes

269,123 shares ($4.7M) were withheld by the company for taxes, which isn't a market sale.

Purchases · 1 buyer (2 trades)

1 officer or director bought shares in this period, in 2 trades(Form 4 code P). Across all their filings on record there are 4 purchase trades.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Matthew Orlando
General Counsel
38K$680K0%91%May 8, 2026 to May 8, 2026
Heather Howlett
CFO & CAO
3.7K$67K0%9%Jun 10, 2026 to Jun 10, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$680K$0$0$680K
Jun 2026$67K$0$0$67K
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by yearNot enough history to compare

Not enough history to compare: fewer than three earlier years of filings.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
42K2$747K
Oct 8, 2025
1 year earlier
17K1$394K
Oct 8, 2024
2 years earlier
00$0
Oct 9, 2023
3 years earlier · filings don't cover the whole year
n/an/an/a
Oct 9, 2022
4 years earlier · filings don't cover the whole year
n/an/an/a
Oct 9, 2021
5 years earlier · filings don't cover the whole year
n/an/an/a

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty2 insiders whose holdings couldn't be fully reconciled

Matthew Orlando: holdings couldn't be fully reconciled (difference of 1,214 shares). Balance changed without a matching transaction, and the footnote does not state the amount: +797.282 shares on Dec 1, 2025 (Direct). Filing, Dec 1, 2025

Footnote: "These units correspond 1 for 1 with the Company's common stock."

Kirk Perry: holdings couldn't be fully reconciled (difference of 56,007 shares). Filings report each grant's shares as the balance instead of a running total. Filing, Dec 15, 2025

Footnote: "Shares withheld for payment of taxes upon vesting of Restricted Stock Units. This Form 4/A is being filed to report the adjusted number of shares withheld, which amount was previously over-withheld due to an administrative error."

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology295 filings from SEC EDGAR, and how we read them

All 295 Forms 3, 4 and 5 filed for Kenvue Inc. (SEC CIK 1944048) from May 3, 2023 to Oct 6, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (12)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Thibaut MongonMar 12, 2025216,469 shares, last reported balance as of Mar 5, 2025
Paul RuhMar 12, 202556,199 shares, last reported balance as of Mar 5, 2025
Jan MeurerMar 12, 202533,178 shares, last reported balance as of Mar 5, 2025
Bernardo TavaresMar 12, 202514,002 shares, last reported balance as of Mar 5, 2025
Bing XieMar 12, 202547,603 shares, last reported balance as of Mar 5, 2025
Charmaine EnglandMar 12, 202529,059 shares, last reported balance as of Mar 5, 2025
Peter FasoloMay 28, 20241,863 shares, last reported balance as of Aug 23, 2023
Tamara FranklinMay 28, 2024No balance on record
Joseph WolkMay 28, 2024538 shares, last reported balance as of Aug 23, 2023
Donna LorensonOct 4, 2023No balance on record
Kathy WidmerOct 4, 2023No balance on record
Johnson JohnsonAug 25, 2023182,329,550 shares, last reported balance as of Aug 23, 2023