Insider trade

Officer sold ~$977K of MCD shares in the open market

Traded Nov 14, 2025 · Filed Nov 18, 2025

McDonald'sMCD

~$977K
Reported value · 3,195 sh @ $305.82: 6,088.12
Holds after · shares reported: -24.5%
stock since the trade · S&P 500 +13.7%, $307.03 → $231.83 on Oct 1

Why it stands out

McDonald's's President, McDonald's USA sold $977K of McDonald's shares. Nobody planned it ahead of time.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Nov 14, 2025
Reporting period: Not applicable
Filed with the SEC: Nov 18, 2025

Officer$500K–$1M

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$977,095

Shares × reported transaction price

Timing vs results

9 days after results of Nov 5, 2025, 89 days before results of Feb 11, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $307.03 on Nov 14, 2025, within 5% of its 52-week high, after a 2% rise over the previous 30 trading days

52-week range $279.74 (Jan 16, 2025) to $321.29 (Mar 7, 2025), 66% of the way up, from 250 adjusted closes. 30 trading days earlier: $300.98 on Oct 3, 2025. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+3.2%	+2.6%	+0.6%
30 days	+4.3%	+2.7%	+1.6%
90 days	+8.2%	+3.0%	+5.2%
180 days	-6.7%	+11.5%	-18.2%

Past results only. Not a forecast.

Source receipt

Record ID: 0000063908-25-000063
Filed / recorded: Nov 18, 2025, 2:46 PM UTC
Added to OQRO: Oct 2, 2026, 3:52 AM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: MCDONALDS CORP
Issuer CIK: 63908
Ticker: MCD
Reporting person: Joseph M. Erlinger
Relationship: Officer
Officer title: President, McDonald's USA
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Nov 14, 2025
Transaction code: S
Shares / units: 3,195
Price per share: $305.82
Acquired / disposed: Disposed (D)
Shares owned after: 6,088.12
Ownership form: Direct
Amendment: No

Around the same time

Officer sold10mo ago

~$796KReported value · 2,486 sh @ $320.00

8,754.01 → 6,268.01 shares held−28% of their stake

McDonald's's Chief Legal Officer sold $796K of McDonald's shares. Nobody planned it ahead of time.

Why it stands out Official record

Officer sold10mo ago

~$207KReported value · 658 sh @ $315.00

6,857.56 → 6,199.56 shares held−10% of their stake

McDonald's's - Global CMO sold $207K of McDonald's shares. Nobody planned it ahead of time.

Why it stands out Official record

10mo ago

Congress trade

$1,001 - $15,000Reported range · official band, not an exact amount

6 different filers disclosed MCD within 90 days. Disclosed 28 days after the transaction; reported as an official range, not an exact amount.

Why it stands out Official record

Why it stands out

Dates, kept separate

Context

After it was reported

Source receipt

Around the same time

~$796KReported value · 2,486 sh @ $320.00

~$207KReported value · 658 sh @ $315.00

$1,001 - $15,000Reported range · official band, not an exact amount

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