RALLS-MORRISON DESIREE (EVP, Gen Counsel and Secretary) exercised options at MCDONALDS CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 2 exercises

RALLS-MORRISON DESIREE

Filed: 2/17/2026ACC: 0001723937-26-000001

InsiderRALLS-MORRISON DESIREECIK 1723937

→

IssuerMCDONALDS CORPCIK 63908

Officer· EVP, Gen Counsel and Secretary

Since Apr 2021

+26.70K

Net shares

Net buyer

$453.0K

Total sold

Open market trades

0B · 0S

Total transactions

32.23K acquired · 5.53K disposed

Non-Derivative Transactions3

Common Stock

Direct

M · Option Exercise

+3.87K

Price / share

—

Trade value

—

% of position

61.7%

2/13/2026

6.27K→10.14K

Common Stock

Direct

M · Option Exercise

+279.00

Price / share

—

Trade value

—

% of position

2.8%

2/13/2026

10.14K→10.41K

Common Stock

Direct

F · Tax Withholding

−1.38K

Price / share

$327.58

Trade value

$453.01K

% of position

13.3%

2/13/2026

10.41K→9.03K

Total

Net shares

+2.76K

Net value

-$453.01K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/13/2026	M · Option Exercise	+3.87K	—	—	61.7%	6.27K	10.14K
Common Stock Direct	2/13/2026	M · Option Exercise	+279.00	—	—	2.8%	10.14K	10.41K
Common Stock Direct	2/13/2026	F · Tax Withholding	−1.38K	$327.58	$453.01K	13.3%	10.41K	9.03K
Total			+2.76K		-$453.01K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

3.87K shares

−3.87K

Strike price

Held after

0.00

Exercisable

—

2/13/2026

Dividend Equivalent Rights

Direct

M · Option Exercise

Converts to

Common Stock

279.00 shares

−279.00

Strike price

Held after

0.00

Exercisable

—

2/13/2026

Options (Right to Buy)

Direct

A · Award

Converts to

Common Stock

28.08K shares

+28.08K

Strike price

327.58

Held after

28.08K

Exercisable

—

2/13/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Restricted Stock Units Direct	Common Stock3.87K shares	2/13/2026	M · Option Exercise	−3.87K		—	0.00
Dividend Equivalent Rights Direct	Common Stock279.00 shares	2/13/2026	M · Option Exercise	−279.00		—	0.00
Options (Right to Buy) Direct	Common Stock28.08K shares	2/13/2026	A · Award	+28.08K	327.58	—	28.08K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)1

Phantom Stock

Indirect

Underlying security

Common Stock

Underlying shares

1.74K

Shares owned

1.74K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

1.74K

Owned

1.74K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Phantom Stock Indirect	Common Stock		—	—	1.74K	1.74K
Total					1.74K	1.74K