X0306 4 2019-11-25 0000030697 Wendy's Co WEN 0001578490 Penegor Todd Allan C/O THE WENDY'S COMPANY ONE DAVE THOMAS BOULEVARD DUBLIN OH 43017 1 1 President & CEO Common Stock 2019-11-25 4 M 0 218153.0000 7.9225 A 685029.0000 D Common Stock 2019-11-25 4 M 0 65580.0000 5.9050 A 750609.0000 D Common Stock 2019-11-25 4 S 0 283733.0000 21.3422 D 466876.0000 D Employee Stock Option (right to buy) 5.9050 2019-11-25 4 M 0 65580.0000 0.0000 D 2023-06-03 Common Stock 65580.0000 0.0000 D Employee Stock Option (right to buy) 7.9225 2019-11-25 4 M 0 218153.0000 0.0000 D 2023-08-09 Common Stock 218153.0000 0.0000 D The price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.185 to $21.55 per share, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. With tandem net exercise and tax withholding rights. The option vested in three equal installments on June 3, 2014, 2015 and 2016, and is currently exercisable as to all 65,580 shares. The option vested in three equal installments on August 9, 2014, 2015 and 2016, and is currently exercisable as to all 218,153 shares. Michael G. Berner, Attorney-in-Fact 2019-11-27