CAL-MAINE FOODS INC

ITEM

MARKET

FOR

REGISTRANT’S

COMMON

EQUITY,

RELATED

STOCKHOLDER

MATTERS

AND

ISSUER

PURCHASES

OF EQUITY SECURITIES

Our

Common

Stock

trades

on

the

Nasdaq

Global

Select

Market

under

the

symbol

“CALM”.

At

July 14,

2026,

there

were

243 record holders

of our

Common

Stock and approximately

138,539

beneficial

owners whose shares

were held

by nominees

or broker dealers.

The

Company

has

a variable

policy

adopted

by the

Board. Pursuant

to

the

policy,

pays

to

of its

Common

Stock on

a quarterly

each quarter

for

which the

Company

reports net

income

to

Cal

Inc.

with generally

(“GAAP”)

in the

U.S.,

in an

amount

equal to one

-third (1/3)

of

such quarterly

net income.

are

paid

to

of

record

as of

the 60th

day

following the

last day

of such quarter,

except for

the fourth fiscal

quarter.

For the fourth

quarter, the

Company

pay

s

dividends to

of

record

on the

65th

day

after

the quarter

end. Dividends

are payable

on the

15th

day

following the

record

date.

Following a quarter

for which the

Company

does not report net income

Foods,

Inc., the Company

will

not pay

a dividend for

is profitable on

a cumulative

date

of the

last quarter

was

paid. In

with our variable

policy,

we will

not pay

a cash

to

holders

of

our

Common

Stock with

respect

to

our

fourth

quarter

2026,

and

will

not pay

for a

subsequent

is

profitable

on a cumulative

from the date

of the last quarter

in

which a dividend was

paid. At the end of the fourth

quarter of fiscal 2026, the amount

of cumulative losses to be recovered before

payment

of any

future

variable

dividend policy

was $35.9

Under

the Company's

Credit Facility,

are restricted

to

permitted

current dividend

policy,

and

may

not be

paid

if a

default

exists or

will

arise after

giving

effect

to the

or

if

the sum

of

cash

and

cash

of the

Company

and

its subsidiaries plus availability

Credit Facility equals

$50 million.

Stock Performance

Graph

The

Company

utilized

the

(i)

Russell

Total

Return,

and

(ii)

S&P

Composite

Food

Products

Industry

Index

to

benchmark

total

shareholder

return. The Company

is a member

of each

indexes and

believes the other

included in these

indexes provide

and services

similar to

.

The graph presents

total

shareholder

return and

assumes

$100

was invested

on May

28, 2021

in the stock

or index and

dividends were reinvested.

May

28, 2021

May

27, 2022

June 2, 2023

May

31, 2024

May

30, 2025

May

29, 2026

Cal

Inc.

$

100.00

$

138.27

$

150.19

$

201.88

$

337.66

$

276.80

Russell

Total

Return

100.00

84.13

82.89

95.13

96.26

137.73

S&P Composite

Food

Products Industry

Index

100.00

107.14

113.16

103.03

95.52

93.33

Issuer Purchases

of Equity

table

is a summary

of our

fourth

quarter

shares repurchases:

Issuer Purchases

of Equity

Total

Maximum

Approximate

Shares

Purchased

Dollar

Value

of

Total

Number

Average

as Part

of Publicly

Shares

that May Yet

Price Paid

Announced

Plans

Be Purchased

Under

Period

Purchased

(a)

per Share

or Programs

the Plans

or Programs

(b)

3/1/26 to 3/28/26

—

$

—

—

$

—

3/29/26 to 4/25/26

239,936

76.15

239,770

332,583,260

4/26/26 to 5/30/26

156,313

75.85

156,313

320,726,332

396,249

$

76.03

396,083

$

320,726,332

(a)

As permitted

under our Amended and Restated 2012 Omnibus Long

-Term Incentive Plan, 166 shares were withheld

by us to

satisfy tax

withholding

for

an employee

vesting

of restricted

common

stock.

(b)

25, 2025, the Company announced a $500

million share repurchase program. The share repurchase program

authorizes the Company,

in

management’s discretion, to repurchase shares of Common

Stock from time to time for an aggregate

purchase price up to

$500 million (exclusive of any fees,

taxes, commissions or other

related

to such repurchases),

subject

program does

not obligate

the Company to repurchase

any specific

amount

of shares, does

an expiration

date, and

may be suspended,

modified or discontinued

at any time

without

Recent

Sales of

Unregistered

No sales

without registration

Act of 1933

occurred during

ended

May 30,